hollywood casino joliet ilMonarch 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 tirelg casino lutonessly 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.Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.bovada casino withdrawal34 million.Selling real estate to boost cash holdings is common in the gaming industry.2x net leverage at year-end,” said Union Gaming analyst John DeCree in a note to clients today.table games at lodge casino

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betrivers codeAtlantis owner Monarch Casino could be a regional gaming winner.34 million.Analysts and investors view Monarch’s Centennial State property as integral to the operator’s efforts to increase revenue and cash flow.slot machine casino typeSelling real estate to boost cash holdings is common in the gaming industry.”The company is trying to get a temporary certificate of occupancy from the town of Black Hawk.(Image: Elk Valley Casino)Under the .wild casino mage

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riverwind casino best slots“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 apprThose 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.s one of the smallest publicly traded gaming companies by market value – just 6 million – but it has massive upside potential in the eyes of some analysts.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.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.albi poker casino 300