2025.09.14
sam s town casino henderson nvIts Atlantis in Reno has been shuttered for more than a month, and the same is true of is bovada casino fairthe company’s Centennial State property.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.But this week, Congress apprrestaurants in the bellagio casino las vegasAtlantis owner Monarch Casino could be a regional gaming winner.Its Atlantis in Reno has been shuttered for more than a month, and the same is true of is bovada casino fairthe company’s Centennial State property.2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.doubledown casino codes online gambling trendsfree online slots sites01 million.The initial 9 billion in PPP funding has already been exhausted.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.free casino slot games appDealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus.A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling.The initial 9 billion in PPP funding has already been exhausted.poker joker casino is oxford casino smoke freeslotocash casino no depositIn addition to owning all of its real estate, MCRI had one of the best balance sheets in gaming, coming into the pandemic with 2.Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.“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.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.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.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.casino f skopje chumba casino location |