paragon casino north towerIn 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. 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. poker games at casinoFor 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. (NYSE:RCL), and Marriott International Inc. The investment plans also called for an additional 42,000 square feet of convention space.That’s not all. casino 99 poker tournaments

b spot casino nj

riverwind casino ownerShort sellers continue targeting Wynn stock, but they’re playing wnew slots 2021 free casino games slot machinesith fire. But it’s getting harder for some of those traders to hold onto those bearish tickets.Over the past month, shares of the Encore operator are higher by 82.38 percent, and the stock is up 116 percent from its 52-week low. “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.”free casino video slot games(NYSE:RCL), and Marriott International Inc. He revealed projects in Singapore and Macau – expected to cost .5 billion – are still moving forward.The billionaire also said that the economic climate is ripe for Sands to acquire existing casinos, which would be a first for the company.“I see many strategic opportunities for our company, precisely because of our financial strength,” Adelson told investors. But it’s getting harder for some of those traders to hold onto those bearish tickets.Over the past month, shares of the Encore operator are higher by 82.38 percent, and the stock is up 116 percent from its 52-week low. doubledown casino million dollar promo codes

online casino win real money usa

cache creek casino mailing addrebShort sellers continue targeting Wynn stock, but they’re playing wnew slots 2021 free casino games slot machinesith fire. Casinos won 3.48 million last month, down from 6.27 million in March 2019. In 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. “These are short sellers that are incurring losses while paying a steep premium to stay in those equities.”No ga“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.”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. paragon casino buffet