seminole casino las vegasIn the wake of the COVID-19 pandemic that’s bludgeoning travel and leisure equities, casino and cruise line operators are among bearish traders’ favored destinations.With first-quarter earnings season in full swing and economic data deteriorating rapidly, short positions in virus-sensitive consumer cyclical stocks could be rewarded.When we see a strong move in one direction, where we think the fundamentals and the news can turn ugly, especially during an earnings cycle, we think that’s an opportunity where we could see a 5,10% selloff again,” said Jerry Braakman, chief investment officer at First American Trust, in an interview with the Wall Street Journal.Short sellers borrow shares on margin and look to buy the stock back at a later time at a lower price. Casinos won 3.48 million last month, down from 6.27 million in March 2019. (NYSE:CCL), Royal Caribbean Cruises Ltd. harrah s casino phoenix(NYSE:MAR) among shorts’ preferred COVID-19 bets. Wind Creek said it’s considering plowing as much as 0 million into the adjacent No. of the Poarch Band of Creek Indians in Alabama, celebrated its expansion into Pennsylvania when the deal closed.One of the most profitable of the 12 casinos in Pennsylvania, Wind Creek quickly announced that in addition to buying the resort, it was moving forward with a million hotel expansion to increase the number of occupancies by 276 rooms. free casino slots play

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admiral casino phone numberThe investment plans also called for an additional 42,000 square feet of convention space.That’s not all. (NYSE:RCL), and Marriott International Inc. (Image: Reuters)Recent data indicate Wynn joins Carnival Corp. downstream casino hotel roomsBut the gaming equity could put the hurt on bearish traders. Short sellers continue targeting Wynn stock, but they’re playing wnew slots 2021 free casino games slot machinesith fire. For traders betting against Wynn, there is snew slots 2021 free casino games slot machinesome good news: the stock isn’t viewed as one of the most vulnerable to a short squeeze – the scenario where bearish traders are forced to cover their positions, likely at losses.“The stocks most susceptible to short squeezes are those with high stock borrow costs and large mark-to-market losses,” said S3 Partners Managing Director Ihor Dusaniwsky in a note out last week. online casino easy deposit

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slotocash casino promo codesThe casino reported GGR of just .66 million, a 71.2 percent decline from the same month in 2019.Less is MoreWith every commercial casino in the United States closed, the less exposure, the better is currently the case for gaming industry operators.Following its sale of Bethlehem, Las Vegas Sands only has casinos in Las Vegas, Singapore, and the world’s richest gambling hub of Macau.Last week, Sands owner Sheldon Adelson, who, along with his wife, Miriam, controls nearly 57 percent of the publicly traded company, announced it was temporarily doing away with its dividend. Because of Governor Tom Wolf’s (D) closure order of all nonessential businesses, the state’s brick-and-mortar casinos have been shuttered since mid-March.As a result, gross gaming revenue (GGR) plunged 51 percent in March. The casino reported GGR of just .66 million, a 71.2 percent decline from the same month in 2019.Less is MoreWith every commercial casino in the United States closed, the less exposure, the better is currently the case for gaming industry operators.Following its sale of Bethlehem, Las Vegas Sands only has casinos in Las Vegas, Singapore, and the world’s richest gambling hub of Macau.Last week, Sands owner Sheldon Adelson, who, along with his wife, Miriam, controls nearly 57 percent of the publicly traded company, announced it was temporarily doing away with its dividend. (NYSE:CCL), Royal Caribbean Cruises Ltd. Wynn Resorts (NASDAQ:WYNN) is among the travel and leisure stocks that remain favored targets of short sellers looking to identify names vulnerable to coronavirus volatility. “It is because of this optimism that we are suspending the dividend so that we have maximum optionality in pursuing our strategic vision and in producing future returns.”ohio online casino no deposit bonus