Entain Reaches £615 Million UK Settlement Over Bribes Probe (1)

Entain Plc. will pay £615 million ($777 million) to resolve a probe with UK prosecutors following an investigation into potential bribery offenses at its former Turkish business.

A High Court Judge officially approved the deferred prosecution agreement between the gambling firm and the Crown Prosecution Service on Tuesday. It will pay a penalty of £585 million plus a further £10 million to cover the investigation and a £20 million charitable donation, which will be paid out over a four-year period.

Entain, formerly known as GVC owner of the Ladbrokes brand, was investigated by the UK’s tax authority in 2019 over ...