Entain Expects to Pay £585 Million Turkish Settlement

Gaming operator Entain has issued a trading update, revealing that they're expecting to pay a large £585 million settlement to cover a deferred prosecution agreement with Turkey's Crown Prosecution Service over allegations that one of the company's former Turkish groups bribed officials.

The company said that it is expecting the prosecutors in the case to seek judicial approval of the settlement during the fourth quarter of this year. The negotiated settlement would see Entain being granted full credit for cooperating with the investigatory team.

Entain said that the settlement will only cover the company's liability, meaning that former employees will still possibly face charges under the crime.

Regarding the settlement, Entain Chairman Barry Gibson said, "We are pleased to be making good progress towards drawing a line under this historical issue, which relates to a business that was sold by a former management team of the group nearly six years ago."

"We have been working closely with the CPS throughout this process and they have recognised our extensive co-operation. Following a complete overhaul of our business model, strategy and culture in the last few years, the Entain of today bears no resemblance to the GVC of yesterday."

Casino Listings News is following this story and will update readers as appropriate.

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About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.

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