BATAVIA — Western Regional Off-Track Betting Corporation directors Thursday approved the exclusion of about $3.1 million from its revenue for this year after being told the corporation’s Paycheck Protection Program (PPP) loan had been forgiven.
The amount the corporation received April 30, 2020 was $3,151,700, which it used to pay for various expenses, including normal compensation to employees, according to the resolution the board passed. WROTB used the entire loan amount during 2020 and was told on June 28 of this year that the loan had been forgiven, the board said in the resolution.
“This is a good thing for the company. It (the loan) came at a perfect time,” WROTB and Batavia Downs Gaming & Hotel President and CEO Henry Wojtaszek said after the meeting. “We used it for its exact, intended use. We saved the jobs, we saved the company going forward. We’re very appreciative of the local bank that we dealt with, the Bank of Castile, and the SBA that worked along with us. Jackie Leach (chief financial officer) and her group in the accounting department did a great job providing all the documentation that was necessary to make sure the loan was forgiven.”
Wojtaszek said there was a requirement to use about 70% of the PPP loan for payroll purposes.
“I believe we were in the 90s, 93%, I think, went to our payroll,” he said.
The board also voted to allow non-administrative, non-union employees to buy back 40 hours of vacation time they accrued for this year.
“The staff has reported to the Board of Directors that, due to the employee shortages caused by COVID-19, many of the non-administrative, non-union employees have not been able to utilize their accrued vacation time,” the board said in the resolution it passed.
Board members also approved a resolution to buy 10 kiosks for a total cost of $94,256 for Batavia Downs Gaming. The kiosk system allows players to conveniently receive prizes and reprint Players Club cards, the board said in the resolution.
During the meeting, Batavia Downs Director of Marketing Ryan Hasenauer said the kiosks are promotional kiosks on the gaming floor to assist in giving out Free Play and other promotional items to patrons, so they can get those items more quickly.
Wojtaszek said after the meeting that there are kiosks on the floor right now.
“They’re very effective, but the ones we have are outdated,” he said. “We can use a few more that will help supplement the people who need help at the Players Club.”