Ladbrokes owner Entain said on Tuesday it had received final approval from a British judge to settle charges stemming from alleged bribery offences at the global sports betting group’s former Turkish unit.
The court approval concludes an HM Revenue & Customs (HMRC) investigation that began in 2019.
Under the deferred prosecution agreement entered earlier, London-listed Entain agreed to pay a penalty of 585 million pounds ($737 million), which will now be paid over four years from Dec. 5.
It will also pay 10 million pounds to the UK’s Crown Prosecution Service (CPS) and HMRC, the British tax authority. The FTSE-100 company will additionally make a charitable donation of 20 million pounds.
