British gambling firm Entain said on Thursday it had set aside 585 million pounds ($744.5 million) for a potential settlement with British authorities in relation to an investigation into potential bribery offences at its former Turkish business.
The investigation by the UK’s tax authority, HMRC, included a review of the gambling firm’s former Turkey-facing business, where Entain said historical misconduct involving former third-party suppliers and ex-employees of the group may have occurred.
The owner of Ladbrokes and Coral betting shops has been in talks over a deferred prosecution agreement with the Crown Prosecution Service and said it was likely to be able to agree on a resolution.
