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32Red Limited

Account number

39430

Head office address

32Red Limited, 401 World Trade Centre,
GIBRALTAR, GX11 1AA, Gibraltar

Regulatory settlements

Following an investigation into a licence holder we may enter into a regulatory settlement. These take place, for example, where the licence holder has been open and transparent with us and has shown a willingness to suggest actions that prevent the need for a more formal sanction.

Settlement details

Decision date: 20 June 2018

The Commission undertook an investigation into 32Red as it was found that there were weaknesses in its responsible gambling and anti-money laundering controls, which meant that licence conditions were breached. As a result, 32Red agreed to a penalty package totalling £2mil, consisting of:

  • £709,046 divestment of the financial gain;
  • £1.3mil payment in lieu of a financial penalty, which we would otherwise impose for breaches of a licence condition in accordance with the Commission’s Statement of principles for determining financial penalties;
  • Payment of £15,000 towards the Commission’s investigative costs
  • Improvements to policy, procedure and risk management.

For more information on this case, please see the Gambling Commission's website.