The Latest in ppp
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Business

Estimated 90% of Endurance Sports in Could Go Bankrupt Due to COVID-19

An estimated 90% of all endurance sports businesses in the United States are threatened by bankruptcy, putting a $3 billion+ industry at risk. Endurance Sports Threatened by Pandemic with 500 Jobs on the Line The coronavirus outbreak may be endurance sports own Achilles heel with 80% of all endurance event operators in the United States […]
Estimated 90% of Endurance Sports in Could Go Bankrupt Due to COVID-19
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Legal

PPP Fraud Investigation, Man Detained without Bond

The US Attorney’s Office in Central District of California announced Thursday a man alleged of bank fraud related to the Paycheck Protection Scheme (PPP) of the Coronavirus Aid, Relief, and Economic Security /CARES/ Act was detained without bond, pending court hearing on Tuesday. Andrew Marnell, a 40-year-old resident of Beverly Grove neighborhood in California who […]
PPP Fraud Investigation, Man Detained without Bond
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Business

AGA Approves of SBA Proposed Changes to Aid Gambling SMEs

Finally, an amendment has been introduced by SBA which would allow small gambling businesses to weather the COVID-19 lockdown and receive federal funding. The Latest PPP Changes Finally Get Approval from AGA Following weeks of pressure and debates, the Small Business Administration (SBA) finally agreed to revise the Paycheck Protection Program (PPP) on Friday, April […]
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Casino

Updated PPP Will Need Further Changes, Advises AGA

Bill Miller, AGA CEO comments on the most recent guidelines regarding the Paycheck Protection Program. CEO Bill Miller Comments on the Updated PPP Bill Miller CEO of American Gaming Association (AGA) commented on the release of the updated guidelines for the regulation of the Paycheck Protection Program (PPP). The CARES act (Coronavirus Aid, Relief and […]
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Legal

AGA Turns to SBA to Amend PPP’s Interim Guidelines to Allow Small Gaming Companies Access

The American Gaming Association /AGA/, the US gaming industry representative body, has expressed its concerns regarding some of the eligibility rules related to one section of the $2 trillion Coronavirus Aid, Relief, and Economic Security /CARES/ Act, the Paycheck Protection Program /PPP/, valued at $349 billion. Under PPP, small businesses that have up to 500 […]