Billionaire investor and Cayman Islands recluse Kenneth Dart has spent the last few months quietly restructuring his investment portfolio. 

From share increases in public facing Flutter Entertainment and DraftKings, to consolidations in gambling infrastructure like Hacksaw AB and Evolution, the ‘Red Cup’ heir has seemingly swapped ‘sin stocks’ in Tobacco for a larger cut of the gambling industry. 

But a question many analysts have is: why? 

On this episode of iGaming Daily, host Charlie Horner sits down with SBC Editor Ted Orme-Claye and SBC Journalist Patrick Killeen to discuss Dart’s recent investments, what they signal about industry confidence and future trends. 

“He clearly sees some positives for the industry going forward, sees the chance to get some good dividends from it,” Orme-Claye said, “I think it’s definitely a positive sign that someone like Ken Dart is putting his money where his mouth is”.

Both Orme-Claye and Killeen agree that Dart’s growing gambling stock portfolio is a long game, “You see a lot about volatile stocks these days, and while they can be volatile, it’s not really the case. He is not a man with a small portfolio. He doesn’t lack patience,” said Killeen. 

Watch the full discussion here.