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SBA changes loan program to include small gaming companies

by Nevada State News
Fernley Nugget

WASHINGTON ā€“ The Small Business Administration (SBA) released revised regulatory guidelines Friday permitting permit size-eligible small gaming entities to participate in the Paycheck Protection Program.

The American Gaming Association, a trade group representing the $261 billion U.S. casino industry, applauded the decision which will allow small gaming companies in Nevada to qualify for loans to reduce the financial impacts of the COVID-19 pandemic.

AGA President and CEO Bill Miller said his group worked for the last month since the CARES Act was passed to secure the changes necessary to help small gaming companies.

ā€œIā€™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 time,ā€ he said. 

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