aliante casino presidential suite(Image: YouTube)The Reno-based company owns just two casinos – the Atlantis Casino-Resort in its home market and the Monarch Casino Black Hawk in the Colorado town of the same name.Selling real estate to boost cash holdings is common in the gaming industry.Selling real estate to boost cash holdings is common in the gaming industry.poker games at commerce casino2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.Dealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus.Its Atlantis in Reno has been shuttered for more than a month, and the same is true of lake tahoe casino covid restrictionsthe company’s Centennial State property.foxwoods resort casino pool

coushatta casino hours

no deposit bonus casino malaysia 2020“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.34 million.“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 tirellake tahoe casino covid restrictionsessly 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.soaring eagle casino mt pleasantIts Atlantis in Reno has been shuttered for more than a month, and the same is true of lake tahoe casino covid restrictionsthe company’s Centennial State property.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.A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling.foxwoods casino hotel deals

boomtown casino gift shop

free slot machine video gamesNow, the SBA says it doesn’t matter how much a small business makes from legal gaming.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.Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.(Image: Elk Valley Casino)Under the .Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.Small businesses, defined as having 500 or fewer employees, were eligible to apply for forgivable loans (up to million) so long as they use at least 75 percent of the money to continue paying workers.jamulcasino.com