COVID-19 Casino Impact

[olds442jetaway]

Even Thomas Jefferson

[Lucky Larry]

felix,
you can't win anymore than Galileo could. Long live "cognitive dissonance".

So felix what are your favorite casino and favorite games?

[Lucky Larry]

One non-VP financial comment, at this point the chances of a real, deep recession appear to be high and will hurt millions of American families and billions of people around the world. One can only hope that the lesson we learn is that when you have a service based economy like the US, that the disruption will be massive. Hopefully, as the pandemic resides after this first cycle/phase our economy will rebound and we can prepare for round #2 later this year or next. Massive testing, vaccines, PPEs, and a robust change in our life-style. At this time having learned from 2008, Sweet C and I will wait and not make drastic changes to our portfolio. Our parents lived through the Great Depression and WWII with rationing and we learned from them how to live within our means and develop a low cost portfolio of mutual funds with a historically sound balance between stocks and bonds.

Best wishes to all, stay safe, stay well.

[tech58]

Good post LL.
There will be pain. Maybe enough to make us realize that if we RELY on other countries to provide
large,and key,portions of our production and consumption, it might be a good idea to make sure
they are RELIABLE!!
China has a 100 year plan to supplant us as the worlds economic leader.
We may very well suffer more than they in this crisis because of our free and open society.
Not saying that this is part of their plan, but unless they are held accountable by a united world,
if we "LET THEM UP EASY",as Lincoln said after our civil war, they will gain a huge victory.
I believe that the future of our way of life is at stake here. We deal with an enemy at our own peril!!
Somehow,economic pressure,public opinion, or out-right Gov't mandates,we need to take back control
of our vital economic elements or someday we may be brought to our knees!

"AMERICA STRONG"

TRUMP 2020 !!!!!

[notes1]

according to tampa bay times, 03/20/2020,the tampa hardrock property alone generates $1B a year in revenue and is the most profitable casino in north america.

[FloridaPhil]

according to tampa bay times, 03/20/2020,the tampa hardrock property alone generates $1B a year in revenue and is the most profitable casino in north america.

Not one dime of the casino's earnings go to the State of Florida after the deal with the tribes was cancelled. They may not get off the hook this time.

[FloridaPhil]

At this time having learned from 2008, Sweet C and I will wait and not make drastic changes to our portfolio. Our parents lived through the Great Depression and WWII with rationing and we learned from them how to live within our means and develop a low cost portfolio of mutual funds with a historically sound balance between stocks and bonds.

Sound advice.

[felix]

tech58, yes --- many people file bankruptcy......ONCE, maybe even TWICE if they are slow learners.

Not very many file SIX times.

Only one person files SIX times and then claims he is well-qualified to handle the U.S. economy.

[tech58]

During the presser today Trump and others stressed several times the efforts to help the States in any way possible. I am sure the garbage news creatures on the regular networks accused him of trying to pass off responsibility,which is totally not the case. Our Union is a collection of states that retain all duties and responsibilities not specifically delegated to the federal government.
Progressive libs. are incapable of comprehending that, along with a lot of other things.

[damule]

tech58, yes --- many people file bankruptcy......ONCE, maybe even TWICE if they are slow learners.

Not very many file SIX times.

Only one person files SIX times and then claims he is well-qualified to handle the U.S. economy.

I have to point out the ignorance of this post. Donald Trump has never filed a personal bankruptcy. The chapter 11 bankruptcy filings were failed business ventures. 6 out of the hundreds that Trump's Corporations have started. Not too bad when the national average for failed businesses is around 50%. I'd say that's pretty darn good actually. Do your homework before posting BS like the main street media does about OUR President!