nearest casino in destin floridaSmall casinos remain ineligible for coronavirus relief through the Small Business Administration’s Paycheck Protection Program (PPP), despite recent amendments from the US Treasury Department.“The Small Business Administration today released revised regulatory guidelines that will allow additional small businesses that derive revenue from legal gaming to participate in the Paycheck Protection Program (PPP),” said American Gaming Association President Bill Miller.“As Congress seeks to put additional resources behind the PPP, we look forward to working with them to make it clear that ‘we are all in this together’ by rejecting the SBA’s dangerous view that gaming employees don’t deserve assistance during this unprecedented crisis.black hawk casino gift cards”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.Bellagio operator MGM is staring down a possible credit downgrade, says Moody’s.Small businesses are able to receive forgivable loans up to million through the Small Business Administration so long as at least 75 percent of the money is used to continue paying employees.chinook winds casino concerts

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wild casino bonuses“I’ll look at it,” Trump said in response to why smaller casinos in Nevada and elsewhere are being rendered ineligible.” At “Ba3” on the Moody’s scale, the gaming company has the lowest of the three “Ba” ratings and is just one notch above “B” status – grades that carry high credit risk.org.the ruby slots”The AGA says Congress should offer equal access to support to all legal businesses.The confirmation of the company’s Ba3 corporate family rating (CFR) reflects MGM’s good liquidity, including sizable cash balances, aided by revolver drawdowns, and the ability to withstanfree online slots no download with bonus roundsd a meaningful but temporary cash burn from weakened operating performance and facility closures related to the coronavirus,” said Moody’s in a note obtained by Casino.”The AGA says Congress should offer equal access to support to all legal businesses.little river online casino promo code

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casino themeWhile 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.MGM’s grade has “speculative elements” and “is subject to substantial credit risk.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.Moody’s call on MGM comes about three weeks after Fitch downgraded the Mandalay Bay operator, also tagging it with a “negative” outlook.“As a result of this half-measure, small gaming businesses that have closed to comply with government orders will continue to be denied access to this critical lifeline to support their employees,” Miller concluded.Small businesses are able to receive forgivable loans up to million through the Small Business Administration so long as at least 75 percent of the money is used to continue paying employees.sycuan casino discount code