Dodge & Cox
US Investment Firm Dodge & Cox Doubles Stake in Entain to 10%
UK-listed gambling company Entain has revealed that US fund management group Dodge & Cox last week doubled its stake.
The investment, which took its shareholding from 5.01% to 10.33%, took place on the same day Entain reported an update for the third quarter, during which group net gaming revenues rose 7% year-on-year.
As of the Ladbrokes owner’s closing share price on 1 November, the day before the investment, a 5.22% stake would have been worth around £310m.
Entain said on 2 November that it was on track to meet the upper end of its net gaming revenue guidance of $1.8bn to $2.0bn for the full year.
Dodge & Cox is a San Francisco-based investment manager with $323bn in assets under management as of the end of 2022.
-
Compliance Updates5 days agoESIC Implemented its Anti-doping Testing Programme at IEM Katowice 2025
-
Latest News5 days ago
The Untapped Potential of Localised Support January 2024
-
Latest News5 days ago
Oddsgate sponsors SBC RIO and presents an exclusive study
-
Bazk3 days ago
IBIA establishes innovative Payment Provider Forum to protect the integrity of the sports betting market in Brazil from financial fraud
-
BiS Awards4 days ago
Registration Open for BiS Awards 2025: Recognizing Excellence in the iGaming and Betting Industry
-
Asia5 days ago
Esports World Cup Foundation Announces Strategic Partnership with Tencent
-
Compliance Updates5 days ago
Swintt’s certified games ready to enter the Greek market
-
Australia4 days ago
ACMA Blocks More Illegal Gambling Websites
