Smaller Gaming Establishments Allowed Access to Paycheck Protection Funds

Previous Rules Had Barred Such Places From Getting Aid

Mitch Kelly
April 24, 2020 - 9:03 am

LAS VEGAS, NV (KXNT) - On Friday, the Trump Administration said it would allow smaller gaming establishments - those with fewer than 500 employees - access to funds from the Paycheck Protection Program (PPP). The funds will be used to help maintain employee payrolls after businesses were forced to shut down due to the coronavirus pandemic..

Under the old rules, establishments would not be allowed to access funds if more than a third of the business' revenue was derived from gaming.

Nevada Senators Jacky Rosen and Catherine Cortez-Masto applauded the move, releasing a statement that read, 

“Nevada’s gaming sm​all business community is a vital part of our state’s economy, and they deserve the same access to federal aid as any other legal business,” said the Senators. “We are glad to see that our calls for reform were answered and this much-needed step is being taken to provide gaming small businesses in Nevada and across the country access to financial support and aid during this difficult time. We will continue working to protect the health and economic well-being of our state.”

The Senate on Thursday added an additional $310 billion in funds to the program after the initial allocation of $350 billion quickly ran dry.