The U.K. based bookmaking group Entain Plc has published an internal document noting that it has left unregulated markets totaling 140, the Financial Times reported January 8.
The actions are part of the new corporate responsibilities and duties it agreed to as part of its settlement with U.K. prosecutors in relation to an investigation of a bribery scandal involving one of Entain’s former subsidiaries operating in Turkey, Headlong Limited.
The settlement of the court case also included a penalty of more than £600 million.
In its note to investors, the company stated: “We closed 140 markets where revenues ranged from significant to de-minimis at the time of exit, but where customers could bet with us.”
The flak from the scandal and settlement led to the resignation of CEO Jette Nygaard-Andersen.
The Financial Times noted that the markets the company is exiting have not generated any revenues but it is also contemplating leaving Brazil, Chile and Mexico, although in Brazil’s case that could change since the country’s congress just passed legislation to create a regulated gambling market.
