do online slots pay real moneyHedge fund manager Stanley Druckenmiller, seen here.Other Hedge Fund Moves in Gaming StocksDuquesne Family Office isn’t the only big-name asset allocator tinkering with positions in gaming equities.Druckenmiller, a native of Pennsylvania — Penn’s home market — has long had a position in the name, and his family office upped its stake in the casino operator to 1.911win live casinoDuquesne Family Office trimmed its Penn stake by 20 percent, but still held 1.Earlier today, the state of Michigan said online sportsbook operators generated a combined handle of 5.Assuming Duquesne waited until later in the fourth quarter to sell some of its Penn shares, it made an impressive gain.mountaineer casino newell west virginia

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blackjack casino rules vegas(Image: CNBC)According to a Tuesday 13F filing with the Securities and Exchange Commission (SEC), the regional gaming stock was one of five the money manager pared exposure to in the October through December period.From the stock’s early November trough around , it later flirted with 0 in December before settling around to close out 2020.5 of that figure is attributable to Penn’s Barstool Sportsbook, putting the company third behind rivals FanDuel and DraftKings.pechanga casino logoThat’s despite a better-than-expected fourth-quarter earnings report and bullish comments from some sell-side analysts.Other Hedge Fund Moves in Gaming StocksDuquesne Family Office isn’t the only big-name asset allocator tinkering with positions in gaming equities.In either case, a single Japanese integrated resort will likely be the most expensive gaming property ever constructed.bicycle club casino phone number

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black oak casino tuolumne californiaOther Hedge Fund Moves in Gaming StocksDuquesne Family Office isn’t the only big-name asset allocator tinkering with positions in gaming equities.Soros Fund Management, the family office of billionaire financier George Soros, departed its entire DraftKings stake in the fourth quarter.The 13F filings don’t indicate on what date a professional investor bought or sold shares of a particular company or what prices were paid or received in those transactions.51 million shares of the name, worth 1 million as of Dec.Assuming Duquesne waited until later in the fourth quarter to sell some of its Penn shares, it made an impressive gain.89 million shares in the third quarter, while also eliminating investment in rival DraftKings (NASDAQ:DKNG).riverwind casino goldsby ok