live casino updateMessing With FireBelieve it or not, bearish traders sunk their teeth into DraftKings, a stock that’s more than doubled since its April 24 initial public offering (IPO).Short sellers have lately begun trimming their exposure in the sector, after having shorted the sector heavily during the stay-at-home policies brought about by the Covid-19 pandemic,” said S3 Partners Managing Director Ihor Dusaniwsky in a note obtained by Casino.d also open as soon as this weekend.online casino illinoisShort sellers have lately begun trimming their exposure in the sector, after having shorted the sector heavily during the stay-at-home policies brought about by the Covid-19 pandemic,” said S3 Partners Managing Director Ihor Dusaniwsky in a note obtained by Casino.Messing With FireBelieve it or not, bearish traders sunk their teeth into DraftKings, a stock that’s more than doubled since its April 24 initial public offering (IPO).40 billion stack of chips,” adds Dusaniwsky.lucky creek casino online

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oxford casino open“Over the last week, Casino & Gaming short sellers gave back a quarter of their mark-to-market profits, losing -8 million of their +.Surcasino roulette table imagesprise ScenarioIn what can be described as surprising, the most-shorted gaming stock is Eldorado Stocks (NASDAQ:ERI).He cited catalysts such as the operator’s exposure to iGaming and its investment in Barstool Sports.seneca niagara casino nightclubAs a percentage of float sold short, ERI resides north of 39 percent, according to S3 data.That was a great trade for the bears that rode the stock down from or the high s to the March low of .Regional restarts help, too, says an analyst.mohegan sun earth casino

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choctaw casino idabel oklahoma(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.Bearish traders are seeing profits eaten away with Penn, too, as the stock is up 733 percent from its March lows.They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.”Dusaniwsky notes S3 covers 61 stocks in the casino and gaming sector, which have aggregate short interest of .Some traders are flirting with trouble with short positions in gaming stocks.“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.codeshareonline.com doubledown casino