Sports and Business News: Wednesday, May 27th
NHL Reveals "Return To Play Plan"
NHL Commissioner Gary Bettman announced the National Hockey League will dive straight into the postseason once hockey resumes. During a press conference, Bettman said: "we’ve been hopeful and optimistic that by developing all options and alternatives, we could get to this point” and added, “I cannot wait for the players to hit the ice again.”
The regular season was put on hold back on March 12th due to the coronavirus. While Bettman made the announcement about the league’s decision to go right into the playoffs once hockey resumes, the NHL Players Association has yet to sign off on the proposal. The NHL’s return to play plan also laid out plans to play games without fans in two cities.
The 2020 NHL playoffs will also feature 24 teams instead of the traditional 16-team format. Sports Illustrated’s gambling analysts have the best bets for the opening round, check them out here.
Las Vegas is Open for Business
Nevada Governor Steve Sisolak gave the green light for Las Vegas casinos to reopen on June 4th. During his announcement, Sisolak said he was excited to have people return to the popular gambling and entertainment destination and added “we’re going to take every precaution possible.” That apparently includes putting a limit on the number of people at table games and reducing the amount of foot traffic walking through casinos.
The Nevada State Athletic Commission unanimously approved boxing and MMA events to resume in Sin City in June. There's two MMA events and one boxing match already scheduled.
Daily Coronavirus Update
There are 5.6 million cases of the virus worldwide, with over 352,000 deaths. The U.S. has 1.6 million cases with nearly 100,000 deaths. And Brazil is nearing 400,000 cases (it’s currently at 391,000). Yesterday, Brazil had around 37,000 cases. The country has around 24,000 reported deaths.
Now, there’s a story topping the business headlines today that isn’t heavily-coronavirus focused. President Donald Trump sent Twitter shares lower after he tweeted this morning about regulating social media companies, such as Twitter. The threat followed a move by Twitter last night to 'fact check' a Tweet from the President that alleged the potential for widespread abuse of absentee ballots in the coming election. Trump said Twitter's actions are 'completely stifling free speech', even as he continued to freely express his views on the site's free social media platform with his 80.3 million followers.