According to the report, Entain communicated the exit privately to its investors and employees that the company had exited markets which currently have no regulatory oversight and the prospect of a legal regulated online gambling market remains unlikely. This includes markets such as the Vatican City, Antarctica (?!!!), Russia, and Argentina among others.
The company noted in the internal communication:
Entain Leaves 140 Markets Including Vatican City & Antarctica as Part of "Corporate Responsibility Commitment"Entain also noted that none of the markets it has now exited had previously generated significant revenues.
The move comes following an HMRC investigation into the company’s Turkish subsidiary that looked into allegations of bribery. That investigation led to a deferred settlement of £600 million and an assurance that the company would remove its brands from unregulated markets.
In relation to that case, Non-Executive Chair Barry Gibson noted:
Entain Leaves 140 Markets Including Vatican City & Antarctica as Part of "Corporate Responsibility Commitment"“We remain focused on advancing our operations exclusively within regulated markets and are acknowledged as a leading, responsible entity with unparalleled corporate governance across our business.”
Jose is an iGaming analyst with wide experience within the sector. He has been working as content writer on casino and betting websites for more than 10 years, contributing on websites like Pokerlistings, Casinobee, Betpack among others, sharing his insights and perspective for the future ofthe iGaming market.
