Dec 5, 2023
Ladbrokes and Coral owner to pay £585m over bribery allegations
Gambling giant Entain will pay HMRC £585m to settle over bribery allegations relating to a Turkish firm that it previously owned. Entain, which owns Ladbrokes, will also make a charitable donation of £20m and pay towards the costs of the case. In particular, it was looking at allegations that Entain, which was then known as GVC, failed to have adequate procedures in place to prevent bribery. Entain says the group has undertaken a comprehensive review of its anti-bribery policies and procedures. In a statement, Barry Gibson, Entain's chairman, said: "This is the final step in a process that has hung over our business since HMRC launched its investigation into a business that was sold by a former management team six years ago."
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