hard rock casino e gift cards(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.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.In dollar terms, that’s nearly 0 billion.xbet casino no deposit bonus 2021Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.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.10 billion of net short selling in the sector from March to May, with 0 million of new short selling executed over the last month.restaurants at scarlet pearl casino

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river spirit casino giveawayShares of Boyd trade at at this writing.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.But they have been covering a portion of their shorts over the last week with million of net buy-to-covers executed.casino near me seattleHe cited catalysts such as the operator’s exposure to iGaming and its investment in Barstool Sports.Las Vegas reopening is just one reason to like Boyd Gaming stock.(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.paragon casino application

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soaring eagle casino logoThey are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.org.That was a great trade for the bears that rode the stock down from or the high s to the March low of .Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.As a percentage of float sold short, the next closest casino operator is Penn National Gaming (NASDAQ: PENN) at 21 percent.Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.call riverwind casino