silver oak casino free play(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 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.Count Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers. slot machine san manuel casino“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. “DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure. A path that will help propel us through recovery, and one that particularly aims to see Atlantic City get back on track.”State Sen. doubledown casino codes that never expire

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raging bull casino no deposit bonus codes 2021 australiaThe 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. Senate President Stephen Sweeney (D) is behind the Atlantic Casino relief bills in the upper chamber. 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. black bear casino menuBut 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. With 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. “DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure. drake casino no deposit bonus 2020

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soaring eagle slotsThey voiced concerns that providing tax breaks and financial assistance fomgm grand casino telephone numberr 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. Senate President Stephen Sweeney (D) is behind the Atlantic Casino relief bills in the upper chamber. They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover. “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. 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. Senate President Stephen Sweeney (D) is behind the Atlantic Casino relief bills in the upper chamber. little river casino concerts 2021