Todd Shriber

Reporter: Todd Shriber

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Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for

Todd 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 the trading sector and international ETFs leading up to and during the financial crisis. He joined in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's,, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at

Areas of Expertise

2612 stories by Todd Shriber

barry diller

MGM Investor Barry Diller Gets Limited License from Nevada Gaming

The Nevada Gaming Commission (NGC) has granted a limited license to Barry Diller, the media mogul whose IAC/InterActiveCorp (NASDAQ:IAC) is the largest shareholder in MGM Resorts International (NYSE:MGM). That's following an inquiry into a federal investigation of the billionaire’s purchase of Activision...

Todd Shriber May 20, 2022
Bally's stock

Bally’s Stock Sentiment Close to Bottom, Says Analyst

Bally’s (NYSE:BALY) is among the many repudiated gaming equities. A 12-month decline of 53.49% confirms as much. But at least one analyst says sentiment on the downtrodden name is nearing a bottom. In a note to clients, Stifel’s Jeffrey Stantial reiterates a...

Todd Shriber May 19, 2022

MGM, Penn Among Contributors to Casino Stock Buyback Bonanza

Led by MGM Resorts International (NYSE:MGM) and Penn National Gaming (NASDAQ:PENN), among others, casino stocks are prime territory for share repurchase programs. Gaming industry shareholder rewards, including buybacks and dividends, were halted in the early days of the coronavirus pandemic. But casino...

Todd Shriber May 19, 2022
BetMGM gift cards

BetMGM Expands Gift Card Distribution to Grocery, Hardware Stores

BetMGM and its gift card partner TAPPP are unveiling a massive expansion of that progam's gift card distribution network. On Tuesday, the companies said the number of retail stores carrying BetMGM gift cards will “roughly double” in the current quarter to more...

Todd Shriber May 18, 2022
casino stock

Baron Real Estate Fund Adds Sands, Bullish On Other Casino Stocks

The Baron Real Estate Income Fund, one of the best-performing actively managed real estate funds, added shares of Las Vegas Sands (NYSE:LVS) in the first quarter. It remains constructive on several other casino stocks in its portfolio. In the first three months...

Todd Shriber May 18, 2022
Penn stock

Penn National Analyst Says Share Price Indicates ‘De Minimis Value’ for Digital Gaming

The 61.35% loss incurred by Penn National Gaming (NASDAQ:PENN) stock over the past year places it at a price where the shares reflect “de minimis value” for online gaming operations, according to a sell-side analyst. That’s the sentiment of Jefferies analyst David...

Todd Shriber May 18, 2022
Cosmopolitan Las Vegas

Cosmopolitan Las Vegas Now MGM Venue as Buyer Rapidly Completes Purchase

The Cosmopolitan Las Vegas is officially part of the MGM Resorts International (NYSE:MGM) portfolio of integrated resorts, as the gaming company closed its acquisition of the Strip venue today. MGM announced last September it’s paying $1.6 billion to Blackstone for Cosmopolitan’s operating...

Todd Shriber May 17, 2022
Light & Wonder

Light & Wonder Rockets Higher on Bullish Investor Day Comments

In its first investor day as Light & Wonder (NASDAQ:LNW), the gaming company offered up a bullish outlook, including a forecast of a total addressable market of $70 billion, sparking a rally in the shares. In late trading, shares of the company...

Todd Shriber May 17, 2022
Melvin Capital

Melvin Capital Reveals Stake in MGM Resorts

Gabe Plotkin’s Melvin Capital Management -- one of the hedge funds burned by the early 2021 rally in shares of GameStop (NYSE:GME) -- is trying a different type of gaming equity. The firm’s 13F filing with the Securities and Exchange Commission (SEC)...

Todd Shriber May 17, 2022
Land & Buildings

Land & Buildings Dumps Caesars, VICI Stakes

Jonathan Litt’s Land & Buildings Investment Management, LLC (L&B) eliminated its gaming equity exposure in the first quarter, dumping stakes in Caesars Entertainment (NASDAQ:CZR) and VICI Properties (NYSE:VICI). The investment firm’s first-quarter 13F filing with the Securities and Exchange Commission (SEC) indicates...

Todd Shriber May 17, 2022

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