{"id":132548,"date":"2020-04-09T01:11:00","date_gmt":"2020-04-09T08:11:00","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=132548"},"modified":"2020-04-09T10:30:40","modified_gmt":"2020-04-09T17:30:40","slug":"trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/","title":{"rendered":"Trump Investigates Why SBA Bars Casino Loans, Nevada Rep. Lee Fears ‘Countless’ Bankruptcies"},"content":{"rendered":"

President Donald Trump told reporters on Wednesday that he\u2019d check into issues with smaller casinos not qualifying for federal small business loans that were included in the recent COVID-19 relief package.<\/p>\n

\"Trump
President Donald Trump, seen here at a Tuesday video conference with bankers to discuss loans for small businesses, said Wednesday he would look into why small gaming companies can’t qualify for COVID-19 relief loans. (Image: Shealah Craighead\/White House)<\/figcaption><\/figure>\n

The remarks from the president, a former casino owner himself, come a week after the Small Business Administration (SBA) established guidelines for the $349 billion Paycheck Protection Program (PPP)<\/a>, which allows small businesses with 500 or fewer employees to receive a loan of up to $10 million.<\/p>\n

The loan principal would be forgiven if 75 percent was used to pay employees while businesses were closed because of the COVID-19 outbreak. Remaining funds could also be used to pay utility bills and other business costs.<\/p>\n

When the SBA established its criteria, it used nearly 25-year-old guidelines to determine eligibility. Those rules exclude companies that derive more than a third of their revenues from gaming.<\/p>\n

Trump specifically was asked about smaller casinos in Nevada. But the issue is prevalent across the country. He said Wednesday he had not been made aware of the issue.<\/p>\n

\u201cI\u2019ll look at it. It\u2019s a great state,\u201d <\/strong>Trump said about the Silver State. \u201cThey do a great job, so I\u2019m going to look at it very strongly. I understand what they mean.\u201d<\/strong><\/p>\n

Before Wednesday, Trump had been touting the PPP loans as a way to help small businesses stay afloat and get in a better position for growth once the COVID-19 outbreak wanes. He\u2019s also called on Congress to allocate more funding for the first-come, first-served program in the next relief\/stimulus bill they consider.<\/p>\n

AGA CEO Miller Urges Trump’s Involvement<\/h2>\n

The president\u2019s remarks came on the same day as American Gaming Association<\/a> President and CEO Bill Miller urged Trump to get involved and address what he called a \u201cdiscriminatory policy\u201d against small gaming companies.<\/p>\n

Without the loans, these companies would be forced to lay off workers during the extended shutdown instead of keeping them on board.<\/p>\n

Individuals who are laid off will otherwise be pushed into unemployment assistance and Medicaid,\u201d Miller wrote. \u201cNot only are workers better off when they remain connected to their employer, this approach has long-term benefits to our economy. The dislocation costs associated with widespread unemployment are severe. Maintaining employees on payroll avoids rehiring complications, saves on future training costs, and increases productivity, which is essential to a faster economic recovery.\u201d<\/p><\/blockquote>\n

After hearing Trump\u2019s comments early Wednesday evening, Miller went to Twitter to thank the President for his \u201cleadership and commitment\u201d to helping small gaming businesses in 43 states get access to the funding.<\/p>\n

Nevada Bars, Restaurants Affected by SBA Ruling<\/h2>\n

Miller also shared several letters that members of Congress representing gaming interests have sent to SBA Administrator Jovita Carranza and other members of Trump\u2019s cabinet since lawmakers passed the CARES Act, the $2.2 trillion COVID-19 relief package<\/a> that included the PPP loan initiative, last month.<\/p>\n

That included a letter US Rep. Susie Lee (D-Nevada) wrote to Carranza and Treasury Secretary Steven Mnuchin on Tuesday.<\/p>\n

\n

In that letter, Lee, who represents the tip of Nevada south of Las Vegas, said video poker machines are a necessity for most independent bars and restaurants in her district. Those businesses, like the major casinos and other entertainment attractions, have been forced to close.<\/p>\n<\/div>\n

