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 (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...
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