Previous bribery allegations have led Entain into legal disputes. According to Law.com, the UK law firm Fox Williams is seeking substantial compensation from the operator.
It is reported that the law firm claims the company's stock price plummeted due to historical bribery allegations, amounting to over 150 million GBP.
In November last year, Entain agreed to a 585 million GBP bribery investigation settlement with the UK Crown Prosecution Service (CPS).
The case originated from the company's previous business in Turkey, which was sold in 2017. The owners of Ladbrokes and Coral will pay the settlement to Her Majesty's Revenue and Customs (HMRC).
Entain emphasizes that the company has since transformed and insists that previous conduct was a legacy issue, as the illegal activities occurred before the 2020 renaming, when the company was trading as GVC Holdings.
