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

DraftKings Stock Is Scorching Hot, Beloved by Younger Investors

DraftKings (NASDAQ:DKNG) is popular among the younger demographics, including millennials and Generation Z, that are so coveted by gaming companies. Investors in those age groups appear fond of DraftKings stock, too. The name has more than doubled since its April 24 initial...

Todd Shriber June 2, 2020

Score Media Doesn’t Know Why Stock Soared. Hint: It’s Sports Betting Fever

Score Media and Gaming Inc. (OTC:TSCRF), a Canadian sports betting and media company, isn't quite sure why it's stock soared Monday. But regulators in the Great White North nonetheless wanted an explanation. In the US. Score stock trades on the pink sheets,...

Todd Shriber June 2, 2020

Vici Properties Says All May Rent Paid, Provides Some Relief to Former Parent Caesars

Vici Properties (NYSE:VICI) said Monday all of its tenants paid rent last month, no small feat when many domestic casinos were closed for more than half of May and all of April. The gaming real estate investment trust (REIT) also said it...

Todd Shriber June 1, 2020

California Sports Betting Gains Momentum as State Scrambles for Cash, Estimates Swell

Staring down a budget deficit of $54 billion that policymakers claim was forced by the coronavirus, California is scrambling for ways to raise revenue, breathing new life into efforts to legitimize sports betting there in the process. Last week, Sen. Bill Dodd...

Todd Shriber June 1, 2020

Genting Berhad Hit With Lower Credit Rating as S&P Forecasts Slow Business, Rising Leverage

Standard & Poor's (S&P) has trimmed its credit rating on Asian gaming giant Genting Berhad, saying business will remain slow in some of the operator's crucial markets following the coronavirus pandemic. The service also said that corporate leverage could increase as a...

Todd Shriber June 1, 2020

Macau Experiences May Showers as Gross Gaming Revenue Plunges 93 Percent

May was another brutal month for Macau, as gross gaming revenue (GGR) in the world's largest casino center plunged 93.2 percent. Strict travel controls continue to hamper the Special Administrative Region's (SAR) recovery efforts. Earlier today, the Gaming Inspection & Coordination Bureau...

Todd Shriber June 1, 2020

Louisiana Voters Likely Getting Sports Wagering Say This Year, No Bets Until at Least 2021

Louisiana voters are likely getting the opportunity to decide the fate of sports betting, with the issue scheduled to appear on November ballots. But it will be 2021 at the earliest before legitimate wagers are accepted in the Pelican State. After sports...

Todd Shriber May 30, 2020

Fox Ups Flutter Bet as FanDuel Parent Sells $1 Billion of New Equity

Fox Corp. (NASDAQ:FOXA) is boosting its stake in Betfair and Padd.yPower parent Flutter Entertainment.  The world's largest online gaming company said earlier this week it's selling $1 billion worth of equity in a secondary offering. Flutter, which also owns FanDuel, among other...

Todd Shriber May 30, 2020

Penn National Scores Price Target Hike, Analyst Gushes Over Barstool, iGaming

On a mostly lethargic day for gaming equities, shares of Penn National Gaming (NASDAQ:PENN) are standing out, thanks to a sell-side analyst boosting his price target on the stock in dramatic fashion, citing catalysts including Barstool Sports and online casinos. In a...

Todd Shriber May 29, 2020

New Jersey Regulators Won’t Discuss Eldorado/Caesars Deal at June Meeting

The long-awaited discussion of Eldorado Resorts' (NASDAQ:ERI) $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR) by New Jersey regulators is being pushed back, potentially delaying efforts to wrap up the deal in June. The New Jersey Casino Control Commission (CCC) is scheduled to...

Todd Shriber May 29, 2020