clearwater casino keno2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling.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.mohegan sun casino ct restaurantsThe initial 9 billion in PPP funding has already been exhausted.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.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.ruby slots promo

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casino utah“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.For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .01 million.intertops casino free chip no depositSmall 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.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.104th turtle creek casino michigan open

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lake tahoe casino hotel roomsNow, the SBA says it doesn’t matter how much a small business makes from legal gaming.Atlantis owner Monarch Casino could be a regional gaming winner.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.“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.Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.Selling real estate to boost cash holdings is common in the gaming industry.play casino poker online free