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kim ward twin river casinoIn the wake of the COVID-19 pandemic that’s bludgeoning travel and leisure equities, casino and cruise line operators are among bearish traders’ favored destinations.With first-quarter earnings season in full swing and economic data deteriorating rapidly, short positions in virus-sensitive consumer cyclical stocks could be rewarded.When we see a strong move in one direction, where we think the fundamentals and the news can turn ugly, especially during an earnings cycle, we think that’s an opportunity where we could see a 5,10% selloff again,” said Jerry Braakman, chief investment officer at First American Trust, in an interview with the Wall Street Journal.Short sellers borrow shares on margin and look to buy the stock back at a later time at a lower price. (NYSE:RCL), and Marriott International Inc. But it’s getting harder for some of those traders to hold onto those bearish tickets.Over the past month, shares of the Encore operator are higher by 82.38 percent, and the stock is up 116 percent from its 52-week low. online casino poker echtgeld(Image: Reuters)Recent data indicate Wynn joins Carnival Corp. Short sellers continue targeting Wynn stock, but they’re playing with fire. But it’s getting harder for some of those traders to hold onto those bearish tickets.Over the past month, shares of the Encore operator are higher by 82.38 percent, and the stock is up 116 percent from its 52-week low. encore boston slots

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valley forge casino in philadelphiaWolf’s closure order runs through at least the end of the month. Wynn Resorts (NASDAQ:WYNN) is among the travel and leisure stocks that remain favored targets of short sellers looking to identify names vulnerable to coronavirus volatility. Short sellers continue targeting Wynn stock, but they’re playing with fire. mgm grand casino northfieldl closed.One of the most profitable of the 12 casinos in Pennsylvania, Wind Creek quickly announced that in addition to buying the resort, it was moving forward with a million hotel expansion to increase the number of occupancies by 276 rooms. Even when the Commonwealth begins reopening certain businesses, casinos aren’t expected to be included in initial phases.In March, Wind Creek Bethlehem – as the former Sands Bethlehem resort is now called – was the largest year-over-year loser. l closed.One of the most profitable of the 12 casinos in Pennsylvania, Wind Creek quickly announced that in addition to buying the resort, it was moving forward with a million hotel expansion to increase the number of occupancies by 276 rooms. a z online casinos uk

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hallmark casino contact number“It is because of this optimism that we are suspending the dividend so that we have maximum optionality in pursuing our strategic vision and in producing future returns.”Short sellers continue targeting Wynn stock, but they’re playing with fire. The casino reported GGR of just .66 milliochoctaw casino offer code zoabn, a 71.2 percent decline from the same month in 2019.Less is MoreWith every commercial casino in the United States closed, the less exposure, the better is currently the case for gaming industry operators.Following its sale of Bethlehem, Las Vegas Sands only has casinos in Las Vegas, Singapore, and the world’s richest gambling hub of Macau.Last week, Sands owner Sheldon Adelson, who, along with his wife, Miriam, controls nearly 57 percent of the publicly traded company, announced it was temporarily doing away with its dividend. “These are short sellers that are incurring losses while paying a steep premium to stay in those equities.”No gaming names, including Wynn, are on the list of stocks where traders are incurring higher borrow fees anShort sellers continue targeting Wynn stock, but they’re playing with fire. But the gaming equity could put the hurt on bearish traders. foxwoods resort casino yelp