choctaw casino concerts 2021(Image: Elk Valley Casino)Under the .2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP. For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .01 million. Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations. chumba casino visa gift cardWall Street was expecting earnings of 29 cents on turnover of .34 million.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.”The company is trying to get a temporary certificate of occupancy from the town of Black Hawk. Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.That updated conditions still excluded many small casinos throughout the country. Small casinos are now eligible for the federal government’s Payroll Protection Program. xbet casino no deposit bonus 2021

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twin river casino unionMonarch Casino & Resort (NASDAQ:MCRI) is 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. 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.A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling. “We need to see more progress, and more slowing, before we can begin those considerations.”harrah s casino careersThose in favor of liquidating casino property holdings argue operators aren’t real estate companies, and selling property creates a near-term influx of capital while moving risk off the balance sheet. 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. 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 ored stag casino no deposit bonus codef what are usually lengthy leases.Dealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus. roulette casino usa

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bellagio casino online contact numberFor the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .01 million. Small casinos are now eligible for the federal government’s Payroll Protection Program. Monarch Casino & Resort (NASDAQ:MCRI) is 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. I am not in a position yet to begin reopening our state and jump-starting our economy,” the governor continued. 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.A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling. Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.That updated conditions still excluded many small casinos throughout the country. little river casino gambling age