Entain (ENT)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

745.00p
   
  • Change Today:
    -29.80p
  • 52 Week High: 1,018.50
  • 52 Week Low: 503.60
  • Currency: UK Pounds
  • Shares Issued: 639.30m
  • Volume: 3,816,147
  • Market Cap: £4,762.80m
  • RiskGrade: 260

Entain facing 'substantial' fine as it enters talks with CPS

By Abigail Townsend

Date: Wednesday 31 May 2023

LONDON (ShareCast) - (Sharecast News) - Ladbrokes owner Entain is seeking a deferred prosecution agreement over alleged bribery at its former Turkish business, the gambling giant said on Wednesday.
The blue chip also confirmed it was facing a potentially "substantial" financial penalty.

The announcement follows a lengthy investigation into Entain's former Turkish-facing online betting and gaming business, which it owned from 2011 until it was sold in 2017.

HM Revenue & Customs started investigating the business in November 2019. Initially focusing on former third-party suppliers and relating to processing of payments, the scope of the probe was then widened in July 2020 to include potential corporate offences by entities within the group.

Entain said the offences under investigation "include, but are not limited to, section 7 of the Bribery Act 2020". Section 7 covers "failures of commercial organisations to prevent bribery".

Entain confirmed it was now in discussions with the Crown Prosecution Service about a DPA, and that it was "working towards achieving a resolution of the ongoing HMRC investigation".

Under a DPA, an organisation admits guilt but avoids criminal prosecution in exchange for meeting certain specified conditions. All DPAs, which are used for fraud, bribery and other economic crimes and only apply to organisations, rather than individuals, must be approved by a court.

Entain continued: "It is not possible at this stage to say how the investigation into the company will conclude. While prosecution of a group entity or entities, which may defend the action successfully or be convicted, remains a possibility, the group is seeking to conclude DPA negotiations with the CPS."

It added that it was likely the consequences of the probe would include a "substantial financial penalty".

It concluded that while discussions with the CPS were ongoing, the board was "content" with progress to date and was looking forward to ensuring an "orderly conclusion" of the matter.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Entain Market Data

Currency UK Pounds
Share Price 745.00p
Change Today -29.80p
% Change -3.85 %
52 Week High 1,018.50
52 Week Low 503.60
Volume 3,816,147
Shares Issued 639.30m
Market Cap £4,762.80m
RiskGrade 260

Entain Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.75% below the market average11.75% below the market average11.75% below the market average11.75% below the market average11.75% below the market average
29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average29.41% below the sector average
Price Trend
75.43% above the market average75.43% above the market average75.43% above the market average75.43% above the market average75.43% above the market average
66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average
Income
33.07% below the market average33.07% below the market average33.07% below the market average33.07% below the market average33.07% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Growth
77.91% above the market average77.91% above the market average77.91% above the market average77.91% above the market average77.91% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 6
Sell 1
Strong Sell 0
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Entain Dividends

  Latest Previous
  Interim 2nd Interim
Ex-Div 15-Aug-24 14-Mar-24
Paid 20-Sep-24 26-Apr-24
Amount 9.30p 8.90p

Trades for 31-Oct-2024

Time Volume / Share Price
18:01 1,202,378 @ 764.00p
17:33 132,317 @ 766.79p
17:33 219,104 @ 766.79p
17:33 19,696 @ 766.79p
17:33 145,049 @ 766.79p

Entain Key Personnel

CFO Rob Wood
Chair Stella David
CEO Gavin Isaacs

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