Activist investor Eminence Capital has boosted its stake in Ladbrokes owner Entain to 5.8 per cent, making it the third biggest shareholder in the gambling giant.

It follows Entain’s decision to hand Eminence, which started the month with a holding of around 4.7 per cent, a number of board seats last month.

Entain PLC has been notified of significant changes in share ownership, with Eminence Capital, LP reaching a voting rights threshold of 5.814781% on June 3, 2024.

The total number of voting rights now held by Eminence Capital is 37,154,030, a situation confirmed on the date the threshold was crossed. This notification includes the complete control chain with Ricky C. Sandler at the helm of Eminence Capital, LP.