USA Casino Businesses to Get Loans to Cover Payrolls, Trump Declares

The US President Donald Trump made a declaration on Wednesday that his government will look into the concerns raised by small casino businesses to give them permission so that they can have access to emergency loan design that will cover the payroll as the global pandemic rages on.

After being asked about how he will assist small casino businesses in America, the USA President said,

“I will take a look at that strongly, nobody told me about it”.

Nevertheless, the member of the Nevada Congressional delegation highlighted the issue. Their aim as an organisation is to make sure that all casinos in the USA are operating well. This include both Online casino and land-based casinos.

The Nevada Congressional Delegation Letter on Casino Businesses

To air their concerns the Nevada Congressional Delegation wrote a letter to the House and Senate Leadership to address the issues that small casino businesses are facing during this lockdown period.

Many of our casinos — including hotels — are small businesses, and they employ many tens of thousands of employees across our state, making up the backbone of Nevada’s economy. These small businesses are located in both our large urban areas and rural communities. Furthermore, many Nevada small businesses such as restaurants, bars, grocery stores, and convenience stores operate gaming equipment and derive revenue from it.

Nevertheless, most video poker and slot machines are usually available in small stores around the state of Nevada. And most of the casino businesses have indicated that they have been excluded from the loan facility as well. Therefore, it would have been great for these businesses to be eligible for the loans.

The Senator Response to Casino Business in USA

The senator to the president trump’s office made a response in regards to the cries that have been made about the loans for small casino businesses in the United States of America.

This is one of the responses that will allow Donald Trump to have a serious look and consideration into this matter. The online gambling industry contribute a lot to the economy of the country and its collapse will surely be felt. And to avoid that, action should be taken right now.

While there is no statutory mandate from Congress to exclude size-eligible gaming operations from receiving SBA assistance such as disaster loans, SBA regulations and standard operating procedures have previously precluded entities that receive more than one-third of their gross annual revenue from legal gambling activities from receiving these SBA loans

The Gambling Industry Contribution to USA Economy

The gambling industry play a huge role in boosting the US economy and it is not a surprise they are appealing for emergency loans so that they can sustain their businesses. They surly know their worth in the USA economy.

The USA gambling industry contributed $261.1 billion to the American economy in 2017 financial report. Nevertheless, the gambling industry as also offer 1,8 million jobs.

Conclusion

Above all, there was no response to the CQ roll by the Treasure and there was no any response by most businesses in line with gambling and gaming operation before the president’s press conference.

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