Based on the letter sent to President Trump last week, President and CEO Bill Miller of the American Gaming Association (AGA) has now issued a statement about the updated provisional regulatory guidelines for the Paycheck Protection Program (PPP).
The updated regulatory guidelines released by the Small Business Administration (SBA) are designed to allow additional small businesses to participate in the Paycheck Protection Program (PPP) which derive revenue from legal gaming.
With this being said, and despite Miller agreeing this the reforms reflect a degree of development, the chairman and CEO of the AGA has the amendments as falling ‘woefully short.’
He stated: “While these changes represent some progress, they fall woefully short of fully addressing antiquated, discriminatory policies that have, to date, restricted small gaming companies from accessing critical loan support made available through the CARES Act.
“As a result of this half-measure, small gaming businesses that have closed to comply with government orders will continue to be denied access to this critical lifeline to support their employees.
“The American Gaming Association (AGA) is grateful for the leadership of a significant group of bipartisan, bicameral members of Congress who have advocated tirelessly for equal treatment of small commercial and tribal gaming operations in their communities.
“As Congress seeks to put additional resources behind the PPP, we look forward to working with them to make it clear that ‘we are all in this together’ by rejecting the SBA’s dangerous view that gaming employees don’t deserve assistance during this unprecedented crisis.
“The AGA will continue to strongly advocate for relief that supports the displaced gaming workforce and gaming companies of all sizes through this crisis.”
The new statement issued by the AGA chief, which you can read in full here, builds on his previous address to President Trump in which he urged the White House to interfere urgently with the SBA’s PPP.
In addition, the recent statement also builds on Miller’s initial PPP criticism in which he warned of irreparable harm likely to be done to the ‘U.S.’ As a result of the rules, the casino industry and the hundreds of thousands of Americans who depend on gaming companies for their living.