2024.07.12
slot casino apkCount Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers. “DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure. “DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure. the bicycle casino tournamentsSome traders are flirting with trouble with short positions in gaming stocks. Greenwald (D-Burlington, Camden) said in a release. 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. casino near me 24 hours las vegas wynn casino openingturtle creek casino wisconsinThey voiced concerns that providing tax breaks and financial assistance fohollywood casino meadowsr casinos, while the average Atlantic City resident is struggling, might not be in the state’s best interest.Reopening DatesMurphy said this week he hopes to have Atlantic City casinos open in time for the Fourth of July holiday weekend.Commercial casinos remain closed in neighboring Pennsylvania, Maryland, and New York. 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. 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 tradershollywood casino meadows holding bearish bets to cover those positions, which only fans bullish flames. soaring eagle casino nearby hotelsSweeney 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. They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover. But Delaware’s three casinos – Dover Downs, Delaware Park, and Harrington – reopened June 1.Three casinos in western Pennsylvania could also open as soon as this weekend.roulette table casino near me ebay casino slot machinefree slot games play nowGreenwald (D-Burlington, Camden) said in a release. (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 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. There is some data suggesting short sellers in gaming stocks got a little too greedy.“Over the last week, Casino & Gaming short sellers gave back a quarter of their mark-to-market profits, losing -8 million of their +.40 billion stack of chips,” adds Dusaniwsky.During that time, DraftKings and Boyd were two of the four biggest problems for short sellers.Surprise ScenarioIn what can be described as surprisi“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. Count Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers. poker hand winnings lake tahoe villa harrah |