No Name, Many more likely sought jobless aid as virus surges back

[Image]( EMAIL}/redirect Posted on Thursday, July 23rd, 2020 By Christopher Rugaber, AP Economics Writer WASHINGTON (AP) — With the nation gripped by an alarming resurgence of coronavirus cases, the U.S. government will provide its latest report Thursday on the layoffs that have remained stuck at an elevated weekly level above 1 million since the pandemic erupted in March. The pace of applications for unemployment benefits has stalled at roughly double the record high that existed before the virus sent the economy spiraling into a deep recession. Now, as many states and localities reimpose lockdowns in response to the spreading virus, businesses face renewed struggles that are forcing some to impose further job cuts or to shut down permanently. The latest string of layoffs is occurring just before a $600 weekly federal aid payment for the jobless is set to expire at the end of this week. Members of Congress are negotiating another aid package that might extend that benefit, though likely at a lower level of payment. EMAIL}/redirect EMAIL}/redirect If you didn’t believe that gambling stocks are a worthwhile investment, consider this. The Business Research Company projects the global gambling market to reach $565.4 billion through 2022. That assumes that the industry will continue growing at is annual rate of 5.9%. The gambling industry is composed of many segments. There are casinos, lotteries, and the now legalized segment of sports betting. But gambling is also broken down into offline gambling, online gambling and even virtual reality gambling. In fact, virtual reality gambling is projected to grow at an annual rate of 21.5% until 2022. But virtual reality is only one of a number of emerging technologies that are changing the “traditional” face of the gambling industry. There are now hybrid games – the combination of online and land-based games and even augmented reality games. And don’t forget about fantasy sports. Fantasy sports has created an entire industry and it wasn’t created for one person to have bragging rights over their buddies. Fantasy sports is a multi-million industry. EMAIL}/redirect EMAIL}/redirect But like many other segments of the economy, gambling stocks were hit hard by the Covid-19 pandemic. Not only were casinos closed, but live sports were also put on hold. This dried up many of the traditional avenues of gambling, and gambling stocks sank lower as a result. However, the global economy is starting to re-open. And while it was thought that casinos would be one of the last to come back, there are casinos that are starting to re-open. And, it’s becoming more and more likely that there will be live sports (likely without fans initially) sooner rather than later. And that will open up the fantasy sports market. These stocks tend to move quickly. So now is the time to take action. That’s why we’ve created this special presentation that highlights 6 gambling stocks that are ready for a rebound. The sell-off was real, but so will the comeback. And when it does, these stocks may cost much more than they do now. EMAIL}/redirect EMAIL}/redirect To get Exclusive Offers make sure you grab your cellphone (which you are probably doing right now) and join our VIP text messaging list (standard text and messaging rates may apply)to make it even easier, if you are on your cell phone now click this Button Below: [SIGN ME UP NOW]( © 2020 PTE.la PTE, LLC (publisher of PTE.la) is NOT registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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