Tag Archives: Turkey

The arrest and investigation of Pavel Valeryevich Durov, CEO of encrypted social media and messaging platform Telegram, has spiralled concerns related to the promotion of unlicensed crypto gambling websites.  Durov was arrested on the tarmac of a Paris airport this saturday by French authorities, largely due to concerns about moderation of illicit commerce and harmful content displayed on Telegram’s platform, …

The Turkish government has threatened to ban social media and messaging app Telegram, according to local media reports. Takvim, a widely cited Turkish daily newspaper, reports that Turkish authorities are concerned about criminal activity on the platform. Turkey is particularly worried about the use of Telegram for drug dealing, facilitating prostitution, and promoting illegal gambling website and offers. Users often …

Entain Plc faces a pending lawsuit aimed at compensating institutional investors stung by the FTSE100 firm’s £585m penalty related to a bribery investigation of its former Turkish business by HMRC. Andrew Hill and Matthew Reach, the litigation team of London law firm Fox Williams, are preparing the claim against Entain “on behalf of institutional investors, targeting autumn 2024.” Fox Williams …

Intralot SPA has achieved its corporate objective of reducing its gross debt below €500m, despite witnessing a slowdown in its B2C performance. Publishing its full-year 2023 accounts, the Athens-listed gambling and lottery technology group reported revenues of €364m, a 7.3% decline from FY2022 results of €398m. The decline in headline revenues is attributed to the discontinuation of its Malta Lottery …

Entain Plc has this afternoon announced that it has reached a definitive settlement on its Deferred Prosecution Agreement (DPA) with the Crown Prosecution Service (CPS), concerning the bribery investigation by HM Revenue & Customs (HMRC) of its Turkish-facing business. Terms of the settlement were approved by Dame Victoria Sharp, President of the King’s Bench Division at the Royal Courts of …

Entain Plc has reached an ‘in principle’ agreement with the Crown Prosecution Service (CPS) to resolve its Deferred Prosecution Agreement (DPA) concerning the investigation by HM Revenue & Customs (HMRC) of its former Headlong Turkish business. This afternoon, Entain informed investors of obtaining preliminary judicial approval from Dame Victoria Sharp, President of the King’s Bench Division, to finalise a £585m …

Becoming the Serie A’s club’s second betting sponsorship this week, the betting brand aims to continue its growth in the Turkish market after its launch in 2015. Andreas Zimmerman, CEO of Sekabet, commented: “Football is more than just a sport, it is a way of life for millions of fans. At Sekabet, we have always strived to transcend the ordinary …

A map behind the desk of Dan Taylor, details the travels of the Chief Executive of Flutter Entertainment Plc’s International unit. So far in 2023, Taylor has “travelled to 29 countries in six months”, to oversee the progress and expansion of Flutter’s international division (which excludes its brands in the UK, Ireland, US and Australia). “I guess I could start …

Further to this morning’s announcement of H1 2023 interim results, Barry Gibson, Chairman of Entain Plc, has issued a separate statement on the FTSE100 firm’s ongoing HMRC investigation. The news that corporate governance had reserved a £585m legal provision to settle the HMRC dispute related to the former Turkish business terminated in 2017 dominated Entain’s half-year results. “Whilst negotiations with …

Entain Plc stands by its growth strategy and long-term financial prospects, following a transformative H1 trading period in which the FTSE gambling group acquired four new businesses to its global portfolio.  Publishing its 2023 Interim trading results, Entain registered a net group revenue (NGR) of £2.4bn, up 14% on H1 2022 results of £2.1bn. Generating a period NGR of £1.65bn …