Billionaire Boys Club Member Forum (BBCMF)

[mick]

As the COVID-19 pandemic spread into the U.S., casinos were eventually forced to shut down their signature properties in Las Vegas and nearly all domestic operations. On March 17, 2020, all Nevada casinos were ordered to shut down as per Governor Steve Sisolak under the nonessential business order. MGM had started to close Las Vegas properties on a rolling basis as early at March 9, when several casino employees tested presumptive positive for COVID-19. MGM National Harbor casino was shut down on March 15, as per Maryland Governor Larry Hogan. LVS and WYNN casino properties were shut down as per Massachusetts’s gaming regulator on the 15th as well. The all too familiar template of state and gaming regulator mandated shutdowns has continued to shutter operations for the big three casino stocks. However, as the U.S. and European nations commence shutdown, China claims to be returning back to capacity.


https://www.marketbeat.com/originals/casino-stocks-can-boost-your-portfolio-long-after-covid-19/?utm_source=newsletter&utm_medium=email&source=ARNDaily

China Template

The coronavirus originated in Wuhan, China in December 2019. By mid-January it quickly elevated to become the epicenter of China’s COVID-19 outbreak. The government quickly placed entire cities and hundreds of millions of residents on lockdown. By erecting makeshift hospitals, enforcing strict curfews and dispatching first response teams into communities, the Chinese government claims their prompt extreme measures enabled them to cap the epidemic. According to state officials, COVID-19 peaked around Feb. 12th when daily cases reached 15,000. New cases and infections have maintained and almost extreme trajectory since the peak. Simultaneously, other global nations started seeing COVID-19 infections and subsequent deaths spike lead by Italy. While global media coverage migrated to covering the spread in the United States and European nations. China has been rapidly reigniting their economic recovery as workers are mobilizing in greater numbers. As of March 25th, China claims to have resumed nearly 80 percent of the nation’s productivity and output capacity and new daily COVID-19 cases have drop to single digits. While pundit question China’s claims, U.S. companies are validating the resumption of operations in China. The question abounds whether the China template will apply to the U.S. in terms of flattening the curve and driving an economic recovery.