AI Summary
Sign in to listen

Better Collective investor BLS Capital axes voting stake

The Danish asset investment firm's capital and voting stakes now sit at 8.31%, down from 15.1%.

1 min read
BLS-Capital
Key Points
BLS Capital has reduced its voting share in Better Collective to 8.31%
This change marks an almost 45% reduction in investment into the affiliate
The company’s share price remains unchanged, with BLS remaining its largest external shareholder

BLS Capital Fondsmæglerselskab has reduced its voting stake in Better Collective by 44.9%, triggering a formal notice to the Copenhagen-based affiliate.  

Indeed, this change has seen one of Better Collective's major shareholders reduce its voting rights just under a year after it had increased them to 15.1%. Contextually, according to the affiliate's public shareholder information, Co-Founders Christian Kirk Rasmussen and Jesper Søgaard each retain a 17.82% voting rights, with BLS Capital remaining the largest external entity invested in the company.  

However, the recent reduction places BLS Capital just ahead of Henrik Lind – which yields a 6.53% voting stake – and Bolero Holdings – with a 5.24% voting stake. BLS Capital's stake reduction has taken the company below the 10% disclosure threshold, yet Better Collective's share price remains stable, up 1.25% over the past week as of the time of writing.  

This latest development comes at a pivotal time for the affiliate, which has so far enjoyed a more positive calendar year during 2026 than the prior year, reporting rises of 5% and 9% for Q1 and Q2 revenues, respectively.  

Further, the group observed a 20% year-on-year upswing in EBITDA before special items over the course of the second quarter, with a recent investment into the prediction market sector driving CPA growth of 50% year-on-year across the North American market.  

Elsewhere recently, Thomas Plenborg also joined the affiliate as Chair of the Board in March, signifying a further shift in the organisation's senior executive team and evolving the focal points of its long-term growth strategy.  

 

 

Good to know

Voting rights are now always directly reflective of investment, and BLS remaining Better Collective's largest shareholder could signify continued confidence in the firm

Reaction Board

Set Global Gaming Insider to be your preferred search result

News Analysis

View All
Europe Live casino

Why live casino is climbing the priority list for European operators

Live casino’s global growth is accelerating, with Europe at the centre of its development.

3 min read • • By Marieta Lezaic
Ethical-gaming-lead-image

Special report: The commercial perception and reality of ethical gambling today

In an in-depth report featuring multiple expert contributions, Global Gaming Insider unpicks the past, present and future of ethical gambling, examining what exactly it means to be a responsible actor in the modern gaming industry.

30 min read • • By Will Underwood
Russ Q&A

The evolution of sponsorship: Paddy Power, ambassadors and football podcasts

Global Gaming Insider Editor Tim Poole speaks with Connecting Brands Director Russell Yershon on the evolving role of betting sponsorships, from traditional sports partnerships to podcasts, content creators and ambassadors.

7 min read • • By Tim Poole

In The News

View All
Esquel
[STANDARD IMPORTANCE]

Chubut legislature demands court update on Esquel casino closure

Chubut's Chamber of Deputies has ordered the province's top court to detail the legal status of a shuttered casino operator's assets, as laid off workers continue waiting for severance payments.

· Legal & Regulatory + 4