Sportsbet accuses Deloitte of negligence, misleading audit work
The bookmaker claims the firm signed off on “materially understated” gambling fees and other underpayments at a company it acquired for $313 million in 2018.
Deloitte allegedly signed off on “materially understated” gambling fees owed by William Hill Australia and failed to disclose three years of underpayments at the bookmaker when it was engaged to help BetEasy acquire the company, according to new claims.
BetEasy, now part of London-listed Flutter Entertainment’s Sportsbet business, acquired William Hill for $313.7 million in 2018. As part of the deal, it appointed Deloitte to run the rule over the business.
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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
