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

Trop Sportsbook

Caesars Lands Another $100 Target as Analyst Says ‘Little Credit’ Assigned to Sports Betting Unit

Caesars Entertainment (NASDAQ: CZR) is making waves in the gaming industry as it pushes forward with a $3.69 billion takeover attempt of William Hill (OTC:WIMHY). One analyst sees significant upside ahead for the Flamingo operator. In a note to clients Monday, Union...

Todd Shriber October 6, 2020
Bradley Tusk

IG Acquisition, Latest SPAC with Possible Gaming Desires, Raises $300 Million in IPO

IG Acquisition Corp. (NASDAQ:IGACU) recently raised $300 million in an initial public offering (IPO). The special purpose acquisition company (SPAC) was founded by former high-level gaming industry executives and a venture capitalist, Bradley Tusk. That IPO could increase to $375 million if...

Todd Shriber October 6, 2020
Twin River

Twin River Forecasts Q3 Revenue up to $130 Million, Sells $125 Million in Debt

Regional gaming company Twin River Worldwide Holdings (NYSE:TRWH) delivered an early look at its third-quarter results today. It expects earnings before interest, taxes, depreciation and amortization (EBITDA) of $30 million to $40 million on revenue of $100 million to $130 million. At...

Todd Shriber October 6, 2020
Macau tourists

Macau October Visitation Trending Lower, Analyst Calls Golden Week Start ‘Disappointing’

Macau tourist traffic is likely to falter again this month because of a rough start to the highly anticipated Golden Week festival, among other factors. In a note to clients today, Roth Capital analyst David Bain said the world's largest gaming center...

Todd Shriber October 5, 2020
Kewadin Casinos

GAN Stock Soars on 10-Year Michigan Deal with Wynn Resorts

GAN Ltd. (NASDAQ:GAN) stock is higher by more than 13 percent in midday trading, making it one of the best-performing names in the gaming space to start the week. The rise came after the company said it struck a 10-year pact with...

Todd Shriber October 5, 2020
DraftKings Share Sale

DraftKings Announces Massive Secondary Offering, Forecasts Q3 Revenue up to $133 Million

DraftKings (NASDAQ:DKNG) stock is tumbling Monday after the daily fantasy sports (DFS) provider said it's selling 32 million shares of equity to raise capital, and that it expects third-quarter revenue of $131 million to $133 million. The company said sales increased 97...

Todd Shriber October 5, 2020
Playboy Club

Mountain Crest SPAC Buying Playboy for $381 Million, Gaming Deals in Play

Mountain Crest Acquisition Corp. (NASDAQ:MCAC) is paying $381 million to acquire Playboy Enterprises. It's a move that will return the venerable men's media property to public markets, and could result in future acquisitions of gaming companies. Under the terms of the deal,...

Todd Shriber October 4, 2020
Fred Done

Betfred Founder Done Considering Competing Offer for William Hill

Betfred founder Fred Done is reportedly considering raining on Caesars Entertainment's (NASDAQ:CZR) parade and making a higher offer for William Hill (OTC:WIMHY). Following a lengthy period of speculation, the Caesars Palace operator last week agreed to acquire William Hill for $3.69 billion...

Todd Shriber October 4, 2020
SPAC deals

Sports Entertainment Acquisition, SPAC with Possible Gaming Ambitions, Upsizes IPO to $400 Million

Sports Entertainment Acquisition Corp. (NYSE:SEAH.U), a special purpose acquisition company (SPAC), said today it priced 40 million units at $10 apiece, topping the previously estimated size of its initial public offering (IPO). The Florida-based company is the latest in a growing line...

Todd Shriber October 2, 2020
Macau visitation

Macau Travel Numbers Improving this Month, Say Analysts

This could finally be the month Macau visitation numbers and gross gaming revenue (GGR) markedly turn for the better, according to industry analysts. But the world's largest casino center still faces challenges. On Thursday, the Macau Gaming Inspection and Coordination Bureau said...

Todd Shriber October 2, 2020