2024.07.12
borgata casino update“We need to see more progress, and more slowing, before we can begin those considerations.”Small casinos are now eligible for the federal government’s Payroll Protection Program. 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. silver oak casino sign up bonusFor the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .01 million. Its Atlantis in Reno has been shuttered for more than a month, and the same is true of the company’s Centennial State property.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. Small casinos are now eligible for the federal government’s Payroll Protection Program. santa ana casino christmas events four winds casino concertsoxford casino hotel room ratesAtlantis owner Monarch Casino could be a regional gaming winner. Atlantis owner Monarch Casino could be a regional gaming winner. “We need to see more progress, and more slowing, before we can begin those considerations.”online casino poker gamblingThose 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. “We need to see more progress, and more slowing, before we can begin those considerations.”Atlantis owner Monarch Casino could be a regional gaming winner. riverwind casino crab legs blackjack online calculatorgold coast casino developmentMonarch 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. But analysts are divided on whether the moves are practical. (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. Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations. 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. Now, the SBA says it doesn’t matter how mseneca niagara casino parking garageuch a small business makes from legal gaming.“In the nearly one month since the CARES Act was enacted to provide economic relief to blunt the impact of the COVID-19 pandemic, the American Gaming Association and our allies have fought tirelessly to correct the Small Business Administration’s antiquated policy that precluded gaming companies from qualifying for loans through the Paycheck Protection Program,” said AGA President Bill Miller.“We are pleased that the new regulatory guidelines free slot games unblocked is the borgata casino on the boardwalk |