AGA urges President Trump to amend Paycheck Protection Program

American Gaming Association (AGA) president and chief executive Bill Miller has written directly to US President Donald Trump, urging him to amend the Small Business Administration’s (SBA) Paycheck Protection Program (PPP)  to include gaming businesses.

The PPP is one element of the Coronavirus Aid, Relief and Economic Security (CARES) Act that was signed into law on 27 March, aiming to make $349bn in loans available to small businesses impacted by the novel coronavirus (Covid-19).

However, Miller and the AGA have raised concerns that the scheme does not apply to gambling companies. Rules attached to the PPP state businesses “deriving more than one-third of gross annual revenue from legal gambling activities” are ineligible for the loans.

The AGA this week aired its concerns in a letter to the SBA and US Department of Treasury, but Miller has now taken this a step further by reaching out directly to President Trump.

Read the full story on iGB North America.