wild rose casino in clinton iowaCount Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers.But the stock has since posted a six fold gain.But they have been covering a portion of their shorts over the last week with million of net buy-to-covers executed.motel 6 near hard rock casino(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.“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.With stay-at- home directives now largely lifted, a slew of regional casinos open, and Nevada gaming properties joining the fun on June 4, being bearish on gaming stocks carries immense near-term risk.downstream casino jacuzzi room

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bellagio casino foodBearish traders are seeing profits eaten away with Penn, too, as the stock is up 733 percent from its March lows.Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.(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 .fanduel casino ctLas Vegas reopening is just one reason to like Boyd Gaming stock.Regardless of industry, heavily shorted stocks can rapidly change directions, forcing traders holding bearish bets to cover those positions, which only fans bullish flames.“Over the last week, Casino & Gaming short sellers gave back a quarter of their mark-to-market profits, losing -8 million of their +.free slot machines that pay real money

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lucky tiger online casino no deposit bonus codesShares of Boyd trade at at this writing.They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.”Other companies with sports betting exposure, including Churchill Downs and Boyd Gaming, are experiencing short covering, though the catalyst with Boyd may be more about the company’s Louisiana and Mississippi venues reopening last month, and nine of its 12 Las Vegas properties slated to do so on Thursday.Shares of Boyd trade at at this writing.40 billion stack of chips,” adds Dusaniwsky.That was a great trade for the bears that rode the stock down from or the high s to the March low of .draftkings hollywood casino