table games casino tacoma(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.Some traders are flirting with trouble with short positions in gaming stocks.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.big dollar casino free chip 2021“DraftKings short sellers had been net short sellers for the first three weeks of last month, adding 3 million of short exposure.d also open as soon as this weekend.But the stock has since posted a six fold gain.santa ana casino albuquerque

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poker rivers casinoWith 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.As a percentage of float sold short, ERI resides north of 39 percent, according to S3 data.(Image: KXNT Radio)In a note to clients Tuesday, Nomura Instinet analyst Harry Curtis reiterated a “buy” rating on the Orleans operator, while boosting his price target on the stock to from .miami club casino mobile login“There was +.But recently, we have seen short covering in the sector, with - million of net short covering executed over the last week.Duridoubledown casino slots free coinsng the COVID crisis, we have recommended that investors in US Gaming BUY two stocks ahead of regional casinos’ reopening, BYD and PENN,” said the Instinet analyst.table games casino new york

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seneca niagara casino ticketsThey are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.In dollar terms, that’s nearly 0 billion.As a percentage of float sold short, the next closest casino operator is Penn National Gaming (NASDAQ: PENN) at 21 percent.16 billion, 95 percent of whicdoubledown casino slots free coinsh is devoted to the 10 most-shorted names.10 billion of net short selling in the sector from March to May, with 0 million of new short selling executed over the last month.But recently, we have seen short covering in the sector, with - million of net short covering executed over the last week.seven feathers casino hotel phone number