August 13, 2021

UK gaming group reports bribery investigation

In an August 12, 2021 interim financial report, Entain plc, formerly GVC Group, offered information about the ongoing investigation by HM Revenue & Customs.  Entain is one of the largest sports-betting and gaming groups, operating on- and offline in 27 countries.  HMRC’s investigation focuses on Entain’s former gambling business in Turkey, and on some of its former suppliers. According to Entain, the group “remains a corporate suspect” of the HMRC investigation, and the agency has informed the company that the investigation refers to sections 1 and 7 of the Bribery Act 2010.  Entain indicated that it is cooperating fully with the HMRC investigation, and that it disposed of its Turkish-facing business in 2017.

Interim Financial Report