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

1979 stories by Todd Shriber

Scientific Games

Apollo, Brookfield Mulling Bids for Scientific Games Lottery Arm

Apollo Global Management (NYSE:APO) and Brookfield Asset Management's private equity division are reportedly considering making offers for Scientific Games' (NASDAQ:SGMS) SG Lottery unit. That news emerges soon after the Las Vegas-based slot machine manufacturer pared the size of an SG Lottery initial...

Todd Shriber October 22, 2021
Drive by DraftKings

DraftKings’ Venture Capital Arm Debuts $60M Fund

DraftKings (NASDAQ:DKNG) announced today its venture capital unit, Drive by DraftKings, is rolling out its first venture fund, following a $60 million raise. Drive by DraftKings invests in entertainment and sports technology companies, among others. The venture unit of the Boston-based daily...

Todd Shriber October 21, 2021
LVS stock

Las Vegas Sands Management Needs to ‘Take a Stand’, Buyback Stock, Says Analyst

Las Vegas Sands (NYSE:LVS) reported third-quarter results late Wednesday, and the results were worse than expected. That prompted an analyst to say management should move swiftly to buyback shares in an effort to restore investor confidence. Amid still lingering travel restrictions in...

Todd Shriber October 21, 2021
SG Lottery

Scientific Games Pares SG Lottery Australia IPO to $3B, Still 15x 2022 Fiscal Earnings

Scientific Games (NASDAQ:SGMS) is reportedly trimming the size of a Sydney initial public offering (IPO) for its SG Lottery arm to $3 billion, valuing it at roughly 15x fiscal 2022 earnings. Previous speculation mentioned the Las Vegas-based company could raise up to...

Todd Shriber October 21, 2021
Flutter Entain

Invesco Likes International Betting Stocks, Including Entain, Flutter

Since the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA), the investment community largely focused on the US market. But some fund managers still see a lot to like with international betting stocks. In a recent report...

Todd Shriber October 20, 2021
Fanatics patents

Fanatics Files Trademark Applications for Casino, Sportsbook, Mobile Betting App

In the latest sign Fanatics is angling to becoming a force in the online betting world, the company recently filed several patent applications with the US Patent and Trademark Office (USPTO). They call for a branded casino, mobile betting app, and sportsbook....

Todd Shriber October 20, 2021
Okada Manila

Okada Manila Considering Japan Expansion After SPAC Deal Closes

Fresh off announcing plans to merge with a special purpose acquisition company (SPAC), Okada Manila could be eyeing its next move: expanding in Japan, its parent company's home country. Last Friday, Okada Manila, the world’s only Japanese-owned integrated resort, said it's merging...

Todd Shriber October 19, 2021
gaming stocks

Churchill Downs, Penn National Earn ‘Buy’ Ratings as Berenburg Starts Coverage

Berenberg analyst Zachary Silverberg initiates coverage of several gaming stocks today, revealing bullish views on a quartet of well-known names in the group. The analyst is constructive on lottery and gaming technology providers, such as consumer-facing, land-based operators, including Churchill Downs (NASDAQ:CHDN)...

Todd Shriber October 19, 2021
DraftKings Entain

Entain Extends Takeover Deadline for DraftKings to Make Formal Offer

Entain Plc (OTC:GMVHY) is extending the deadline under which DraftKings (NASDAQ:DKNG) must formalize a takeover offer for the UK-based gaming company. Last month, DraftKings made a $20.5 billion cash and equity bid for the Coral owner, which the target rejected. The suitor...

Todd Shriber October 19, 2021
DraftKings Polygon

DraftKings, Polygon Team Up on Blockchain Accord

DraftKings (NASDAQ:DKNG) is forging deeper into the cryptocurrency space, announcing today that it's partnering with Polygon to support debuts on non-fungible tokens (NFTs) on DraftKings Marketplace. DraftKings Marketplace recently launched and features “curated NFT drops and supports secondary-market transactions.” The platform partners...

Todd Shriber October 18, 2021