Four Winds Casino Lodging  sellers. Surprise ScenarioIn what can be described as surprising, the most-shorted gaming stock is Eldorado Stocks (NASDAQ:ERI). That was a great trade for the bears that rode the stock down from or the high s to the March low of . Ruby Slots Bonus Codes No Deposit Biwp Denmark But the stock has since posted a six fold gain. Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally. slotocash cash casino As a percentage of float sold short, ERI resides north of 39 percent, according to S3 data. Bellagio Casino Interior Design Fnka

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. Bearish traders are seeing profits eaten away with Penn, too, as the stock is up 733 percent from its March lows. Boyd Gaming (NYSE:BYD) drew some praise from a sell-side analyst today ahead of the June 4 reopening of Nevada casinos. Las Vegas reopening is just one reason to like Boyd Gaming stock. Regional restarts help, too, says an analyst. casino y astuce avis

Key Insights and Expert Analysis

(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 . Shares of Boyd trade at at this writing. Mgm Grand Casino Fire Nzei Recently, Curtis is consistently endorsing regional gaming equities, a thesis that’s bearing fruit as casinos in the Midwest and South come back online following the coronavirus shutdown that spanned roughly twoblack lotus casino bonuses months. is black oak casino open yet During 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. “PENN” refers to Penn National Gaming (NASDAQ:PENN), a name that Curtis reaffirmed a “buy” rating on last week with a significant, upward price forecast revision. He cited catalysts such as the operator’s exposure to iGaming and its investment in Barstool Sports.

Betting on BoydFrom June 1 through June 4, Boyd will reopen 13 of its gaming properties, including nine in Las Vegas. The company owns and operates a dozen Sin City venues, and previously said the East Side Cannery, Eldorado, and Main Street Station will restart after June 4. But a specific date for those properties wasn’t provided. restaurants in jackson rancheria casino sycuan casino winnings In broad fashion, investors are displaying enthusiasm for casino reopenings. That’s highlighted by Boyd stock being higher by more than 32 percent over the past month, and having more than tripled off its 52-week low. clearwater casino resort vs tower The company operates 29 casinos in 10 states, and investors bid the stock higher amid reopenings of Boyd’s Louisiana and Mississippi venues, among others.

“Since the first regional casinos in MS and LA reopened nearly two weeks ago, both stocks have outperformed the 7% recovery in the S&P, with PENN + ~80% and BYD +37%,” said Curtis, the Instinet analyst. slot machine in casino “Last week, we called out the strengths of PENN again, and we lifted our estimates and target price. chumba casino free sweeps cash ruby slots bonus codes june 2020 draftkings casino legit This weekblack lotus casino bonuses, we do the same for BYD. ”More NewsBoyd owns a total of seven gaming properties in Louisiana and Mississippi. oxford casino hotel event center On Monday, the company’s Ameristar St. Charles and Ameristar Kansas City in Missouri, and the Diamond Jo Dubuque and Diamond Jo Worth in Iowa reopened. borgata casino twitter

Accounting for the nine reopenings in Las Vegas happening on Thursday, 21 of Boyd’s 29 casinos will be open for business by the end of this week. online slots real money free spins Indiana, where the company runs the Belterra and Blue Chip, is slated to reopen gaming venues in mid-June. Free Casino Slot Games For Fun Downloads Udcc However, it’s not all good news for Boyd and some competitors. casino towing seven feathers casino gas black bear casino today Confirming that the coronavirus shutdown was a major blow to the domestic gaming industry, Boyd notified employees last week that 25 percent