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Entain sets aside £585m for possible penalties after bribery investigation

City

Entain sets aside £585m for penalties after bribery investigation

Coral and Ladbrokes owner Entain has set aside £585 million to cover a potential penalty after a Bribery Act investigation into its former Turkish business. Entain said it has taken the provision as it continues negotiations with the Crown ...

10 Aug 2023 at 09:35

City

Ladbrokes owner Entain agrees to pay £585m after bribery investigation

The company behind Coral and Ladbrokes will pay penalties of more than half a billion pounds after a probe into alleged bribery at a former Turkish subsidiary. Entain said it had reached an agreement with HM Revenue & Customs which would ...

24 Nov 2023 at 16:16

City

Boss of Coral and Ladbrokes owner Entain quits weeks after legal settlement

The boss of Coral and Ladbrokes owner Entain has stepped down just weeks after the group agreed a £615 million settlement to resolve a probe into alleged bribery at a former Turkish subsidiary. The gambling giant said Jette ...

13 Dec 2023 at 10:24

City

Ladbrokes owner ‘could face big penalty’ as it reveals talks with prosecutors

A nearly four-year bribery investigation into the owner of Ladbrokes could end in a “substantial financial penalty”. Entain said it is in talks with the Crown Prosecution Service (CPS) and admitted misconduct “may have ...

31 May 2023 at 08:25

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