2025.10.11
borgata casino addrebWhile these changes represent some progress, they fall woefully short of fully addressing antiquated, discriminatory policies that have, to date, restricted small gaming companies from accessing critical loan support made available through the CARES Act,” Miller added.(Image: CNBC)With US casinos shuttered by the coronavirus, ratings agencies are issuing lower grades on debt issued by gaming operators.But that confirmation came with a “negative” outlook, indicating the Mirage operator isn’t yet out of the woods when it comes to a downgrade.island view casino appMGM’s grade has “speculative elements” and “is subject to substantial credit risk.Bellagio operator MGM is staring down a possible credit downgrade, says Moody’s.Small casinos remain ineligible for coronavirus relief through the Small Business Administration’s Paycheck Protection Program (PPP), despite recent amendments from the US Treasury Department.boomtown casino vicksburg ms raging bull casino 100 no deposit bonuscall harrah s casinoBut I want to be clear, it’s nofree slots bonust small casinos.Anti-Gaming PolicyTreasury adds of its decision to bar casinos on the aforementioned conditions, “The Administrator, in consultation with the Secretary, believes this test appfree slots bonusropriately balances the longstanding policy reasons for limiting lending to businesses primarily and substantially engaged in gaming activity.But that confirmation came with a “negative” outlook, indicating the Mirage operator isn’t yet out of the woods when it comes to a downgrade.morongo casino football frenzy”In Nevada, there were 316 gaming locations at the end of 2019.Each of those businesses cannot receive coronavirus payroll relief.lucky creek casino email cashman casino linksharrah s casino shreveport louisiana“I’ll look at it,” Trump said in response to why smaller casinos in Nevada and elsewhere are being rendered ineligible.””Industry ResponseIn updated clarification issued today, the Treasury Department now says any business that had revenue from gambling exceeding million in 2019, and enterprises that made at least 50 percent of their income from gambling that same year, are ineligible for PPP money.Moody’s call on MGM comes about three weeks after Fitch downgraded the Mandalay Bay operator, also tagging it with a “negative” outlook.MGM’s grade has “speculative elements” and “is subject to substantial credit risk.Small casinos remain ineligible for coronavirus relief through the Small Business Administration’s Paycheck Protection Program (PPP), despite recent amendments from the US Treasury Department.online casino jobs cyprus big fish casino blue hand |