Full House Resorts Inc, public casino operator receives PPP Funds
Friday 15th May 2020
Casino Developer Joins Now Over 500 Publicly Traded Companies Awarded SBA PPP Money
The latest Securities and Exchange Commission filings show 26 additional publicly traded companies secured over $56 million in SBA Paycheck Protection Program (PPP) funds meant for struggling small businesses on main street, including at least two businesses with more than 500 employees. Today's filings also mark more than 500 publicly traded companies that have been granted Coronavirus PPP funds, totaling over $1.5 billion in taxpayer assistance. Among the latest beneficiaries is Full House Resorts Inc., which "develops, owns, operates and manages casinos" and is planning to open its Las Vegas properties next week. The company obtained a $5.6 million forgivable loan after reporting over 1,500 employees and an executive payout of $1.3 million last year.