$2trn Coronavirus Bill Makes Billions In Loans Available To U.S. Gaming Companies

  • President Trump signs stimulus bill making $450bn in loans available to gaming and other industries
  • Penn National Gaming sells Tropicana Las Vegas, furloughs 26,000 employees
  • MGM Resorts believes $3.9bn in cash will allow the company to weather the pandemic

The $2.2trn stimulus package signed by President Trump on Friday provides relief for the troubled U.S. gaming industry, as several states extend shutdown orders leaving casino companies to update their business strategies.

“The emergency economic relief arrives at a critical moment,” Bill Miller, CEO and president of the American Gaming Association (AGA), said in a note to the organization’s members.

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