Louis Bacon's Moore Capital bet
on casino stocks in the fourth quarter of last year, a filing shows.
Casino stocks surged after revenue in Macau posted the first positive monthly year - over-year revenue growth in more than two years.
Wynn Resorts (WYNN) and other
big casino stocks failed to get a lift Monday on that news.
Ultimately, I think the long - term story is still pretty much as bullish as ever — best to focus
on casino stock (s) which: i) have strong balance sheets & cash flow, ii) are focused on / transitioning to mass market, and iii) aren't ultimately US - owned companies.
Citron claimed in the paper that Nvidia had become «
casino stock» since investments were made more on future potential instead of long - term guarantees.