UK Financial Reporting Council (FRC) Investigates KPMG Audit of $5.3 Billion UK Sports Betting & Gambling Group Entain Which Agreed to Pay $711 Million Penalty for Alleged Bribery in UK Deferred Prosecution Agreement
22nd January 2025 | Hong Kong
The UK Financial Reporting Council (FRC) has started investigating KPMG audit of UK sports betting & gambling group Entain ($5.3 billion market value), which had agreed to pay $711 million penalty (GBP 585 billion) for alleged bribery in a UK deferred prosecution agreement with the UK Crown Prosecution Service. Entain plc – Entain plc (LSE: ENT) is a FTSE100 company and is one of the world’s largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS and SuperSport; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The group operates the TAB NZ brand as part of a long-term strategic partnership with TAB New Zealand. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 30 territories. Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI.
“ UK Financial Reporting Council (FRC) Investigates KPMG Audit of $5.3 Billion UK Sports Betting & Gambling Group Entain Which Agreed to Pay $711 Million Penalty for Alleged Bribery in UK Deferred Prosecution Agreement “
UK Financial Reporting Council (FRC) Investigates KPMG Audit of $5.3 Billion UK Sports Betting & Gambling Group Entain Which Agreed to Pay $711 Million Penalty for Alleged Bribery in UK Deferred Prosecution Agreement
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