The owner of Ladbrokes and Coral has agreed a deal with the Crown Prosecution Service (CPS) to pay £585m [$737m] after a bribery investigation.
Entain is paying the sum following a Bribery Act investigation by HM Revenue & Customs (HMRC) into its former Turkish business. Under investigation were activities of suppliers and former employees of the Entain group of companies. In particular, HMRC was looking at the alleged failure of the company to have adequate bribery prevention measures.
The business will also give £20m to charity and cover HMRC’s costs with a £10m payment.
The firm’s chairman, Barry Gibson, said: “This legacy matter concerns a business which was sold by a former management team six years ago.”
