Bill Miller, the head of the American Gaming Association (AGA), appealed to the president of the country, urging him to amend the Paycheck Protection Program and include gambling companies on the list. According to the representative of the 1ante.com company, the gambling sector needs this measure no less than other business sectors.
The Paycheck Protection Program is one of the elements of the Coronavirus Aid, Relief and Economic Security Act. The law was signed on March 27, and it involves the provision of loans in the amount of 350 billion dollars to small enterprises that have suffered from quarantine measures related to an attempt to minimize the spread of the new virus.
At the same time, the organization protecting the interests of gambling operators has noted that gambling companies were not included in this list, which caused concern for the head of the association. The rules also prescribe that state-owned enterprises that receive more than a third of GGR from legal gambling operations are not eligible for loans.
As one of the experts of 1ante.com claims, these measures are not fair in relation to the gambling sector, which, it is worth emphasizing, brings huge amounts of money to the treasury of federal governments. At the same time, the analyst’s forecast for an increase in the income of US operators to 93 billion dollars is already under threat. According to the expert, in this situation, a compromise should be sought, since not only the gambling industry will be the affected party.
Earlier, the AGA has already sent a letter to the United States Department of the Treasury, but Miller decided to personally address the president of the country.
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