hard rock casino hotel tahoeAnd my biggest expense is my payroll,” Fertitta added.If markets rally, Caesars and MGM short sellers could feel some pain. If markets rally, Caesars and MGM short sellers could feel some pain. morongo casino promotionThe loan offering is to secure his casino and restaurant empire’s immediate health, and allow the businesses to resume operations immediately once appropriate.Bloomberg’s Davide Scigliuzzo and Jeannine Amodeo says oriver spirit casino box officef the Landry’s loan offering, “Based on initial discussions with investors, the loan is being offered at a spread of 14 percentage points over the benchmark London Interbank offered rate and at a discount of about 96 cents on the dollar. (Image: MarketWatch)With COVID-19 punishing the gaming industry from the East Coast to Las Vegas to Macau, forcing temporary closures and, in some cases, tens of thousands of lost jobs, bearish traders eagerly shorted shares of casino operators, including Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM).Monday’s seven percent gain by the S&P 500 could prompt some short sellers to consider exiting bets on gaming names, stoking further upside because, when a short is covered, the trader must buy shares to close the position. If markets continue rallying, forcing bearish traders to cover – a phenomenon known as a short squeeze – Caesars and MGM could be two of the biggest beneficiaries.With the market rallying today, we may see short sellers buying shares in the following stocks and pushing stock prices even higher than if only long buying was taking place in the name,” said S3 Partners Managing Director Ihor Dusaniwsky in a note obtained by Casino.org today. riverwind casino deals

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the black hawk casino shawnee ok 74804Broadly speaking, shorting stocks is a winning strategy to this point in 2020river spirit casino box office, and nowhere is that more true than the travel and leisure industry, a group beset by savage declines at the hands of the coronavirus pandemic. But the billionaire sat down with Texas Monthly two weeks ago to divulge specifics on the financial position of his conglomerate.Asked how long his companies can survive, Fertitta answered, “Until the end of the year. I don’t think anyone can survive past the end of the year, can they?”“This is a matter of survival. desert diamond casino players cardough his holdings company Landry’s Inc., Fertitta is seeking lenders to participate in a 0 million loan for his casinos and hundreds of restaurants, in exchange for an interest rate upwards of 15 percent. If markets rally, Caesars and MGM short sellers could feel some pain. (Image: MarketWatch)With COVID-19 punishing the gaming industry from the East Coast to Las Vegas to Macau, forcing temporary closures and, in some cases, tens of thousands of lost jobs, bearish traders eagerly shorted shares of casino operators, including Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM).Monday’s seven percent gain by the S&P 500 could prompt some short sellers to consider exiting bets on gaming names, stoking further upside because, when a short is covered, the trader must buy shares to close the position. lake tahoe casino winners

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chinook winds casino live cam“Sectors which were hit hard in the market downturn are represented in the top 25, and we see cruise lines and casinos (MGM & CZR) as some of the top short buying targets during a rally.”Entering Monday, the Bellagio operator was the fourth on S3’s list, as ranked river spirit casino box officeby a percentage of profits for short sellers, while Caesars was number 14.Not Profits Until They Take ‘EmOne of the more famous Wall Street adages is “profits aren’t profits until you take them.” In the case of the bearish bets on MGM and Caesars, traders were sitting on substantial unrealized gains coming into Monday.The average short interest in MGM since March was nearly 0 million, while total net profit for short sellers was 6.6 million, according to S3 data. For Caesars, thoNow, paying all my severance will cost nearly 0 million through April. Broadly speaking, shorting stocks is a winning strategy to this point in 2020river spirit casino box office, and nowhere is that more true than the travel and leisure industry, a group beset by savage declines at the hands of the coronavirus pandemic. Broadly speaking, shorting stocks is a winning strategy to this point in 2020river spirit casino box office, and nowhere is that more true than the travel and leisure industry, a group beset by savage declines at the hands of the coronavirus pandemic. For Caesars, thopoker casino berlin