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Bettors believe a US economic recession is looming because of the coronavirus outbreak. (Image: Brendan McDermid/Reuters)Online political betting exchange PredictIt has a market asking, “Will there be a recession in Trump’s 1st term? ”When the new year began, the Dow Jones Industrial Average and the other major indexes were on a tear. The DJIA index began 2020 valued at 28,868. “Yes” shares of the PredictIt recessionmorongo casino reddit question were trading at just 19 cents. Fast-forward a little more than two months, with a deadly coronavirus sweeping the planet, and global economies are plummeting. mgm casino theater In the US, the Dow is down to 21,300 as of Thursday afternoon – a more than 26 percent drop. As a result, those “Yes” PredictIt shares have gone in just the opposite direction – currently trading around 70 cents.

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PredictIt defines an economic recession as the Bureau of Economic Analysis reporting “at least two consecutive quarters with a negative annual growth rate in real gross domestic product. ”Casinos Losing BetsThe gaming industry of course relies heavily on tourism, meaning the travel restrictions in Macau, and now the US banning all foreigners from European countries accessing the country, means revenues will fall drastically. Shares of major US-based casino operators have taken a beating over the last month. digital roulette wheel casino Feb. 12 March 12Las Vegas Sands . Red Stag Casino Birthday Bonus Mpcj 31 . 69MGM Resorts . Doubledown Casino View Forum Injs 66 .

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81Boyd Gaming . firekeepers casino wiki 50 . 35The seriousness of the 2019 coronavirus has been much debated. casino near me flagstaff firekeepers casino and covid Older people, including those with chronic diseases such as heart and lung problems and diabetes, are most at risk. las atlantis casino online But many doctors and health officials say the coronavirus in healthy adults presents symptoms that are no more serious than the seasonal flu. kansas star casino seating chart During his comorongo casino redditmpany’s fourth-quarter earnings conference call back in late January, Sands billionaire CEO Sheldon Adelson, who himself is battling non-Hodgkin’s lymphoma, called the coronavirus “unique and serious. ”However, Sands President and COO Robert Goldstein countered, “We don’t anticipate any slowdown as a result of the virus. ”The gaming industry crash will not allow Eldorado to fold on its .

3 billion acquisition of Caesars, as the takeover has a clause that says the regional casino operator cannot use “public health emergencies” to get out of the merger. But Economy Strong? President Donald Trump says the pandemic is a health crisis – not an economic one. slot casino design “This is not a financial crisis. This is just a temporary moment of time that we will overcome together as a nation,” Trump said during his Oval Office address to the nation Wednesday night. “Because of Roulette Casino Strategy Jpcz