BlackRock has re-upped its control in Entain, crossing the 5% threshold once again.
The US investment giant acquired another 0.95% of voting rights in the UK-based, LSE-listed gaming multinational yesterday, increasing its control to 5.01%.
It comes despite the fact that it has been a troubling time for Entain, with tax increases in its home market and wider regulatory uncertainty across Europe contributing to growing losses and a reduction in its workforce and share price.
The company has now become the largest gambling operator listed on the LSE, however, following Flutter Entertainment’s delisting at the end of July. It is also the only gambling company on the FTSE 100 index.
