the viejas casino resort“PENN shorts have been reducing their bets since late May, buying to cover 11 million shares, a -44% decrease in shares shorted, as its stock price rose +115%,” the note continued.But we’ve seen short sellers taking off some of their bets since mid-August, with 3 million short shares cover, a decrease of -14%, as its stock price rallied +51%,” said S3 Partners Managing Director Ihor Dusaniwsky in a recent note.Much of that stems from operators with Las Vegas Strip exposure, including Caesars Entertainment (NASDAQ:CZR), MGM Resorts International (NYSE:MGM), Las Vegas Sands (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN).casino extreme 2021“PENN shorts have been reducing their bets since late May, buying to cover 11 million shares, a -44% decrease in shares shorted, as its stock price rose +115%,” the note continued.DKNG shares shorted have been relatively stable since the beginning of July.Short covering is another, because as those nameblack hawk casino seafood buffets rise, bearish traders could be compelled to buy back shares, fueling the very rallies that are burning them.viejas casino resort

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casino t shirt ideasPolice and emergency vehicles line up outside the Aria Resort and Casino on the Las Vegas Strip after a shooting Tuesday.Shorting those names is akin to playing with fire because the pair are up an average of 44 percent over the past month.13 percent of DraftKings shares outstanding were on loan to short-selleblack hawk casino seafood buffetrs, while that figure climbs to 10.pechanga casino fireworks 2021”In dollar terms, MGM is the most-shorted gaming stock, with .13 percent of DraftKings shares outstanding were on loan to short-selleblack hawk casino seafood buffetrs, while that figure climbs to 10.riverwind casino truck parking

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thunder valley casino mattrebOf the 10 most heavy names in the group, six operate integrated resorts in and around Las Vegas.”Fuel for the FireThanks to ongoing sports wagering ebullience, DraftKings and Penn enjoy plenty of catalysts to drive those stocks higher.Police and emergency vehicles line up outside the Aria Resort and Casino on the Las Vegas Strip after a shooting Tuesday.“PENN shorts have been reducing their bets since late May, buying to cover 11 million shares, a -44% decrease in shares shorted, as its stock price rose +115%,” the note continued.DKNG shares shorted have been relatively stable since the beginning of July.While bearish traders remain steadfast in their views against some traditional gaming names, sports betting mania is forcing them to reduce exposure to DraftKings and Penn.doubledown casino 2