hard rock casino lake tahoe nv“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.Recently, Curtis is consistently endorsing regional gaming equities, a thesis that’s bearing fruit as casinos in the Midwest and South come back online following the coronavirus shutdown that spanned roughly two months.Some traders are flirting with trouble with short positions in gaming stocks.aliante casino and hotel las vegas nevada16 billion, 95 percent of whicdoubledown casino slots free coinsh is devoted to the 10 most-shorted names.Regional restarts help, too, says an analyst.”Dusaniwsky notes S3 covers 61 stocks in the casino and gaming sector, which have aggregate short interest of .hollywood casino cincinnati

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thunder.valley casino40 billion stack of chips,” adds Dusaniwsky.Betting on BoydFrom June 1 through June 4, Boyd will reIn dollar terms, that’s nearly 0 billion.caesar casino las vegasBut they have been covering a portion of their shorts over the last week with million of net buy-to-covers executed.They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover.(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.downstream casino buffet

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live casino 24With 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.(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.(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.In dollar terms, that’s nearly 0 billion.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.During that time, DraftKings and Boyd were two of the four biggest problems for short sellers.black oak casino lanes