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
Betfred Could Consider Full Departure from US Sports Betting Market
Amid sluggish profits, Betfred halted its sports wagering offerings in Maryland last month. At the end of this month, the company is pulling the plug on its operations in Colorado and Ohio and it might not be long before the British bookmaker...
NBA Awards Voters Barred from Betting on Those Markets
In news that elicited reactions of “It was allowed?” and “What took so long?”, the NBA will forbid awards voters from wagering on those markets. “NBA on TNT” reporter Jared Greenberg broke the news earlier Friday, citing the league’s communications office. NBA...
Penn Entertainment Has ‘Unrecognized Value,’ Says Analyst
Shares of Penn Entertainment (NASDAQ: PENN) are on a wild ride as highlighted by a 26% year-to-date drop and a 20.7% surge over the past 90 days -- the latter indicating the potential is there for a durable resurgence. Some analysts remain...
Some Bettors Sell Stocks to Fund Sports Wagering Habit, Says Study
It’s often quipped that “the stock market is a casino,” but some bettors are taking that faulty phrase to heart and selling investments to fund sports wagering habits. That's according to the recently published working paper, "Gambling Away Stability: Sports Betting’s Impact...
Long Island Lawyer Pushes Hochul to Expedite NYC Casino Process
A Long Island attorney that supports Las Vegas Sands’ efforts to build a $6 billion integrated resort at the site of Nassau Coliseum encouraged Gov. Kathy Hochul (D-NY) to approve legislation that would accelerate the bidding process for three downstate casino licenses...
MGM Partnering with Grupo Globo for Brazil Sports Betting Permit
MGM Resorts International said today it is partnering with Latin American media conglomerate Grupo Globo to pursue a sports wagering and iGaming license in Brazil. Should MGM win the permit, which could happen before the end of this year, it would debut...
Icahn Reveals Caesars Stake Is 2.44 Million Shares
Shares of Caesars Entertainment (NASDAQ: CZR) rallied Thursday after Carl Icahn’s Icahn Enterprises (NASDAQ: IEP) revealed its recently initiated stake in the casino operator is 2.44 million shares. To be precise, Icahn owns 2,440,109 shares of the gaming stock, according to a...
DraftKings Surcharge Gambit Was ‘Head Fake,’ Says Analyst
Shares of DraftKings (NASDAQ: DKNG) closed higher by almost 2% Wednesday on volume that was more than double the daily average after the company reversed course on a previously announced plan to tax winning sports bets in four high-tax states. In a...
Flutter Mulls Acquisition of Playtech’s Snaitech Unit
Flutter Entertainment (NYSE: FLUT) is reportedly in talks to acquire Playtech’s (LSE: PTEC) Snaitech business, news that sent shares of the target’s parent soaring in London trading. Media reports indicated FanDuel could pay as much as $2.56 billion for Snaitech, which represents...
FanDuel Deals Blow to DraftKings, Says No to Surcharge
***UPDATE: Soon after Flutter said it will not proceed with a surcharge, DraftKings announced it is reversing course and will not tax winning sports bets in Illinois, New York, Pennsylvania, and Vermont. DraftKings said the move was made in response to listening...