Russian oligarch Roman Abramovich has been successful in his claims of libel against a publication.
The Chelsea owner took legal action over allegations that appeared in Italian newspaper La Repubblica last May.
During a recent hearing at the High Court in London, the billionaire accepted a public apology and won substantial damages.
The businessman, who also owns a TV station and hockey team, disputed suggestions that he had suffered a large loss in a poker game and had been forced to hand over a luxury yacht to cover his gambling debt.
It was also suggested that he had taken to gaming online.
Mr Abramovich's legal representative said that the report had caused "distress and embarrassment" and the claims were untrue. He added that while most of the publication's copies are circulated in Italy, some appear in the UK.
Meanwhile, a lawyer acting on behalf of La Repubblica told the judge that it accepted the information was untrue, adding that it should never have been published.