Investors in gambling giant Entain could seek more than £100 million [$127 million] in compensation over bribery and corruption issues at the Ladbrokes owner’s former Turkish business. Law firm Fox Williams said it is proposing a large group litigation claim against Entain for alleged “failure to report honestly” on these issues.
It comes after Entain, which also owns the Coral brand, agreed with HM Revenue & Customs to pay £585 million in penalties and disgorgement of profits following a probe.
HMRC had been probing Entain over activities at the Turkish-facing business that it sold in 2017.
Authorities started investigating the suppliers in 2019, and a year later turned their gaze on the GVC Group, which subsequently rebranded to Entain.
