Entain says it is ready to pay £585m as it prepares to settle a bribery investigation into its Turkish-facing business which it sold in 2017.
The group said in a statement that it has a “sufficient degree of confidence” that it can resolve the matter with payments over four years.
Entain, which is in deferred prosecution agreement talks with the Crown Prosecution Service, added that it is seeking an “orderly conclusion” to the matter and expects judicial approval will be sought in Q4 this year.
The HMRC investigation relates to charges under Section 7 of the Bribery Act 2010, which relates to the failure to have adequate procedures to prevent staff from undertaking bribery.
Barry Gibson, Entain chairman, insisted that the present company “bears no resemblance” to the GVC company which sold the business in 2017.
He added: “We have been working closely with the CPS throughout this process and they have recognised our extensive co-operation."
