Billionaire Kenneth Dart, the reclusive, Cayman Islands-based heir to his family’s eponymous plastic-cup fortune, made $4 billion from a contrarian bet on Big Tobacco. Now, he’s turned his attention to another vice.
Since April, the 70-year-old investor has unloaded billions in tobacco stocks and bought a major stake in sportsbook operator Flutter Entertainment Plc. That complements a position in Swedish online casino firm Evolution AB that he began building last year, currently worth about $2.9 billion.
Read More: Billionaire Dart Takes 5% Stake in Swedish Group Evolution
“Sin stocks — they’re the stocks everyone’s supposed to hate, but ...
