Congress measures will help gambling

Some encouragement for the US gambling industry comes from the US Congress passing bipartisan legislation to support businesses.

The move will bring relief to the struggling gaming industry in face of the increasing infection rate in the US. American Gaming Association CEO Bill Miller said: “After months of legislative gridlock, it is encouraging that leaders were able to set aside their partisan differences to deliver some much-needed relief before the end of the year.”

While the outcome does not address the gaming industry’s most critical needs, Miller said that the legislation does include some of the AGA’s shopping list, such as expansion of the CARES Act Employee Retention Tax Credit, extension of the Coronavirus Relief Fund availability for tribes to the end of next year and restoration of full deductability for business meals in 2021 and 2022.

“Clearly, much work remains to be done in Congress to urgently address the many economic challenges facing our nation and our industry.”

The AGA continues to campaign for additional tax relief to save jobs, liability protections to advance responsible reopening, incentives for reviving travel and tourism and further support for tribal nations.