riverwind casino tulsa ok(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.Making matters potentially dangerous for ERI bears is that they need to unwind a lot of supply in the event of another rally.”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.el dorado casino reno poolIn dollar terms, that’s nearly 0 billion.“Over the last week, Casino & Gaming short sellers gave back a quarter of their mark-to-market profits, losing -8 million of their +.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.hollywood casino ohio

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desert diamond casino phoenix arizonaWith 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.org.Bearish traders are seeing profits eaten away with Penn, too, as the stock is up 733 percent from its March lows.bellagio neighbor casino10 billion of net short selling in the sector from March to May, with 0 million of new short selling executed over the last month.That was a great trade for the bears that rode the stock down from or the high s to the March low of .(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.boulder station casino las vegas

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free jackpot slot machine gamesLas Vegas reopening is just one reason to like Boyd Gaming stock.Surcasino roulette table imagesprise ScenarioIn what can be described as surprising, the most-shorted gaming stock is Eldorado Stocks (NASDAQ:ERI).Regardless of industry, heavily shorted stocks can rapidly change directions, forcing traders holding bearish bets to cover those positions, which only fans bullish flames.But recently, we have seen short covering in the sector, with - million of net short covering executed over the last week.Shares of Boyd trade at at this writing.He cited catalysts such as the operator’s exposure to iGaming and its investment in Barstool Sports.gold coast casino oroville