Today (24 November), preliminary judicial approval was obtained at the Royal Courts of Justice, where the Crown Court convenes in Southwark. Entain will pursue final judicial approval in court on 5 December. The terms of the Deferred Prosecution Agreement (DPA) adhere to the provisions that were announced on 10 August.
Entain has agreed to pay a financial penalty alongside disgorgement of profits, amounting to a total of £585.0m (€674.0m/$736.1m). Moreover, they will make a charitable donation of £20.0m and contribute £10.0m to cover CPS and HMRC costs. These payments will be made in instalments throughout the duration of the DPA, which is set to last for four years from the date of final court approval.
At the time of the article's original posting, Entain's share price had suffered a 2.38% decline from the market opening, reaching £843.80 per share. However, by 15:35 in the UK, the price had recovered to £856.20 per share, marking a 0.95% decrease since the opening.
Entain has agreed to pay a financial penalty alongside disgorgement of profits, amounting to a total of £585.0m (€674.0m/$736.1m). Moreover, they will make a charitable donation of £20.0m and contribute £10.0m to cover CPS and HMRC costs. These payments will be made in instalments throughout the duration of the DPA, which is set to last for four years from the date of final court approval.
At the time of the article's original posting, Entain's share price had suffered a 2.38% decline from the market opening, reaching £843.80 per share. However, by 15:35 in the UK, the price had recovered to £856.20 per share, marking a 0.95% decrease since the opening.