He started buyng shares in the open market during march and it is currently increasing is position at a huge pace.
According to Bloomberg he is buyng every single day in the open market million of $ of shares.
Right now he owns 27,6% of $FLTR (-1,99 %) and there are speculations of a possible take over.
The most amazing thing is that accoridng to his 13F filing it is the only american company he owns!!
He is betting his fortune only on this company, many speculates that he knows something that the market don't know yet and that's why he is stacking up shares massively.
It is not the first time that he bought a sin stock.
He was famously invested in tobacco companies like $BATS (-1,31 %) , but now he has sold that position to increase his stake in the gambling sector.
During his interviews he explained that he like to buy at cheap prices in sectors that are overlooked by the market and $FLTR (-1,99 %) right now is cheap on every metric.
He is currently increasing position in another swedish gambling company called Evolution $EVO (-0,95 %) and now he owns more than 30%.
https://affpapa.com/billionaire-kenneth-dart-becomes-biggest-flutter-shareholder/