Local News


Financial analyst discusses economic impact of coronavirus

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Posted at 10:14 PM, Feb 25, 2020
and last updated 2020-02-26 08:36:21-05

LAS VEGAS (KTNV) — Las Vegas is no exception to the warning issued from the Center for Disease Control about possible coronavirus outbreaks in the United States.

Now, talks of the potential impacts are on the table.

“Our largest businesses, the casinos depend on travelers and visitors, these people are very often in close quarters so the risk of contamination could be really high,” says Steve Budin, financial analyst.

Budin says at its worst the coronavirus could harm our biggest industry, tourism.

The biggest threat to that would be travel restrictions related to the disease.

“Clearly the risk is spreading that a foreign traveler could end up in a locals casino, so I think they all have to work together, share information,” says Budin.

Local agencies are already doing just that.

The Las Vegas Convention and Visitors Authority says they are monitoring the virus closely as the city prepares to host the NFL Draft in April.

The Nevada Resorts Association issued a statement to 13 Action News that read in part “as standard practice, the resort industry maintains preventive measures and strategies, such as robust cleanliness and hygiene protocols, to fight disease.”