Todd Shriber

Reporter: Todd Shriber

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Gaming Financials, Casino Business----Todd Shriber got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in trading sector and international ETFs leading up to and during the financial crisis. Currently, he analyzes, researches, and writes on ETFs for a variety of Web-based publications and financial services firms. Shriber has been quoted in Barron's, CNBC.com, and The Wall Street Journal. His work has been published on sites such as Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He joined the Casino.org news writing team in 2019, and lives in Southern California, where he enjoys golf and taking his black lab to the dog park. When in Las Vegas, he likes to wager on college football, the NBA, three-card poker, and roulette, even though he knows better. Email: todd.shriber@casino.org

Areas of Expertise

1039  stories by Todd Shriber

Century Casinos Rips Higher as Analyst Forecasts Two-Bagger

On a mixed day for gaming stocks, Century Casinos (NASDAQ:CNTY) is one of the names trading noticeably higher, a move hastened by bullish comments from a sell-side analyst. Shares of the small-cap regional gaming company are higher by 8.32 percent in midday...

Todd Shriber August 10, 2020

Las Vegas Sands, Wynn Lead Macau Rally as Zhuhai Resumes Issuing Tourist Visas

Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the gaming equities with Macau exposure rallying Monday. That came on news that at least one city in mainland China will resume issuing tourist visas allowing travelers to access the world's largest...

Todd Shriber August 10, 2020

IAC Wagering on Online, Sports Betting, Takes $1 Billion MGM Stake

Flush with cash from the recent separation of online dating site Match, Barry Diller's IAC/InterActiveCorp (NASDAQ:IAC) is making a bet on the future of online gaming and rebound prospects in Las Vegas. The company is spending roughly $1 billion to amass a...

Todd Shriber August 10, 2020

Penn National Is Sizzling, But Analyst Sees Unfavorable Near-Term Risk/Reward

On the back of a decent second-quarter earnings report delivered last week, and favorable comments from management on July and August booking trends, Penn National Gaming (NASDAQ: PENN) notched a jaw-dropping weekly gain of almost 45 percent. As impressive as that it...

Todd Shriber August 9, 2020

Stars Casino Restores Gaming Operations With Outside Thinking, Literally

Stars Casino, a card room in Tracy, Calif., is bringing back gaming by moving the tables outside, a plan that went into effect today at noon local time. News of the reopening comes more than a month after California Gov. Gavin Newsom...

Todd Shriber August 8, 2020

Caesars Draws Some Rave Wall Street Reviews Following First Earnings Report

Caesars Entertainment (NASDAQ:CZR) delivered its first earnings update as the largest US gaming company Thursday after the close of US markets. As expected, the June quarter numbers were dreadful because of the coronavirus shutdown, prompting analysts to focus more on management commentary....

Todd Shriber August 7, 2020

PointsBet Going Big in Centennial State, Inks Deals with Three Colorado Pro Teams

Extending what's been a brisk stretch of activity in the US, PointsBet is solidifying its footprint in Colorado, saying it will become the official betting partner of three of the state's professional sports franchises. In a statement released earlier Friday, Australia-based PointsBet...

Todd Shriber August 7, 2020

Wynn Cooperating with DOJ After Receiving Two Subpoenas Tied to Anti-Money Laundering Policies

Shares of Wynn Resorts (NASDAQ:WYNN) are lower by nearly three percent in midday trading Friday. That's after the company revealed in a 10-Q filing with the Securities and Exchange Commission (SEC) that it received two grand jury subpoenas in the first half...

Todd Shriber August 7, 2020

Caesars Reports Q2 Loss, Reeg Says Decision on iGaming, Sports Unit Could Happen This Year

In its first earnings report in new form, Caesars Entertainment (NASDAQ:CZR) reported a loss of $100 million on revenue of $126.5 million, down from net income of $18.9 million a year earlier. But the stock rose modestly in Thursday's after-hours session, extending...

Todd Shriber August 6, 2020

TheScore Raises $25 Million in Share Sale, Aims for US Sports Betting Expansion

Shares of Score Media and Gaming Inc. (OTC:TSCRF) slumped in the US Thursday, after the Canadian sports betting and media company revealed it sold 38.5 million shares of stock in a secondary offering, raising $25 million in the process. Regardless of industry,...

Todd Shriber August 6, 2020