Entain Plc has communicated that it has exited 140 markets to comply with its new corporate responsibilities and duties to investors.

As reported this weekend by the Financial Times, Entain published an internal document stating its exit from markets with no regulatory regimes such as Antarctica and Vatican City.

The FTSE100 company is expected to initiate more withdrawals from other markets as part of an agreement with UK prosecutors signed into force last December in relation to an investigation by British authorities into Entain’s Turkish subsidiary, Headlong Limited.

Approved by Dame Victoria Sharp, President of the King’s Bench Division at the Royal Courts of Justice at the Crown Court of Southwark, the terms of the settlement included a £600m-plus penalty in addition to the bookmaker’s commitment to leave unregulated markets.