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

1193 stories by Todd Shriber

Macau Rebound

Macau Rebound Beset by Delays as ‘Friction’ Sets In

Hopes for an earnest fourth-quarter recovery in the gaming mecca of Macau are on hold. Hurdles continue impeding travelers seeking entry into the Chinese territory. That deals a blow to expectations that the last three months of 2020 would shape up better...

Todd Shriber October 19, 2020
Wynn Las Vegas

Caesars, Wynn Offer Perks, Including Sports Betting, for Investors, Say Analysts

Caesars Entertainment (NASDAQ:CZR) and Wynn Resorts (NASDAQ:WYNN) are among the gaming names offering investors stout upside potential. While sports betting is all the rage in the industry these days, analysts see more to the stories with the two operators. Caesars stock is...

Todd Shriber October 19, 2020
Century Casinos

Century Casinos Could Be Next Gaming Winner, Analysts Sees Double Potential

Regional gaming company Century Casinos is on a tear from its March lows, surging nearly 466 percent over that span. But at least one analyst believes the stock has much more upside ahead, particularly if a “transformative” acquisition comes to pass over...

Todd Shriber October 18, 2020
betsperts

BETSPERTS Lands Another Seven-Digit Funding Round, Eyes LinkedIn Status

BETSPERTS, a social media platform focusing on sports betting, said it recently closed its second round of seven-figure venture funding, bringing in several new investors in the process. The Chicago-based company didn't disclose how much it landed in the most recent seeding...

Todd Shriber October 18, 2020
Playtika IPO

Playtika Inches Closer to US IPO Valuing Company at $10 Billion

Playtika Holding Corp., a provider of mobile games that was once controlled by Caesars Entertainment (NASDAQ:CZR), is moving closer to a US initial public offering (IPO). It filed related documents with the Securities and Exchange Commission (SEC) last week. The gaming company's...

Todd Shriber October 18, 2020

Caesars, MGM Sports Betting Exposure Isn’t Fully Appreciated, Says Analyst

Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM) are increasing exposure to the rapidly growing domestic sports betting industry. But one analyst argues that the financial market doesn't yet fully appreciate the operators' growing footprints in this arena. Through its pursuit of...

Todd Shriber October 15, 2020
Michael Jordan

Sportradar Earns Junk Credit Rating from Fitch, Outlook Stable

Sports data provider Sportradar landed a long-term issuer default rating of “B” with a “stable” outlook from Fitch Ratings after the privately held company sold $494.36 million in debt. That senior secured loan issue was graded “B+” by Fitch. Both marks are...

Todd Shriber October 14, 2020
Bally's brand sold

Twin River Buys Bally’s Brand from Caesars for $20 Million, Will Rename Most TRWH Casinos

Twin River Worldwide Holdings (NYSE:TRWH) said today it's acquiring the iconic Bally's brand from Caesars Entertainment (NASDAQ:CZR). The move that could resuscitate a name once synonymous with a bygone era in gaming. In a statement, TRWH didn't disclose the financial terms of...

Todd Shriber October 13, 2020
Wynn stock $150

Wynn Resorts Equity Has $150 Potential, Says Money Manager

Wynn Resorts (NASDAQ:WYNN) stock more than doubled off its March lows. But it's still in a funk this year, shedding nearly 48 percent as the coronavirus pandemic punishes gaming equities. However, one fund manager sees big things ahead for the Encore operator....

Todd Shriber October 13, 2020
DraftKings price target

DraftKings Analysts Can’t Help Themselves as Price Targets Move into $70s

Wall Street analysts covering DraftKings (NASDAQ:DKNG) are quite enthusiastic about shares of the sportsbook operator. That ebullience is on display again as a pair reveal nice price forecasts on the name that averages out to $73. Credit Suisse analyst Benjamin Chaiken initiated...

Todd Shriber October 13, 2020