mgm grand casino in marylandAfter 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.For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling.jackson rancheria casino restaurantsAtlantis owner Monarch Casino could be a regional gaming winner.Monarch 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.Dealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus.when will harrah s cherokee casino open back up

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firekeepers casino golfThe Union Gaming analyst has a “buy” rating on Monarch running aces casino slot machinesstock, with a price target of , implying upside of 45 percent from Thursday’s close.That updated conditions still excluded many small casinos throughout the country.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.pechanga casino gamesA caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling.Conversely, those that don’t favor real estate sales as a means of boosting cash say the move creates a new liability for the seller in the form of what are usually lengthy leases.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.oxford casino login

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jobs soaring eagle casinoSelling real estate to boost cash holdings is common in the gaming industry.Analyst Sees Lots to LikeWhile Monarch confronts the same coronavirus headwinds as its larger rivals, DeCree believes the company’s strong balance sheet is an advantage.2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.The impact of the coronavirus closures on Monarch’s top and bottom lines is evident, as highlighted by the company’s first-quarter results revealed earlier this week.The goal is to make the first five floors of the hotel and some floors in a new tower available for guest use when Colorado signs off on reopening gaming venues.In addition to owning all of its real estate, MCRI had one of the best balance sheets in gaming, coming into the pandemic with 2.hollywood casino drink menu