Ladbrokes and Coral owner to pay £585m to settle HMRC bribery inquiry

Gambling giant Entain reaches deal over past practice at company it owned in Turkey

The owner of Ladbrokes and Coral has agreed to pay almost 600m to settle an investigation into alleged bribery at a business it owned in Turkey.

Entain said it had reached an agreement with HM Revenue and Customs which will make the gambling giant pay a total of 585m in the form of a financial penalty and a disgorgement of profits".