hollywood casino reservationsSmall casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.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.The initial 9 billion in PPP funding has already been exhausted.foxwood resort casino arcadeThe initial 9 billion in PPP funding has already been exhausted.For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .Selling real estate to boost cash holdings is common in the gaming industry.nearest choctaw casino

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slotocash casino bonus codes 2020Conversely, 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.2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.(Image: Elk Valley Casino)Under the .tachi palace casino food“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.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.“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.santa ana casino bernalillo nm

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brian christopher slots on facebookBut analysts are divided on whether the moves are practical.The Union Gaming analyst has a “buy” rating on Monarch lake tahoe casino covid restrictionsstock, with a price target of , implying upside of 45 percent from Thursday’s close.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.“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.But this week, Congress apprThe Union Gaming analyst has a “buy” rating on Monarch lake tahoe casino covid restrictionsstock, with a price target of , implying upside of 45 percent from Thursday’s close.telephone number for desert diamond casino