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.
-
Recent Slot Releases4 weeks agoUnearth an eruption of treasure in 3 Oaks Gaming’s Grab More Gold!
-
partnerships3 weeks ago
William Hill chooses Dizplai to add real-time score updates and odds to its Betting TV service for in-store and online customers
-
Africa4 weeks ago
EGT Installs its Gaming Equipments at Grand Palace Casino in Cameroon
-
Africa4 weeks ago
South African Casino Player Celebrates Striking Wins on Various Slot Games
-
Baltics3 weeks ago
Nordcurrent Acquires River End Games from Amplifier Game Invest
-
Betfair Colombia4 weeks ago
Stake Expands into Colombian Market with Acquisition of Betfair Colombia and License Approval until 2025
-
partnerships3 weeks ago
Clarion Gaming announce new Charity Partner
-
Latin America3 weeks ago
Smartsoft has officially stepped into the digital sponsorship role for the Argentine football team
