The catch for shorting the stock is timing; if Christie does sign the New Jersey bill, CZR will definitely see a sharp rise.
So I wrote in December in arguing for the short sale of Caesars Entertainment (NASDAQ:CZR). (SA Pro access is needed to view the full article.) Indeed, it has come to pass today, as New Jersey Governor Chris Christie has issued a conditional veto of an online gambling bill that clearly allows for a new bill to be written that will pass the state legislature, be signed by Christie, and legalize a full suite of online gambling products in New Jersey. Caesars' presence in Atlantic City, where it owns four different casinos, is thought to give...
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