casino hotel(Image: Reuters)With shelter-in-place policies and casino shutdowns the orders of the day starting in March, shorting gaming equities became one of 2020’s easiest and most profitable trades…until it wasn’t. But recently, we have seen short covering in the sector, with - million of net short covering executed over the last week.”Dusaniwsky notes S3 covers 61 stocks in the casino and gaming sector, which have aggregate short interest of .16 billion, 95 percent of which is devoted to the 10 most-shorted names.Messing With FireBelieve it or not, bearish traders sunk their teeth into DraftKings, a stock that’s more than doubled since its April 24 initial public offering (IPO).“DraftKings (DKNG) saw the largest change in short seller sentiment, with short selling turning into short covering by the end of the May,” said Dusaniwsky. “There was +.10 billion of net short selling in the sector from March to May, with 0 million of new short selling executed over the last month. luckyland slots casino sign inSome traders are flirting with trouble with short positions in gaming stocks. They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover. A path that will help propel us through recovery, and one that particularly aims to see Atlantic City get back on track.”State Sen. valley forge casino cocktail waitreb

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peppermill casino employmentA path that will help propel us through recovery, and one that particularly aims to see Atlantic City get back on track.”State Sen. They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover. “There was +.10 billion of net short selling in the sector from March to May, with 0 million of new short selling executed over the last month. golden nugget casino laughlin nevada Senate President Stephen Sweeney (D) is behind the Atlantic Casino relief bills in the upper chamber. Some traders are flirting with trouble with short positions in gaming stocks. Chris Brown (R-Atlantic) agrees.We have to take these initial steps and develop a plan, not a bailout, to restart our local economy as quickly as possible,” Brown said. casino t shirts for sale

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valley forge casino smoking“There was +.10 billion of net short selling in the sector from March to May, with 0 million of new short selling executed over the last month. Sweeney has also called on the governor to allow the gaming floors to reopen.Though there seems to be widespread support for the two casino bills, the Press of Atlantic City’s David Danzis reports Assemblymen Vince Mazzeo and John Armato, both Democrats representing Atlantic County, expressed hesitation. Count Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers. (Image: Reuters)With shelter-in-place policies and casino shutdowns the orders of the day starting in March, shorting gaming equities became one of 2020’s easiest and most profitable trades…until it wasn’t. Sweeney has also called on the governor to allow the gaming floors to reopen.Though there seems to be widespread support for the two casino bills, the Press of Atlantic City’s David Danzis reports Assemblymen Vince Mazzeo and John Armato, both Democrats representing Atlantic County, expressed hesitation. “DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure. golden palace hotel casino