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,, and The Wall Street Journal. His work has been published on sites such as Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and He joined the 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:

Areas of Expertise

1467 stories by Todd Shriber

Card room

Los Angeles Card Room Closures Putting Communities on Financial Brink

Following another wave of coronavirus cases in Los Angeles, local card rooms shuttered a second time last week, bringing more financial strain to the towns in which those venues operate. On Tuesday, Los Angeles County reported 7,593 new coronavirus cases. This easily...

Todd Shriber December 2, 2020
FanDuel founders

FanDuel, Private Equity Backers Want Scottish Law Used in Suit, But Judge Unsure

FanDuel and private equity shops KKR and Shamrock Capital are asking New York Supreme Court Justice Andrea Masley to apply Scottish law in a suit brought by founders Nigel and Lesley Eccles and Thomas Griffiths. But the judge is indicating the defendants...

Todd Shriber December 1, 2020
Belle of Baton Rouge

Caesars Says Bye-Bye to Belle of Baton Rouge, Property Reeg Once Wouldn’t Stay At

Caesars Entertainment (NASDAQ:CZR) continues divesting assets, with the company saying today it's selling the Belle of Baton Rouge riverboat casino to CQ Holding Company, also known by the Casino Queen brand. Financial terms of the deal weren't disclosed. Caesars owns the operating...

Todd Shriber December 1, 2020
Regional Casinos

Caesars, Monarch Price Targets Hiked, Analyst Sees Investors Looking Past Coronavirus Headwinds

Caesars Entertainment (NASDAQ:CZR) and Monarch Casino & Resort (NASDAQ:MCRI) are among the gaming equities favored by Truist Securities analyst Barry Jonas. That's even as regional casinos encounter near-term hurdles because of a recent surge in coronavirus case counts. Over the course of...

Todd Shriber December 1, 2020
Colorado Betting

Colorado Sports Wagering Handle, Tax Receipts Notch Records in October

For the sixth consecutive month, Colorado's sports betting handle hit all-time highs in October, and tax revenue finally went along for the ride. In the tenth month of 2020, the total amount wagered on sports online and at the Centennial State's retail...

Todd Shriber November 30, 2020
DraftKings Canada

DraftKings Is Royal Idea as Canada Embraces Conventional Sports Wagering

DraftKings (NASDAQ:DKNG) is a gaming equity for investors to consider, as Canadian policymakers mull legislation that will allow betting on individual sporting events, according to one analyst. On Monday, Credit Suisse analyst Benjamin Chaiken highlighted the stock as a play based on...

Todd Shriber November 30, 2020
Marquee Raine

Cubs Owner Ricketts, DraftKings Investor Raine Group Starting SPAC Targeting Sports Deals

Chicago Cubs owner Tom Ricketts and venture capital firm Raine Group are creating a special purpose acquisition company (SPAC) that will focus on transactions across the sports universe, including betting opportunities. In an S-1 filing with the Securities and Exchange Commission (SEC),...

Todd Shriber November 28, 2020
Century Casino

Score Media, Penn Among Potential Winners as Canada Moves Toward Single-Game Betting

On Thursday, Canada's Liberal Party introduced legislation that would end the country's ban on single-game sports wagers. That sparked rallies in some equities with exposure to the country's betting market. Currently, Canadian gamblers can wager on parlays authorized by provincial lotteries. But...

Todd Shriber November 28, 2020
Londoner Macau

Londoner Macau Slated to Open February 2021

Sands China's Londoner Macau is nearing completion and is on pace to open in February, potentially positioning the venue to capitalize on rebounding traffic next year in the world's largest casino center. Wilfred Wong, president of Sands China, commented to local media...

Todd Shriber November 27, 2020
Golden Nugget

Golden Nugget Online Wins New Jersey Approval for Landcadia SPAC Marriage

The New Jersey Casino Control Commission (CCC) Wednesday approved a license for Tilman Fertitta's Golden Nugget Online Gaming (GNOG). It's a move that will allow the internet casino operator to merge with a blank-check company and become a publicly traded entity. In...

Todd Shriber November 25, 2020