gold coast casino cornerstoneDina Titus (D-Nevada), who chairs the Congressional Gaming Caucus, celebrated the amendments to the PPP.I promised Nevadans that we would get this fixed, and today we made good on that promise,” Titus said. he said.The Union Gaming analyst has a “buy” rating on Monarch stock, with a price target of , implying upside of 45 percent from Thursday’s close.But this week, Congress approved an additional 0 billion in payroll protection.Gaming Leaders RejoiceUS Rep. draftkings casino lobback promotionAfter 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. Businesses that received illegal gaming revenue remain categorically ineligible.”The SBA continued, “On further consideration, the Administrator, in consultation with the Secretary, believes this approach is more consistent with the policy aim of making PPP loans available to a broad segment of US businesses.”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. free 5 dragon slot games

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treasure island hotel and casino ownerThat indicates investor demand for gaming commercial paper is robust.The Company intends to use the net proceeds from the offering of the notes for general corporate purposes, including, without limitation, further increasing its liquidity position,” according to a statement.With gaming companies contending with what is nosanta ana casino seafood buffetw an extended zero revenue environment, investors are increasingly cognizant of operators’ cash positions. But this week, Congress approved an additional 0 billion in payroll protection.Gaming Leaders RejoiceUS Rep. Small casinos are now eligible for the federal government’s Payroll Protection Program. free casino slot games play for funhe said.The Union Gaming analyst has a “buy” rating on Monarch stock, with a price target of , implying upside of 45 percent from Thursday’s close.Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations. The people who work at these small businesses can finally get some relief.”Miller was a bit kinder to the White House: “I’m grateful to President Trump and his administration for recognizing that commercial and tribal gaming industry employees deserve the same support available to other small businesses, and for the significant, sustained efforts of members of Congress to amplify the need for changes to the guidelines to get small gaming operators and their employees through this challenging tsanta ana casino seafood buffetime.”Guideline ChangeThe Small Business Administration’s latest note regarding PPP includes the question, “Are businesses that receive revenue from legal gaming eligible for a PPP loan?”The answer: “A business that is otherwise eligible for a PPP Loan is not rendered ineligible due to its receipt of legal gaming revenues. free cashman slots

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live casino rewards(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. 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. 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. But this week, Congress approved an additional 0 billion in payroll protection.Gaming Leaders RejoiceUS Rep. Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations. Small casinos are now eligible for the federal government’s Payroll Protection Program. turtle creek casino wi