\u201cFor the SBA to take the position that these small businesses are not eligible for needed aid because of their involvement in the gaming industry belies the economic realities of their location and will doom countless small businesses to bankruptcy,\u201d she wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump told reporters on Wednesday that he\u2019d check into issues with smaller casinos not qualifying for federal small business loans that were included in the recent COVID-19 relief package. The remarks from the president, a former casino owner himself, come a week after the Small Business Administration (SBA) established guidelines for the $349 […]<\/p>\n","protected":false},"author":45,"featured_media":132549,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810],"tags":[],"acf":[],"yoast_head":"\nTrump to See Why SBA Bars Small Casinos from COVID-19 Loan Program<\/title>\n<meta name=\"description\" content=\"Trump's commitment comes as lawmakers and the American Gaming Association have questioned why the SBA bars gaming companies from a $349M loan program.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump to See Why SBA Bars Small Casinos from COVID-19 Loan Program\" \/>\n<meta property=\"og:description\" content=\"Trump's commitment comes as lawmakers and the American Gaming Association have questioned why the SBA bars gaming companies from a $349M loan program.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-09T08:11:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-09T17:30:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/49750414702_8fc7dd7515_k.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Bittenbender\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Bittenbender\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/\",\"url\":\"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/\",\"name\":\"Trump to See Why SBA Bars Small Casinos from COVID-19 Loan Program\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/49750414702_8fc7dd7515_k.jpg\",\"datePublished\":\"2020-04-09T08:11:00+00:00\",\"dateModified\":\"2020-04-09T17:30:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/eb30e765d812fc9b38b333f8d13068b2\"},\"description\":\"Trump's commitment comes as lawmakers and the American Gaming Association have questioned why the SBA bars gaming companies from a $349M loan program.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/49750414702_8fc7dd7515_k.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/49750414702_8fc7dd7515_k.jpg\",\"width\":2048,\"height\":1365,\"caption\":\"(Image: Shealah Craighead\/White House)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gaming Business\",\"item\":\"https:\/\/www.casino.org\/news\/gaming-business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Trump Investigates Why SBA Bars Casino Loans, Nevada Rep. Lee Fears ‘Countless’ Bankruptcies\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/eb30e765d812fc9b38b333f8d13068b2\",\"name\":\"Steve Bittenbender\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-7-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-7-1-96x96.png\",\"caption\":\"Steve Bittenbender\"},\"description\":\"Steve Bittenbender covers Midwest and Gulport news for Casino.org. He also specializes in sports betting and horse racing. Steve is a veteran reporter and brings more than two decades of experience covering sports, business and politics. He joined Casino.org in 2019. Steve has also covered major collegiate and professional sports for the Associated Press and the Louisville Courier-Journal and is frequently featured on local network TV newscasts and podcasts for his horse racing business and legislative expertise. A Reuters contributor, he has also previously served as editor for Government Security News. Steve lives in Louisville, Kentucky -- the epicenter of the US horse racing industry -- with his wife and son. He is also an avid poker player, having learned from his uncle as a wholesome after-school pastime with cookies and milk. Contact Steve at stevebittenbender@casino.org.\",\"url\":\"https:\/\/www.casino.org\/news\/author\/steve-bittenbender\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trump to See Why SBA Bars Small Casinos from COVID-19 Loan Program","description":"Trump's commitment comes as lawmakers and the American Gaming Association have questioned why the SBA bars gaming companies from a $349M loan program.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/","og_locale":"en_US","og_type":"article","og_title":"Trump to See Why SBA Bars Small Casinos from COVID-19 Loan Program","og_description":"Trump's commitment comes as lawmakers and the American Gaming Association have questioned why the SBA bars gaming companies from a $349M loan program.","og_url":"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-04-09T08:11:00+00:00","article_modified_time":"2020-04-09T17:30:40+00:00","og_image":[{"width":2048,"height":1365,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/49750414702_8fc7dd7515_k.jpg","type":"image\/jpeg"}],"author":"Steve Bittenbender","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Steve Bittenbender","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/","url":"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/","name":"Trump to See Why SBA Bars Small Casinos from COVID-19 Loan Program","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/49750414702_8fc7dd7515_k.jpg","datePublished":"2020-04-09T08:11:00+00:00","dateModified":"2020-04-09T17:30:40+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/eb30e765d812fc9b38b333f8d13068b2"},"description":"Trump's commitment comes as lawmakers and the American Gaming Association have questioned why the SBA bars gaming companies from a $349M loan program.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/49750414702_8fc7dd7515_k.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/49750414702_8fc7dd7515_k.jpg","width":2048,"height":1365,"caption":"(Image: Shealah Craighead\/White House)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/trump-to-see-why-sba-bars-small-casinos-from-covid-19-loan-program\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Gaming Business","item":"https:\/\/www.casino.org\/news\/gaming-business\/"},{"@type":"ListItem","position":3,"name":"Trump Investigates Why SBA Bars Casino Loans, Nevada Rep. Lee Fears ‘Countless’ Bankruptcies"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/eb30e765d812fc9b38b333f8d13068b2","name":"Steve Bittenbender","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-7-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-7-1-96x96.png","caption":"Steve Bittenbender"},"description":"Steve Bittenbender covers Midwest and Gulport news for Casino.org. He also specializes in sports betting and horse racing. Steve is a veteran reporter and brings more than two decades of experience covering sports, business and politics. He joined Casino.org in 2019. Steve has also covered major collegiate and professional sports for the Associated Press and the Louisville Courier-Journal and is frequently featured on local network TV newscasts and podcasts for his horse racing business and legislative expertise. A Reuters contributor, he has also previously served as editor for Government Security News. Steve lives in Louisville, Kentucky -- the epicenter of the US horse racing industry -- with his wife and son. He is also an avid poker player, having learned from his uncle as a wholesome after-school pastime with cookies and milk. Contact Steve at stevebittenbender@casino.org.","url":"https:\/\/www.casino.org\/news\/author\/steve-bittenbender\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/132548"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=132548"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/132548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/132549"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=132548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=132548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=132548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}