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

1463 stories by Todd Shriber

Wynn Genius Sports

Genius Sports, WynnBET Ink Sportsbook Deal, NASCAR, International Sports in Focus

Sports betting data provider Genius Sports and Wynn Resorts' WynnBET unit have reached an agreement to provide the sportsbook operator with data services. Financial terms of the pact weren't disclosed. London-based Genius is now providing WynnBET with its LiveData and LiveTrading services...

Todd Shriber February 16, 2021
Casino REITs

Casino REITs Beacons of Stability in Real Estate Sector

Last year, the real estate sector languished, as hotel and office real estate investment trusts (REITs) were punished at the hands of the coronavirus pandemic. Surprisingly, gaming landlords proved sturdy, despite multi-month casino closures. The three publicly traded casino REITs -- Gaming...

Todd Shriber February 15, 2021
Okada Manila

Okada Manila Operator on SPAC Search to Gain Nasdaq or NYSE Listing

Universal Entertainment Group is looking for a US-based special purpose acquisition company (SPAC) to partner with to list the Okada Manila integrated resort business on the Nasdaq or New York Stock Exchange (NYSE). The Japanese company declared its intentions to work with...

Todd Shriber February 14, 2021
theScore stock

Score Media to Reverse Split Stock, Hoping to Land Major US Exchange Listing

Score Media and Gaming Inc. (OTC:TSCRF), the Canadian sports wagering company also known as theScore, will reverse split its stock. The goal is gaining access to a major US bourse, such as Nasdaq or the New York Stock Exchange (NYSE). Currently, theScore's...

Todd Shriber February 12, 2021
Tropicana Las Vegas

Tropicana Las Vegas Listed for $384 Million, Post-Repair Value Could Be $500 Million

About a month after Tropicana was listed for sale again, owner Gaming & Leisure Properties (NASDAQ:GLPI) finally has an official asking price: $384 million, according to real estate web site MyHouseDeals.com. Rumors about the fate of the venue have circulated since March...

Todd Shriber February 11, 2021
MGM stock

MGM Execs Discuss Paring MGP Stake, Wall Street Focusing on Sports Betting, Strip Recovery

MGM Resorts International (NYSE:MGM) reported fourth-quarter results after the close of US markets Wednesday and in a subsequent conference call with analysts. The BetMGM unit and the operator's plans for its equity in MGM Growth Properties (NYSE:MGP) took center stage. On the...

Todd Shriber February 11, 2021
Playboy public company

Playboy Goes Public Again In SPAC Merger, Could Hunt Gaming, Sports Bet Deals

After nearly a decade as a privately held company, Playboy is again public, following its completion of a merger with special purpose acquisition company (SPAC) Mountain Crest Acquisition Corp. The blank-check entity said last October it was paying $381 million to acquire...

Todd Shriber February 11, 2021
Meister BetMGM

MGM Pops After Board Member Meister Touts Sports Betting Prospects

Shares of MGM Resorts International (NYSE:MGM) rallied ahead of the company's earnings report later today. That's after board member Keith Meister talked up the operator's sports betting prospects in an interview with CNBC. In late trading, shares of the Bellagio operator are...

Todd Shriber February 10, 2021
Palms Las Vegas

Palms Las Vegas Staying Closed for Now as Red Rock Prioritizes Free Cash Flow

Red Rock Resorts (NASDAQ:RRR) isn't planning to reopen Palms Las Vegas or its three other shuttered gaming outlets sooner than expected. Instead, the company will wait out Sin City's slow coronavirus recovery while emphasizing free cash flow generation at venues that are...

Todd Shriber February 10, 2021
DraftKings Stock

ARK Buys More DraftKings for Internet Exchange Traded Fund

Cathie Wood's ARK Investment Management is rapidly building a sizable stake in DraftKings (NASDAQ:DKNG) stock. The New York-based asset manager and exchange traded funds (ETFs) issuer bought another 443,500 shares of the daily fantasy sports (DFS) provider and online sports betting operator...

Todd Shriber February 10, 2021