Reporter:
Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.
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 Casino.org 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, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.
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 [email protected].
Areas of Expertise
4288 stories by Todd Shriber
Macau Casino Stocks Languish on New Money Transfer Rules
Macau casino stocks extended a now lengthy slump Monday on news that the Special Administrative Region (SAR) is attempting to criminalize unlicensed money transfers when the intent of the exchanged cash is for wagering purposes. China, of which Macau is a territory,...
Bill to Expedite NYC Casino Licenses on Life Support
Legislation to speed up bidding for three New York City-area casino licenses faces a bleak near-term outlook. The objective of the bill was to open the window for proposals by the end of this month, but that appears unlikely because there’s less...
Red Rock Tavern Biz Approved, Nears Tussle with Golden Entertainment
Earlier this week, the Nevada Gaming Control Board (NGCB) recommended for approval a plan by Red Rock Resorts to enter the gaming bar space in the Las Vegas Valley. That sets the stage for the casino operator to enter into even more...
DraftKings Surcharge Could Add $270M in Revenue, Says Research Firm
DraftKings’ (NASDAQ: DKNG) recently announced surcharge on winning sports bets in four states could generate up to $270 million in added gross gaming revenue, according to an estimate by Eilers & Krejcik Gaming (EKG). The gaming company said last week it will...
Rio Owner Dreamscape Cuts Staff at Las Vegas Casino
The Rio Hotel & Casino is going through a reduction in headcount. Owner Dreamscape Cos. confirmed layoffs at the off-Strip property to Las Vegas media on Thursday. New York-based Dreamscape didn't mention a specific number of positions that were eliminated at Rio....
MGM Osaka Building Pause Could Delay Opening, Increase Costs
MGM Resorts International (NYSE: MGM) could face two scenarios it was hoping to avoid in Osaka: a delayed opening date and higher construction costs for its planned casino hotel in Japan’s third-largest city. As widely reported during the years through which MGM...
Endeavor Looking for Buyers for Sports Betting Biz, Including OpenBet
Endeavor Group Holdings, Inc. (NYSE: EDR) is looking to sell its sports betting and data arm comprised of OpenBet and IMG ARENA. The company said those divestments are part of an effort to pat with select assets ahead of the $13 billion...
Penn CEO Quashes Takeover Speculation on Earnings Call
Penn Entertainment (NASDAQ: PENN) delivered second-quarter results earlier Thursday and recent speculation that the regional casino operator is a takeover target was briefly addressed on the company’s conference call with analysts. Regarding consolidation rumors of which their firms at the center, the...
Apollo Seeking $550 Million Venetian Dividend
Apollo Global Management (NYSE: APO) is asking Nevada regulators to approve a $550 million distribution from the Venetian on the Las Vegas Strip, which is operated by the private equity firm. On Wednesday, the Nevada Gaming Control Board (NGCB) approved the payout,...
Sphere Entertainment Lands Upgrade on Potential Economic Resilience
Shares of Sphere Entertainment (NYSE: SPHR) jumped 2.82% on Wednesday after the stock landed an upgrade from Seaport Research. In a note to clients, the research firm upgraded Sphere to “buy” from “neutral” with a price target of $48. That implies upside...