Coronavirus is taking down everything day by day. All casinos, restaurants, and other public establishments were ordered to shut down in an effort to cope with the spread of COVID-19. Let’s dive into it to understand how this virus is affecting casinos and whether this is the right time to purchase gambling stocks. A Global Hit – Las Vegas Sands to Outshine Wynn Resorts As you already know, COVID-19 has now spread around the world. Due to the insufficiency of mass testing available, many more people may get infected by the virus. Casino companies are losing millions of dollars daily due to these new regulations. Casino stocks have dropped since the declaration of the coronavirus outbreak as an epidemic in China. The significant impact of the coronavirus crisis and oil price war has been felt by almost all sections of the global economy. All this has led to a 20% decline in market indices. Many casino agencies are experiencing big drops in their stock prices. Let’s be real guys? Flocking or hanging out with strangers is now very risky. We all are breathing the same circulated air. In fact, casinos are usually lively institutions. With all the ruckus and yelling, it’s easy to spread this infectious disease. So why would anybody risk his or her life? Thus, what’s better than playing your favorite casino game – Roulette, Live Blackjack, or other at your home. It is only possible with online casinos that aim to provide gamblers state-of-the-art experience. Global resort operators like MGM Resorts (NYSE: MGM) and Wynn Resorts (NASDAQ: WYNN) have been among the hardest hit this year. With the coronavirus triggering lockdowns across the world, the existing difference in the stock declines has less to do with ‘geographic exposure’ and more with the ‘future growth prospects.’ Wynn has approximately $10 billion in debt, half of which is linked to the Macao operations. Moreover, its long-term debt is now double the market capitalization of the stocks. | Wynn Resorts (NASDAQ:WYNN) stock is down 50% since early February. However, its competitor Las Vegas Sands (NYSE: LVS) has lost 34% of the value over the same time. Although both agencies have a similar exposure to Macau (approximately ~70cz% of total income), Wynn Resorts has increased at a fast pace (~ 15% CAGR) than Las Vegas Sands (~ 7% CAGR) since 2016. While Macao began reopening its doors in late February, MGM said the gambling income in the area jumped 88% year over year that month. Overall, we expect Las Vegas Sands’ to continue to outshine Wynn Resorts. | Betting on Sports and CoronaVirus Let’s talk about how this global pandemic affects sports betting. As you know, most of the operators have no means of generating income from other businesses. This resulted in the industry to look for a bailout in the $2.2 trillion federal stimulus package. Few casino operators may be able to offset a few of their losses with online gambling services. However, just ten states allow some form of gambling, and six of those are sports betting only. Analysts Expect More Decline for April and in the Coming Months Analysts expect more stocks to decline in the coming months. It is because China first restricted tourism to the region and has now completely shut down its borders to foreign people. Shaun Kelley, a popular financial analyst, says based on 2021 recession earnings outlooks: “Our stocks already have huge liquidity concerns, and we have long been aware of the financial leverage in these companies. It’s a good idea to avoid major investments.” Thus, stay safe and enjoy online gambling. Here each casino game is powered by the best software providers like NetEnt, Microgaming, and Play’n Go, etc. The Takeaway Every state is taking its own strategy to tackle this virus. Infected countries are considering some extreme measures. Unfortunately, no one would predict when the situation will improve. It’s also unclear how the impact of the outbreak on the global economy will be. However, the recent market volatility clearly shows fear levels are quite high. Therefore, you can enjoy the benefits of the best online casino in India without leaving your home. We hope everything will be fine in the future. Good Bye and stay safe!