Entain investors are seeking over £100 million in compensation from gambling firm

Entain investors are seeking over £100 million in compensation from gambling firm

Article brief provided by Mirror
  • Lawrence Matheson and Henry Saker-Clark, Mirror
June 12, 2024 3:50 PM
  • Lawrence Matheson and Henry Saker-Clark, Mirror

Investors in gambling giant Entain, are seeking over £100million in compensation, citing bribery and corruption issues at the entity formerly governing Ladbrokes’ Turkish operations.

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Legal firm, Fox Williams, announced intentions to lodge a substantial group litigation claim against Entain. The cause is alleged “failure to report honestly” on these issues. The development follows Entain – the owner of the Coral brand – agreeing to pay up £585million in punishments and disgorgement of profits subsequent to a probe by HM Revenue & Customs.

HMRC had been probing Entain over activities at the Turkish-facing business that it sold in 2017. Regulatory bodies commenced their analysis of suppliers in 2019 and, a year on, shifted focus onto GVC Group – which would later undergo rebranding as Entain.