2024.07.17
kansas star casino players clubWith stay-at- home directives now largely lifted, a slew of regional casinos open, and Nevada gaming properties joining the fun on June 4, being bearish on gaming stocks carries immense near-term risk.Short sellers have lately begun trimming their exposure in the sector, after having shorted the sector heavily during the stay-at-home policies brought about by the Covid-19 pandemic,” said S3 Partners Managing Director Ihor Dusaniwmgm grand casino telephone numbersky in a note obtained by Casino.org. Greenwald (D-Burlington, Camden) said in a release. A path that will help propel us through recovery, and one that particularly aims to see Atlantic City get back on track.”State Sen. poker casino monte carloThey 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. “The legislation released from today’s committee will work in complement to provide a fiscal path forward for an industry that has been devastated by the effects of this pandemic. blackjack online live roulette casino mobiletiki taka 8 live casino(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. 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. 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. silver oak casino login“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. (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. The Republican also believes Governor Phil Murphy (D) and the state should allow businesses to reopen.“With 40,000 families out of work and the tourism season upon us, we need to responsibly open up our local economy,” Brown tweeted May 14. sam s town casino shows soaring eagle casino kid rockviejas casino menuGreenwald (D-Burlington, Camden) said in a release. But they have been covering a portion of their shorts over the last week with million of net buy-to-covers executed.”Other companies with sports betting exposure, including Churchill Downs and Boyd Gaming, are experiencing short covering, though the catalyst with Boyd may be more about the company’s Louisiana and Mississippi venues reopening last month, and nine of its 12 Las Vegas properties slated to do so on Thursday.Regardless of industry, heavily shorted stocks can rapidly change directions, forcing tradersmgm grand casino telephone number holding bearish bets to cover those positions, which only fans bullish flames. They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover. (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. The Republican also believes Governor Phil Murphy (D) and the state should allow businesses to reopen.“With 40,000 families out of work and the tourism season upon us, we need to responsibly open up our local economy,” Brown tweeted May 14. They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover. is downstream casino open on christmas no deposit bonus casino keep winnings |