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Casinos ask Congress for emergency aid as coronavirus toll sweeps industry
thehour.com ^ | 3/16/20 | Jeff Stein, Rachel Siegel and Jonathan O'Connell

Posted on 03/17/2020 3:19:47 AM PDT by a little elbow grease

Casinos have joined the airline industry in asking Congress for emergency financial help as Las Vegas and other tourist destinations take a severe financial hit from the coronavirus outbreak.

The requested aid for the casino companies, raised by lobbyists in recent days, could come in the form of a comprehensive bailout package, similar to what lawmakers may provide to airlines, cruise companies and the hospitality industry. Other possibilities include direct cash payments, deferred taxes, or special bankruptcy protections, said two people with knowledge of the conversations, who were not authorized to speak publicly.

One person said that on a strategy call Monday with members of the American Gaming Association, which represents the industry, a representative of Wynn Resorts raised the possibility of the industry seeking cash payments.

(Excerpt) Read more at thehour.com ...


TOPICS: Constitution/Conservatism; Crime/Corruption; Government; Miscellaneous
KEYWORDS: bailout; casinos; coronavirus; covid19; debt; deficit
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To: a little elbow grease

The Mafia begging for a government bailout? What would Don Carleone say to that?


21 posted on 03/17/2020 7:14:53 AM PDT by Moltke (Reasoning with a liberal is like watering a rock in the hope to grow a building.)
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To: a little elbow grease

If these companies and businesses want aid, they need to go after the Chi-coms for creating this situation, and for the media being complicit in it.


22 posted on 03/17/2020 7:59:15 AM PDT by mass55th ("Courage is being scared to death, but saddling up anyway." ~~ John Wayne)
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To: ping jockey
If this happens we, as a nation, deserve every bit of pain that’s coming. Bail out Casinos? .... give me a break.

_______________

Honestly.

23 posted on 03/18/2020 2:09:24 AM PDT by a little elbow grease (... to err is human, to admit it unusual...)
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To: KobraKai
It’s ridiculous I even have to read a headline like this!

___________________

ME TOO!!!

I fear for this country!!

24 posted on 03/18/2020 2:15:38 AM PDT by a little elbow grease (... to err is human, to admit it unusual...)
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To: sergeantdave; JonPreston
It’s recommended that families have a reserve cash emergency fund that will carry them for three months. If casinos haven’t prepared an emergency fund, they can go under.

Something better will take their place.

__________________________

LOL

"Something better will take their place."

.......... how's that?

25 posted on 03/18/2020 2:22:03 AM PDT by a little elbow grease (... to err is human, to admit it unusual...)
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To: hadaclueonce
I remember Saint Obama telling America to not go to Las Vegas.

_________________

Good for The Messiah.

26 posted on 03/18/2020 2:23:28 AM PDT by a little elbow grease (... to err is human, to admit it unusual...)
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To: ping jockey
If this happens we, as a nation, deserve every bit of pain that’s coming. Bail out Casinos?

give me a break.

___________________________________

... where's the love?

;-)

27 posted on 03/18/2020 2:24:44 AM PDT by a little elbow grease (... to err is human, to admit it unusual...)
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To: a little elbow grease

We’ve lost our casinos? Not everything that’s coming is bad...


28 posted on 03/18/2020 2:55:03 AM PDT by JonPreston
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To: JonPreston

lol................ you are the dude.


29 posted on 03/18/2020 4:45:32 AM PDT by a little elbow grease (... to err is human, to admit it unusual...)
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To: txrefugee
Casinos are not essential to anything.

_____________________

no kidding

30 posted on 03/18/2020 6:06:46 AM PDT by a little elbow grease (... to err is human, to admit it unusual...)
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