Entain reaches £615 million settlement over bribes probe


Entain will pay £615 million ($777 million) to resolve a probe with UK prosecutors following an investigation into potential bribery offenses at its former Turkish business. 

A High Court Judge officially approved the deferred prosecution agreement between the gambling firm and the Crown Prosecution Service on Tuesday. It will pay a penalty of £585 million plus a further £10 million to cover the investigation and a £20 million charitable donation, which will be paid out over a four-year period.

HMRC had been probing Entain over activities at the Turkish-facing business that it sold in 2017.

The business had already set aside £585million in August to cover the potential penalties. The deal is still awaiting final approval from a court.

Entain chairman Barry Gibson said: “This legacy matter concerns a business which was sold by a former management team six years ago. The group has changed immeasurably since these events took place, and the DPA process has provided a reminder of the stark differences between the GVC of yesterday and the Entain of today.