free slots upIn 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. 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. (Image: Reuters)Recent data indicate Wynn joins Carnival Corp. mountaineer casino online betting“These are short sellers that are incurring losses while paying a steep premium to stay in those equities.”No gaWind Creek said it’s considering plowing as much as 0 million into the adjacent No. 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. seminole casino fort lauderdale

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foxwoods resort casino weatherThe 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. But the gaming equity could put the hurt on bearish traders. 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. slotocash mobile casinoThe risk in this strategy is substantial, because there’s no limit to how high an equity can go.Wynn Shorts Looking DangerousLate February and essentially all of March were rewarding times to short casino equities, including Wynn. 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. (NYSE:MAR) among shorts’ preferred COVID-19 bets. casino slot wins 2020

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angel of the winds slotsCasinos 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. (Image: Reuters)Recent data indicate Wynn joins Carnival Corp. 2 Machine Shop to transform the historic building into an indoor water park and 400-room hotel.Casinos Go DarkPennsylvania has the fourth-most cases of COVID-19 in the US at 33,232 positive tests and 1,204 deaths. 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. 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. sycuan casino las vegas