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 Updates2 weeks agoGaming Control Board (GCB) Statement on Allegations Regarding Curaçao’s Licensing Reforms
-
Africa3 weeks agoPunt Casino Voted as “Best No Download Casino 2024” by Popular Guide SouthAfricanCasinos.co.za
-
BGaming3 weeks agoBGaming pens Brazilian multi-brand agreement with Cometa Gaming
-
Asia3 weeks ago
Natural8 India gives poker enthusiasts across the country a chance to become Asian Poker Tour (APT) champions from the comfort of their homes!
-
a leading B2B provider of iGaming solutions4 weeks agoAtlaslive’s Sportsbook Recognized with Silver Win at SBC Awards Latinoamérica 2024
-
Africa1 week ago
Celebrate the Holiday Magic with Springbok Casino’s Exclusive Christmas Stories and Claim 25 Free Spins on Top Slot: Cash Bandits 3
-
Australia4 weeks ago
Vanguard Overwatch is Hardening Gaming Venues Against Financial Crime and Working Towards Minimising Gambling Harm
-
Asia2 weeks ago
SuperGaming’s Indus Battle Royale surpasses 5 million downloads; concludes first international playtest in Manila
