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
4291 stories by Todd Shriber
Former Penn National Software Engineer Charged with Insider Trading
The Securities and Exchange Commission (SEC) today said it’s charging an ex-Penn National Gaming (NASDAQ:PENN) employee with insider trading. The charge stems from the casino operator’s $2 billion purchase of Score Media and Gaming. In a complaint filed in federal district court...
Macau Gaming Law Now Mandates Operators Can’t Directly Invest in Each Other
The third version of Macau’s still in-the-works revised gaming laws will reportedly mandate that concessionaires and their biggest investors cannot directly invest in competitors. But they can indirectly own up to 5% of rivals. The stipulation on investors applies to those owning...
PointsBet Reportedly Rebuffed Murdoch-led Group Bid for Aussie Business
PointsBet (OTC:PBTHF) reportedly turned back an acquisition offer for its Australian unit valued at up to $211.1 million. The bid came from a group led by Rupert Murdoch’s News Corp and legendary Aussie bookmaker Matthew Tripp. Citing unidentified sources familiar with the...
Caesars Deleveraging Story Poised for Dramatic Acceleration, Says Analyst
Caesars Entertainment’s (NASDAQ:CZR) debt burden stood at $13.5 billion at the end of March -- among the highest in the gaming industry -- but one analyst sees the company’s debt-reduction efforts potential accelerating over the near-term. In a recent note to clients,...
Sports Betting Advertising Soars 281% Through May
Sports wagering national advertising nearly quadrupled for the nine months ending May 31, soaring 281% to $282 million over that period, according to iSpot.tv. From September 2021 through May 2022, total impressions jumped 48% to 18.2 billion, compared with the year earlier...
Penn National Casino Spending Resilient, Digital Premium Gone, Says Analyst
Penn National Gaming’s (NASDAQ:PENN) land-based casinos remain sturdy. But investors are no longer assigning a premium to the operator’s digital business, which includes Barstool Sportsbook. However, resilient spending among patrons frequenting regional casinos isn’t satisfying market participants, as highlighted by Penn’s 40%...
MGM Selling Gold Strike Operating Rights to Tribal Buyer for $450 Million
MGM Resorts International (NYSE:MGM) is selling the operating rights to Gold Strike Hotel & Casino in Tunica, Miss. The buyer will be Cherokee Nation Entertainment Gaming Holdings, LLC for $450 million in cash. The Las Vegas-based gaming company made the announcement after...
Gold Strike Tunica Union Workers Land Pay Raises
Union workers at MGM Resorts International’s Gold Strike Hotel & Casino in Tunica, Miss. are getting pay hikes in a new three-year labor agreement. The accord was unanimously approved by various labor organizations. Among the Gold Strike staffers receiving raises are 50...
Caesars, Peyton Manning Partnering on Omaha Productions Audio Content
Caesars Entertainment and Peyton Manning are teaming up again, with the casino operator signing on for a multi-year strategic partnership with the Hall of Fame quarterback’s Omaha Productions. Affectionately named for an audible call Manning used during his playing days, Omaha Productions...
Las Vegas Sands Invests in Betting Technology Firm Huddle Tech
Las Vegas Sands (NYSE:LVS) is wading into the fast-growing online gaming market with an investment in gaming technology provider and software developer Huddle Tech. Financial terms of the deal weren’t disclosed. Huddle Tech is a newly formed company resulting from the recent...