Coronavirus hits Las Vegas casino stocks

Investors are warned on-going outbreak could further harm gambling stocks in the USA.

US.- The Coronavirus has now spread globally and Las Vegas casino operators are feeling the impact where it hurts the most, their stock value.

According to Best Us Casinos, stock prices have been on a steep decline over the past few weeks. Shares at Las Vegas mega-properties have been affected and the Dow Jones Industrial Average also fell 12 percent.

As the virus continues to spread, investors are being warned that the impact on the gambling sector could be significant. That being said, the government seems to be in control of the outbreak.

Health and Human Services Secretary, Alex M. Azar II, has declared the outbreak a public health emergency in the United States although but said the risk remained low.

“While this virus poses a serious public health threat, the risk to the American public remains low at this time, and we are working to keep this risk low. We are committed to protecting the health and safety of all Americans, and this public health emergency declaration is the latest in the series of steps the Trump Administration has taken to protect our country,” he said.