Sunday, March 22, 2020

Nevada is ‘national epicenter of economic devastation’ from coronavirus

Good time to get out of Nevada that will be damaged or defunct forever.
Get $2000 from Trump and unemployment pay.
Then leave before summer heats up.
Gambling addicts should quit or gamble at home.
No need for casino germ transmission centers.
Las Vegas imports 100% of its food.
Move to food growth area
and learn medical and health maintenance.

Governor called for all gaming operations in the state to close for 30 days in response to the pandemic.

Nevada Gaming Control Board suspended all gaming licenses until April 18.

It's unclear whether casinos will reopen at the immediate end of the 30-day period.

"Nevada could quickly see its unemployment rate increase above 30 percent,"

"The ensuing strain on state and local governments and other service providers,
reliant on tourism-related tax revenues

will quickly deplete unemployment insurance funds and reserves, would be catastrophic."

The state welcomes about 57 million visitors annually, including 42 million to Las Vegas alone.

If Nevada's tourism is shuttered for between 30 and 90 days,
a period of 12-18 months would likely be needed for a successful economic recovery.

480,000 tourism-based Nevada jobs would be at risk.

"Nevada is the crossroads where all the segments of the travel industry meet

— making us the national epicenter of economic devastation cause by COVID-19,"

Nationwide, more than 600,000 gaming workers are out of work because of the pandemic,

95% of the country's 465 commercial casinos and
75% of the 524 tribal casinos in America are shut down.

$43.5 billion in economic activity will be "robbed" from the U.S. economy
if casinos remain closed for the next eight weeks

casino closures "important health and safety decisions" made by state governments.

"The impact on our employees, their families, and communities is staggering,
and the implications extend far beyond the casino floor,"

"Technology companies that supply the industry, and
350,000 small business employees that rely on gaming for their livelihood,
are also feeling the devastating blow of this unprecedented public health crisis."

The American Gaming Association and
Nevada Resort Association
are asking federal lawmakers for economic relief dollars.
U.S. House of Representatives and the Senate.

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