Four Winds Casino Covid  sellers. Surprise ScenarioIn what can be described as surprising, the most-shorted gaming stock is Eldorado Stocks (NASDAQ:ERI). Boulder Station Casino Las Vegas Nevada Tmad That was a great trade for the bears that rode the stock down from or the high s to the March low of . valley forge casino trade show 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. no deposit bonus casino slotocash As a percentage of float sold short, ERI resides north of 39 percent, according to S3 data.

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. scarlet pearl casino facebook 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. drake casino bonus code aliante casino yelp Regional restarts help, too, says an analyst. Slot Lady Slots You Tube Nnyx

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. 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 twosam s town hotel casino shreveport expedia months. firekeepers casino race captain jack casino free chip 2021 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. mgm grand casino northfield park twin river casino wiki

Betting on BoydFrom June 1 through June 4, Boyd will reopen 13 of its gaming properties, including nine in Las Vegas. Spa At Valley Forge Casino Sjmp 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. 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. 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. brian christopher slots birthday

“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. “Last week, we called out the strengths of PENN again, and we lifted our estimates and target price. free slot games by igt national mgm casino This weeksam s town hotel casino shreveport expedia, we do the same for BYD. ”More NewsBoyd owns a total of seven gaming properties in Louisiana and Mississippi. On Monday, the company’s Ameristar St. luckyland slots casino Charles and Ameristar Kansas City in Missouri, and the Diamond Jo Dubuque and Diamond Jo Worth in Iowa reopened.

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. ruby link slots Indiana, where the company runs the Belterra and Blue Chip, is slated to reopen gaming venues in mid-June. encore casino steakhouse However, it’s not all good news for Boyd and some competitors. brian christopher slot channel Confirming that the coronavirus shutdown was a major blow to the domestic gaming industry, Boyd notified Sam S Town Casino Hotel Rooms Ydtr