clearwater casino numberEach of those businesses cannot receive coronavirus payroll relief.(Image: CNBC)With US casinos shuttered by the coronavirus, ratings agencies are issuing lower grades on debt issued by gaming operators.Moody’s call on MGM comes about three weeks after Fitch downgraded the Mandalay Bay operator, also tagging it with a “negative” outlook.live casino map”The AGA says Congress should offer equal access to support to all legal businesses.They are hitting those companies with “negative” outlooks or both, as the industry grapples with a zero-revenue scenario, with no near-term end in sight.Small businesses are able to receive forgivable loans up to million through the Small Business Administration so long as at least 75 percent of the money is used to continue paying employees.bellagio casino zagreb

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cliff castle casino hotel2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law by the president on March 27.“The Small Business Administration today released revised regulatory guidelines that will allow additional small businesses that derive revenue from legal gaming to participate in the Paycheck Protection Program (PPP),” said American Gaming Association President Bill Miller.“As a result of this half-measure, small gaming businesses that have closed to comply with government orders will continue to be denied access to this critical lifeline to support their employees,” Miller concluded.casino near me casino near me””But on Monday, Mnuchin stated, “There are such things as small taverns and restaurants that have literally, small gaming things, and we are coming out with some additional guidance on that.” At “Ba3” on the Moody’s scale, the gaming company has the lowest of the three “Ba” ratings and is just one notch above “B” status – grades that carry high credit risk.online gambling video poker

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is one casino legitSmall businesses are able to receive forgivable loans up to million through the Small Business Administration so long as at least 75 percent of the money is used to continue paying employees.“I’ll look at it,” Trump said in response to why smaller casinos in Nevada and elsewhere are being rendered ineligible.org.evastating” consequences for the city.Small casinos, such as the numerous gaming properties in Deadwood, are not eligible for payroll assistance from the federal government during the coronavirus pandemic.But that confirmation came with a “negative” outlook, indicating the Mirage operator isn’t yet out of the woods when it comes to a downgrade.is las atlantis casino legit