mgm casino youtubeAfter 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.Dealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus.Selling real estate to boost cash holdings is common in the gaming industry.casino roulette calculators 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.Atlantis owner Monarch Casino could be a regional gaming winner.Wall Street was expecting earnings of 29 cents on turnover of .clearwater casino and lodge

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cashman casino pleaseMonarch 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.2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.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.doubledown casino games free play“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.(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.turtle creek casino sports bar

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twin river casino employmentSmall casinos are now eligible for the federal government’s Payroll Protection Program.But analysts are divided on whether the moves are practical.34 million.2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.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.club player casino sign up