Rep. Susie Lee pushed for small casino loans and her husband’s company got two

A story — first reported by 360newslasvegas.com on the day before primary election day — about how Nevada Democratic Rep. Susie Lee pushed for federal pandemic loans for small casinos, resulting in her husband’s company getting two such loans worth $5.3 million, doesn’t seem to be getting much traction in the rest of the Nevada media.

The account reports, according to a filing with the Securities and Exchange Commission, Lee’s husband Daniel Lee, the CEO of Full House Resorts, used the funds to rehire several hundred employees at two of his casinos, the Rising Star Casino Resort in Indiana and Bronco Billy’s Casino in Colorado, but not at its casinos in Nevada.

The story does quote a Lee spokesperson as saying, “She had no influence over the decision to file the application, and she had no influence over whether or not that application was approved or denied. The conditions and details under which Full House Resorts received its PPP loan are entirely between Full House Resorts and regulators.”

Without the change in loan eligibility, there would have been no such loans.

On primary election day, The Daily Beast reported that Lee and her husband’s finances were hard hit by the coronavirus shutdown of casinos.

The online media reports that Full House laid off or furloughed nearly its entire staff and its stock price fell by more than 83 percent, from $3.59 per share to just $0.53.  According to Rep. Lee’s personal financial disclosure filing covering 2018 through early 2019, the couple owned millions of dollars in Full House stock and stock options.

Since the loans, the stock is now priced at $1.80.

Rep. Susie Lee (Pix at 360newslasvegas)

5 comments on “Rep. Susie Lee pushed for small casino loans and her husband’s company got two

  1. Foundation for Accountability and Civic Trust asks Congress to investigate whether Lee’s actions amounted to a conflict of interest. https://www.foxnews.com/politics/fact-susie-lee-complaint-casinos?fbclid=IwAR0mRndSvTnJP5Kb_MpJmTkX23_MzRYjiTT5r6rolh1SE5elL8kIuNwDe7w

  2. Anonymous says:

    This is lol very interesting but I’m wondering Thomas why the Trump administration is escaping your insightful eye?

    Just recently, after distributing these “small” business loans, under what conditions they only know; because we peons sure aren’t entitled to don’t you know? Trumps minions surprised everyone when they told us that the identities of the companies that received these $500,000,000,000.00 in taxpayer dollars, were PROPRIETARY INFORMATION.

    Can you believe that Thomas? I mean, other than apparently disclosing information that might make a democratic lawmaker come underr scrutiny, this administration (most transparent in history dare we say?) is telling you and me that they can’t release the information about who received the loans because they own them. That’ll piss you off right? Course this is the same group that immediately after signing the legislation that REQUIRED certain safeguards be put in place, signed signing statements saying that they were going to IGNORE all those requirements and give the money out to whomever they wanted, in return for whatever favor Trump could squeeze, and make forgiveness of the loan conditional on whatever they decided was appropriate.

    But luckily we did get the lowdown about a local democratic politician so that’s something.

    https://news.google.com/articles/CAIiEJEmHeSGDxDCLoZLKh_ZjF0qGQgEKhAIACoHCAow4Zn5CjCu8uACMLTRlgY?hl=en-US&gl=US&ceid=US%3Aen

  3. Anonymous says:

    So it’s “Revenge Corruption”?

  4. The information about these loans came from SEC filings, but, yes, the SBA should reveal the loans.

  5. […] Rep. Susie Lee pushed for small casino loans and her husband’s company got two A story — first reported by 360newslasvegas.com on the day before primary election day — about how Nevada Democratic Rep. Susie Lee pushed for federal pandemic loans for small casinos, resulting in her husband’s company getting two such loans worth $5.3 million, doesn’t seem to be getting much traction in the rest of the Nevada media. […]

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