..

Markets Getting Decimated Amidst Coronavirus Concerns: Gaming Stocks Hit Hard

Written by:
Jagajeet Chiba
Published on:
Feb/24/2020

  • Dow down more than $900 Monday morning

  • Several casino stocks down over 4%

  • Macau casinos due to reopen Thursday

*6 weeks free trial - test drive - best in the biz
*Deposit with Bitcoin - They'll double it!
*Get your own domain, customized website, logo
*Switch in under an hour, earn mrore $$ for doing so
*Odds featured on DonBest.com
*Thousands of betting options daily + live in-play
*Easy and discreet payment options include gift cards
*Walmart gift cards also accepted
Start Earning Money From Your Sheet Here

The Dow Jones Industrial was down more than $900 Monday morning as fears over the deadly Coronvirus continue to spread worldwide.

Monday’s drop put the Dow on pace for its biggest one-day point drop since February 2018, when it lost more than 1,000 points.

Among the hardest hit, casino stocks.  MGM was down 4.43%, Sands Las Vegas was down 4.85%, Wynn was down 4%.

More than 2,400 have been infected with the strain of the virus, which originated in China.  Symptoms include fever, cough, and/or shortness of breath.

Pneumonia, organ failure and septic shock have been common with a death rate around 35%.

South Korea raised its coronavirus alert to the “highest level” over the weekend.  It has the highest cases (750) of those infected outside of China.

Meanwhile, outside of Asia, Italy has been the worst affected country so far, with more than 130 reported cases and three deaths.

“There remains a large degree of uncertainty surrounding the virus, and no one knows how this will ultimately play out,” said Keith Lerner, chief market strategist at Truist/SunTrust Advisory. “With stock prices and valuations still near cycle highs, the risk of a worsening virus outbreak has not been priced into the market to a great extent.”

Macau casinos were set to reopen this coming Thursday following an unprecedented shutdown of nearly three weeks. Casino visitors will have to wear face masks before entering and will also be scanned for the temperature at the entrances.

- Jagajeet Chiba, Gambling911.com

Gambling News

The Gambling911.com Crime Blog

The Gambling911.com Crime Blog: Two Mobsters Seek Release From Prison Due to Coronavirus

Welcome to the Gambling911.com Crime Blog, all the latest news and social media stories about gambling-related crime as well as organized crime.

G2E Asia Planning to Move Forward with July Dates for 2020 Trade Show

G2E Asia Planning to Move Forward with July Dates for 2020 Trade Show

G2E Asia 2020 plans to go ahead with its already postponed July 28-30 conference in the wake of the COVID-19 pandemic.

Gambling and Sports Betting News April 1, 2020: SBTech Cyberattack Shuts Down Sportsbooks, Casino

A cyber attach on SBTech has shut down online sportsbooks across the USA that rely on the betting platform.  This includes all wagering in the state of Oregon.  Not that there is much to bet on with most sports on hiatus as a coronavirus pandemic grips the world.

Online Gambling Addiction Soars Amid Covid-19 Pandemic

Online Gambling Addiction Soars Amid Covid-19 Pandemic

The government of Spain on Tuesday imposed emergency restrictions on the advertising of online casinos.  This includes promotion via YouTube and other social media outlets. 

Common Bookmaking Mistakes You Need to Avoid

Common Bookmaking Mistakes You Need to Avoid

While bookmakers can make great money if they're smart, they can also end up losing everything if they're not. Bookmaking requires you to be on your toes, discreet, and a good judge of character.

Syndicate