Casinos and hotels could apply for assistance from the $2 trillion stimulus bill that's now in the House of Representatives using the provision designed to prevent workers from being laid off and to keep large companies afloat. However, Las Vegas Sands founder Sheldon Adelson, who lobbied heavily for the stimulus bill, says the company won't take any government loans.
Washington Gov. Jay Inslee signed sports betting into law this week, but wagers will only be allowed in tribal casinos once regulations are established. The Evergreen State is the 21st to legalize the activity.
The Arkansas Racing Commission must reconsider the application of Gulfside Casino Partnership of Mississippi after a judge ruled that its reason for rejecting it violated the state's Constitution. The commission denied applications from Gulfside and four others because the local officials who endorsed them weren't in office at the time.
PokerStars founder Isai Scheinberg faces up to five years in prison after pleading guilty to charges of illegal gaming. He is one of 11 online poker room executives charged with illegal gaming, money laundering and bank fraud stemming from April 2011's "Black Friday."
Macao's casinos are faced with another stumbling block after not seeing the uptick in visitors expected after reopening their casinos post-coronavirus. A resurgence of the positive virus tests in Hong Kong and Taiwan forced Macao to mandate a 14-day quarantine for residents returning to the gaming mecca from anywhere.
In Meghalaya, India, a group archery-based activity called teer is the only legal gaming option. Players bet on how many arrows will end up in a straw bale -- a number usually chosen based on their dreams -- and people throughout India call in their bets to the wildly popular game.
Wynn Resorts hopes to retain its service standards post-virus by paying its employees for 30 days during the casino closures, because, as Wynn Resorts CEO Matt Maddox says, "I can't imagine going out (to) rehire and retrain 13,000 people." Meanwhile, although William Hill US sent home more than 600 employees, CEO Joe Asher intends to donate his salary to them.
A Latvia ban on all "interactive gambling" until April 14 in response to the coronavirus pandemic has left gaming operators worried it may apply to legal online casinos as well. A vote affirming the online ban was made after legislation was finalized, muddying the situation.
The Motley Fool suggests that MGM Resorts is still a good bet despite casino closures because of its strong connection to online sports wagering.
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