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HomeBusinessEntain sets aside £585m for possible bribery penalty

Entain sets aside £585m for possible bribery penalty

Gambling giant is working with the Crown Prosecution Service to negotiate a final settlement

Coral and Ladbrokes owner Entain has set aside £585m to cover potential fines relating to a probe by HMRC into alleged bribery at its former Turkish business.

Entain said it has made the provision as it continues negotiations with the Crown Prosecution Service (CPS) following a four-year investigation.

The company had previously warned it might face a “substantial financial penalty” because of conduct at its former subsidiary in Turkey.

Authorities started investigating the firm’s suppliers in 2019, and a year later started to look at the GVC Group, which subsequently rebranded as Entain.

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