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

1382 stories by Todd Shriber

Grand Lisboa Palace

SJM Grand Lisboa Palace Could Be Swift EBITDA Driver

SJM Holdings' Grand Lisboa Palace is forecast to be a quick contributor to the operator's bottom line. Fitch Ratings projects the property will drive earnings before interest, taxes, depreciation and amortization (EBITDA) of $258 million in 2022, with that figure surging to...

Todd Shriber January 18, 2021
JACK Entertainment

JACK Management Team Acquires Two Ohio Casinos From Dan Gilbert

Billionaire businessman Dan Gilbert is out of the Ohio casino businesses. That's after reportedly selling his JACK Entertainment to the company's management team last month. JACK Chairman Matthew Cullen confirmed to the Cleveland Jewish News (CJN) that the gaming company no longer...

Todd Shriber January 18, 2021
Caesars Korea

Caesars in Jeopardy of Losing License for Unfinished South Korea Integrated Resort

Caesars Entertainment is on the clock to complete its Midan City integrated resort project on Yeonjong Island in South Korea, or risk losing its license. Construction on the $700 million Caesars Korea project has been halted since February 2020 because of the...

Todd Shriber January 18, 2021
Texas Casinos

Texas’s Tidy Finances Could Weigh on Casino Efforts

In the domestic casino industry, Texas is the golden goose. For operators yearning to develop gaming properties in the Lone Star State, problematic is the state's sturdy fiscal position. Like so many states, Texas is facing some budgetary issues stemming from the...

Todd Shriber January 17, 2021
Century Casinos Poland

Century Casinos Lengthens Closure of Poland Properties Through January 31

Less than three weeks after announcing another temporary closure of its Poland gaming venues, Century Casinos said those properties will remain closed through Jan. 31. Late last month, the Colorado-based gaming company said it was shuttering its casinos in Poland to comply...

Todd Shriber January 17, 2021
Affinity SPAC

Affinity Gaming Merging with New SPAC, Seeks More Casino, Leisure Deals

Affinity Gaming, the owner of the Silver Sevens Casino in Las Vegas, is merging with a newly formed special purpose acquisition company (SPAC). It plans to pursue addition consolidation opportunities following that marriage. In a Form S-1 filing with the Securities and...

Todd Shriber January 16, 2021

Minnesota Sports Betting Bills Coming Next Week, Odds of Passage Appear Long

Minnesota lawmakers from both sides of the aisle are readying sports wagering legislation that could be introduced as soon as next week. Despite the bipartisan push, it's going to take some work to pass a comprehensive bill. State Rep. Pat Garofalo (R-Farmington)...

Todd Shriber January 16, 2021
Melco Resorts

Melco Resorts Debt Could Swell to $7 Billion Warns Moody’s

Melco Resorts & Entertainment (NASDAQ:MLCO) could see its debt burden balloon over the next 12 to 18 months. That's as the pace of recovery in the world's largest casino center remains lethargic. The company is one of the six concessionaires in the...

Todd Shriber January 15, 2021
Playtika IPO

Playtika Soars After IPO Priced Above Expected Range

Mobile gaming company Playtika (NASDAQ:PLTK) is surging in its first day of trading after its initial public offering (IPO) was priced well above estimates. In a Form S-1 filing last week with the Securities and Exchange Commission (SEC), the Israeli company said...

Todd Shriber January 15, 2021
Golden Nugget IPO

Fertitta Eyeing Another SPAC Deal to Bring Golden Nugget, Landry’s Restaurants Public

Tilman Fertitta is reportedly in discussions with Fast Acquisition Corp. (NYSE:FST) on a merger that would provide an avenue for the billionaire to bring his Golden Nugget casinos and Landry's restaurants operations public. Shares of Fast, a special purpose acquisition company (SPAC),...

Todd Shriber January 14, 2021