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chumba casino youtubeOwing to the coronavirus pandemic, Third Point’s 2020 got off to one of its worst starts to a year since its founding in 1995.Unusual Choice for Third PointWhile gaming stocks are hedge fund favorites, Third Point, which has approximately billion in assets under managemsimilar to red stag casinoent, isn’t a frequent investor in the industry.38 on Nov.casino beim rouletteIn addition to the new stake in Caesars, Third Point recently added shares of Walt Disney (NYSE:DIS), another smart move on Loeb’s part, besimilar to red stag casinocause that stock is higher by 8.64 percent over the past month.Third Point founder Dan Loeb at the SALT Conference.angel of the winds casino linkedin

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encore casino rewardsWhile Caesars isn’t the biggest position in the hedge fund’s portfolio, it’s clear the gaming equity played a role in boosting the firm’s returns.In addition to the new stake in Caesars, Third Point recently added shares of Walt Disney (NYSE:DIS), another smart move on Loeb’s part, besimilar to red stag casinocause that stock is higher by 8.Based on value at the time of addition and number of shares, Caesars was one of Third Point’s smaller equity investments at the end of the third quarter.Immediate PayoffThe 13F filing doesn’t indicate exactly when the hedge fund purchased Caesars stock.Caesars is one of two new positions added by Loeb’s Third Point in the September quarter, with the other being a stake of 84.38 on Nov.evi*mgm grand hotel casino

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