Down Over $4B On Flutter, Kenneth Dart Gambles on DraftKings By Taking Significant Stake in Company

Billionaire Kenneth Dart has taken a 5.8% stake in DraftKings through his investment group Candle Lake. Dart already owns almost 30% of rival FanDuel’s parent company Flutter. His investment in the Irish-based gambling group is down by over $4 billion, but he is betting that the gambling giants will make a strong reco…