firekeepers casino wikiAfter 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.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.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.cashman casino las vegas slotsThat updated conditions still excluded many small casinos throughout the country.But this week, Congress appr01 million.roulette wheel gambling

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gold coast casino eventsThe 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.For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .jamul casino lobster buffet“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.A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling.“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.casino slot machine sound effect

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hollywood casino aurora“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.Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.“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.(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.2x net leverage at year-end,” said Union Gaming analyst John DeCree in a note to clients today.Small casinos are now eligible for the federal government’s Payroll Protection Program.paragon casino restaurants