The Financial Reporting Council is investigating KPMG's audit of Entain's 2022 accounts, as its conduct comes under scrutiny following past compliance issues.
KPMG stated it will cooperate fully with the FRC, although specifics of the investigation remain undisclosed, raising concerns among investors regarding Entain's stability.
Entain's shares fell nearly 2%, amidst uncertainties surrounding the investigation of KPMG, making it the worst-performing stock on the FTSE 100 despite market growth.
Entain set aside £585 million to address a settlement with HM Revenue and Customs regarding alleged bribery related to its former Turkish-facing online business from 2011 to 2017.
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