The American Gaming Association has warned the casino industry not to expect additional financial relief until after the elections in November.
Casinos to Receive Further Economic Stimulus Only After Elections
With the casino industry suffering gigantic losses across the United States, the promise of federal aid has been welcomed by businesses and the industry’s trade body, the American Gaming Association (AGA).
However, AGA government relations official Chris Cylke has warned casinos not to get their hopes high before the elections. According to Cylke, the current electoral climate makes it difficult to negotiate quick relief funds for the sector.
The government already acted once this year when it voted, approved and then amended the CARES Act to expand coverage to casino businesses. Yet, without additional help right now, Cylke says that casinos find themselves in a “stimulus purgatory.”
Lawmakers are split on whether more money should be coughed up for the industry. Some Congressmen agree that further financial aid is necessary whereas others baulk at the idea. Either way, Senate Majority Leader Mitch McConnell has too hinted that lawmakers are unlikely to finalize a stimulus deal until after the elections.
Bipartisan Support for Casino Recovery
The Democrats and Republicans are also pushing for different numbers. The GOP wants to allocate $1.8 trillion whereas the Democrats want to see $2.2 trillion allocated to the economy for relief efforts, similar to the CARES Act.
Cylke wasn’t too specific about what type of support the casino industry needs to bounce back. Already, casinos have begun reopening and