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Getting Started. Personal Finance. About Us. The Ascent. Author Bio Rich has been a Fool since and writing for the site since Stock Advisor launched in February of Join Stock Advisor. Mar 30, at PM. While that may tick up during the pandemic, it's not nearly enough to make up what casino operators are losing from their physical properties. Fool Podcasts. Search Search:. Think an article needs a correction? Ratings agency Fitch Ratings just downgraded MGM's outlook to negative from stable, including its China business, saying current financial conditions and "the severe disruption to global gaming caused by the coronavirus outbreak" warranted the revision. But its shares have also seen the smallest losses year to date, even though, like Wynn Resorts, it derives the bulk of its revenue from Macao. Have a story idea? Reach Rich here. Casinos in Las Vegas and Atlantic City have the most developed online gambling operations since they were first into the business. Contact Rich here. But that would be a mistake. Stock Market. That's because of their base of operations in Macao, which was shut down for two weeks as China sought to contain the outbreak. Investing Best Accounts. Planning for Retirement. Stock Market Basics. Who Is the Motley Fool?

Rich has been a Fool since and writing for the site since After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. But many of these operators are also carrying heavy debt loads. Buy a casino in las vegas What Now? We Are Motley.

Casino operators are a microcosm of the effects that click orders are having on the economy as they were among the very first businesses ordered to close in an effort to contain the spread of COVID First in Asia, now in the U.

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The COVID pandemic is upending traditional investing considerations as companies post earnings results for a time that has little bearing on what they're facing today. His coverage reflects his passion for motorcycles, booze, and guns though typically not all exercised at the same time , but his writing also covers the broader sectors of consumer goods, technology, and industrials. Industries to Invest In. Some casinos may be able to offset some of their losses with online gambling, but only 10 states allow some form of it, and six of those are sports betting only. With all major sports leagues having suspended their seasons, that leaves only four states -- Delaware, Nevada, New Jersey, and Pennsylvania -- that allow for either online casino games, online poker, or both. I may not be able to respond to every suggestion, but I do read them all! Even so, online betting represents only a small portion of total gambling revenue. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio.