black bear casino lodgingThat diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.Selling real estate to boost cash holdings is common in the gaming industry.luckyland casino no deposit bonus“We are pleased that the new regulatory guidelines released today make small gaming companies eligible for this critical program just as Congress has replenished its funding,” Miller added.After being pressed by the gaming industry, the SBA amended the PPP regulations to permit companies that generate up to half of their income from gaming.2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.poker superstars 2 free online game

foxwoods resort casino outlets

free slots 247“This provides the company with ample liquidity to weather the storm and emerge from the pandemic in a favorable position to be opportunistic and potentially consolidate smaller, less well-capitalized operators at attractive prices,” he said.A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling.Those in favor of liquidating casino property holdings argue operators aren’t real estate companies, and selling property creates a near-term influx of capital while moving risk off the balance sheet.miami club casino free 20 bonus codesIn addition to owning all of its real estate, MCRI had one of the best balance sheets in gaming, coming into the pandemic with 2.“In the nearly one month since the CARES Act was enacted to provide economic relief to blunt the impact of the COVID-19 pandemic, the American Gaming Association and our allies have fought tirelis bovada casino fairessly to correct the Small Business Administration’s antiquated policy that precluded gaming companies from qualifying for loans through the Paycheck Protection Program,” said AGA President Bill Miller.01 million.brian christopher slot jackpots

maroon 5 live casino de paris

cliff castle casino hotel dealsMonarch CEO John Farahi said the COVID-19 outbreak is slowing some of the company’s construction plans in Colorado, “and we do not yet have a definitive timeline for the property opening.“In the nearly one month since the CARES Act was enacted to provide economic relief to blunt the impact of the COVID-19 pandemic, the American Gaming Association and our allies have fought tirelis bovada casino fairessly to correct the Small Business Administration’s antiquated policy that precluded gaming companies from qualifying for loans through the Paycheck Protection Program,” said AGA President Bill Miller.Its Atlantis in Reno has been shuttered for more than a month, and the same is true of is bovada casino fairthe company’s Centennial State property.“We are pleased that the new regulatory guidelines released today make small gaming companies eligible for this critical program just as Congress has replenished its funding,” Miller added.Now, the SBA says it doesn’t matter how much a small business makes from legal gaming.A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling.7 casino online