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.
-
Africa5 days agoLogifuture-powered Bet9ja partners with heavyweight boxing sensation Moses Itauma
-
Balkans5 days ago
Amusnet Named Leading Software Company in Bulgaria
-
Central Europe5 days ago
Brightstar Lottery Upgrades Retail Central System for Lotto Saxony in Germany via New Seven-Year Contract
-
Australia4 days ago
Tracy Parker Joins Judging Panel for Inaugural RTG Global Awards
-
Australia4 days ago
JCM Global Celebrates 70 Years of Industry-leading Innovation at AGE
-
AU10TIX5 days agoAU10TIX Launches Free Assessment Tool and Readiness Guide to Help Organizations Navigate Child Safety Age Assurance Compliance
-
Asia4 days ago
Philippine Senate to Launch Inquiry into Online Gaming industry
-
CT Interactive5 days ago
CT Interactive Announces Strategic Partnership with Ondiss
