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riverwind casino concerts 2021Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.Atlantis owner Monarch Casino could be a regional gaming winner.Now, the SBA says it doesn’t matter how much a small business makes from legal gaming.brian christopher slots most recent group pullMonarch 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.The Union Gaming analyst has a “buy” rating on Monarch running aces casino slot machinesstock, with a price target of , implying upside of 45 percent from Thursday’s close.After 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.harrah s casino maricopa

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borgata casino covid 19Dealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus.(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.(Image: Elk Valley Casino)Under the .Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.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.Now, the SBA says it doesn’t matter how much a small business makes from legal gaming.valley forge casino wiki