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pechanga casino californiaof 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. The investment plans also called for an additional 42,000 square feet of convention space.That’s not all. Wolf’s closure order runs through at least the end of the month. 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. Wolf’s closure order runs through at least the end of the month. Some of the losses were offset by internet gaming, which continues to operate unimpeded.April GGR from brick-and-mortar casinos will total $content$ in April. bellagio casino atm

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