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    AGA Update on Revised Rules Expanding Gaming’s Access to Small Business Loans

    Industry Update
    April 24, 2020

    AGA President and CEO Bill Miller sent the following industry update on April 24, 2020.

    The American Gaming Association (AGA) and our industry allies have fought tirelessly over the last month to correct the Small Business Administration’s (SBA) antiquated policy that precluded gaming companies from rightfully qualifying for needed relief. Today, the SBA released revised regulatory guidelines that allow all size-eligible gaming entities to participate in the Paycheck Protection Program. We are pleased that the rules released today make small gaming companies eligible for this critical CARES Act relief program.

    I’m grateful to President Trump and the administration for recognizing that commercial and tribal gaming industry employees deserve the same support available to other small businesses. This wouldn’t have been possible if it were not for the significant, sustained efforts of members of Congress to amplify the need for changes to the guidelines to get small gaming operators and their employees through this challenging time.

    Importantly, Congress approved $310 billion in new funding to refresh the Paycheck Protection Program and an additional $174 billion in resources for small businesses, hospitals, and testing programs, which President Trump just signed into law.

    Policymakers plan to reconvene in early May to consider a fourth COVID-19 relief package and we are working diligently to communicate gaming’s priorities. At the same time, the AGA is working with our member companies on resources and information to guide reopening efforts when it is safe and healthy to do so.

    As always, we’ll keep you updated with the most relevant information and tools via email and on AmericanGaming.org. Stay healthy and be safe.

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