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

1566 stories by Todd Shriber

Fox FanDuel

Fox Takes Gloves Off, Could Yank FanDuel from Air in Flutter Legal Dispute

Fox Corp. (NASDAQ:FOXA) apparently isn't holding back in its legal spat with Flutter Entertainment (OTC:PDYPY). The media company is rumored to be threatening to pull the Irish gaming firm's FanDuel brand from its airwaves. The speculation is tied to a suit the...

Todd Shriber April 10, 2021
Bill Hornbuckle

MGM CEO Hornbuckle Says Las Vegas Is Back, Eyes Foothold in New York Sports Betting

MGM Resorts International (NYSE:MGM) CEO Bill Hornbuckle says the Las Vegas recovery trajectory is solid, and the gaming company is taking steps to rejuvenate vital convention business that suffered at the hands of the coronavirus pandemic. Earlier this week, the largest operator...

Todd Shriber April 9, 2021
Genius Sports

NFL Lands Genius Sports Stock Worth Almost $450 Million Tied to Data Agreement

The NFL is getting a plumb deal on Genius Sports stock related to the parties' recently announced six-year data agreement. The sports betting data provider is granting the most popular domestic sports league 22.5 million equity warrants at a penny apiece. Based...

Todd Shriber April 9, 2021
Century stock

Century Casinos Stock Soaring, But Still Cheap, Says Analyst

Century Casinos (NASDAQ:CNTY) stock is up a scintillating 78 percent year-to-date and 39.47 percent over the past month. But it's not expensive. That's the view of Union Gaming analyst John DeCree, who reiterates a “buy” rating and $15 price target on the...

Todd Shriber April 8, 2021
MGM Wynn

MGM, Wynn Resorts Hunting for Big-Time Development Opportunities, Says Moody’s

MGM Resorts International (NYSE:MGM) and Wynn Resorts (NASDAQ:WYNN) will mull new, large-scale development opportunities around the world. That could result in the operators taking on significant debt, according to Moody's Investors Service. The research firm made the comments as part of fresh...

Todd Shriber April 8, 2021
Esports Technologies

Esports Technologies Eyeing IPO up to $10 Million, Could Debut Next Week

Las Vegas-based Esports Technologies is planning an initial public offering (IPO) in which it could raise up to $10 million. The company could list on the Nasdaq Stock Market as soon as next week. In an S-1 filing with the Securities and...

Todd Shriber April 7, 2021
Fox FanDuel

Fox Claims to Have Contract with Flutter for Fastball Price on FanDuel Investment

Things between Flutter Entertainment (OTC:PDYPY) and Fox Corp. (NASDAQ:FOXA) are getting testy. The former eyes a spin-off of the FanDuel business, and the latter seeks a position in the online sportsbook operator on favorable terms. A source familiar with the matter told...

Todd Shriber April 7, 2021
DraftKings New York

DraftKings Primed for Dominant New York Perch, Say Analysts

New York Gov. Andrew Cuomo (D) and state policymakers reached a compromise Tuesday to bring mobile sports wagering to the state. Analysts are now speculating about probable winners under the state's framework, with some familiar names popping up, including DraftKings (NASDAQ:DKNG). As...

Todd Shriber April 7, 2021
FanDuel Fox

Fox, Flutter Fracas as Broadcaster Sues Over Price of FanDuel Stake

Fox Corp. (NASDAQ:FOXA) is reportedly suing Flutter Entertainment (OTC:PDYPY) over the price the Irish gaming company wants the media company to pay to acquire an 18.6 percent stake in online sportsbook operator FanDuel. It's long been known that the broadcasting giant plans...

Todd Shriber April 6, 2021
MGM Osaka

MGM Still Lone Wolf in Osaka Integrated Resort Bidding Process

Last month, the Osaka Prefecture government announced that April 6 is the deadline for companies to submit request-for-proposal (RFP) to potentially bid on an integrated resort in Japan's third-largest city. That deadline came and went with MGM Resorts International and partner Orix...

Todd Shriber April 6, 2021