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The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced on September 12 that the Saskatchewan Indian Gaming Authority (SIGA) is facing a fine of $1,175,000. This comes after SIGA was found to be non-compliant with anti-money laundering policies following an investigation.
FINTRAC found that SIGA had failed to act on suspicious transactions, failed to report those transactions, and failed to develop compliance procedures.

FINTRAC has imposed an administrative monetary penalty of $1,175,000 on the Saskatchewan Indian Gaming Authority (SIGA). For more information, consult: https://t.co/ZHAIUzuGHy pic.twitter.com/z6RCUtYQUv
— FINTRAC_Canada (@FINTRAC_Canada) September 12, 2025

“Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime is in place to protect the safety of Canadians and the security of Canada’s economy,” said Sarah Paquet, Director and Chief Executive Officer at FINTRAC.
“FINTRAC works with businesses to help them understand and comply with their obligations under the Act. We are also firm in ensuring that businesses continue to do their part and we will take appropriate actions when they are needed.”
The importance of FINTRAC compliance
SIGA operates seven casinos in the province of Saskatchewan. Casinos, financial entities, money services businesses, real estate brokers and various other business sectors in Canada are required under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to keep certain records, identify clients, maintain a compliance regime, and report certain financial transactions to FINTRAC. In this case, it was found that SIGA had not adhered to these guidelines.
In the 2024/25 financial year, FINTRAC issued 23 Notices of Violation of non-compliance to businesses, the largest number in one year in the organization’s history. Those fines amounted to a total of more than $25 million.
SIGA announced that it intends to appeal the decision from FINTRAC, maintaining that they work with various regulatory bodies and maintain a high standard in its operations.
“SIGA does not agree with the violations found by FINTRAC, nor does it agree with the administrative penalties assessed,” the organization said. “SIGA will be appealing both the finding of violations and the penalties assessed to the Federal Court.”
Featured image: FINTRAC
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Bragg Gaming Group has announced a new financing agreement with the Bank of Montreal, highlighting confidence in long-term growth.
B2B iGaming company Bragg has announced it has entered a new financing agreement with the Bank of Montreal, totalling credit of up to $6 million. The company confirmed it used the new financial backing to repay prior debts and will enact a new strategy to support future growth.
“We are very pleased to establish this new relationship with the Bank of Montreal, a recognized leader in financial services,” said Robbie Bressler, CFO of Bragg Gaming Group, in the press release. “This new credit facility strengthens our balance sheet and provides us with a flexible capital structure to execute our strategic plan. The ability to secure financing from a major North American bank underscores the confidence in our business and our long-term growth prospects. We look forward to a long and successful partnership with BMO.”
The company went on to highlight its focus for growth in the coming months and years, spotlighting AI, partnerships with operators like Fanatics and Hard Rock Digital, and “strong momentum in the proprietary content and technology pipeline”.
“Securing this BMO facility represents a critical milestone in our strategic plan to strengthen Bragg’s financial foundation and accelerate value creation for our shareholders,” said Matevž Mazij, CEO of Bragg Gaming Group. “With our cybersecurity incident contained and our borrowing costs cut by more than half, we are laser-focused on executing our strategic shift toward higher-quality earnings. The Company is prioritizing margin and cash generation over lower-margin revenue, and synergies realized post-quarter end to become a leaner operation.
“We understand the importance of delivering results for our shareholders, and our board and management team are fully aligned and committed to executing the strategic initiatives that will drive value. With improved financial flexibility, a strengthened operational foundation, and clear milestones ahead, we believe we have the right strategy and team in place to unlock Bragg’s full potential. We remain committed to maximizing shareholder value as we build sustainable, profitable growth and ensure our strong operational performance translates into appropriate market valuation.”
Bragg improves cybersecurity after breach
The company also offered an update on its previously announced cybersecurity incident, first detected on August 16, 2025. The incident has now been solved and the company doesn’t think any personal information was affected.
Bragg assured customers that its game titles and their data are secure, taking learnings from the incident forward to improve its cybersecurity defenses.
Featured image: BraggGaming
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A man has been arrested after an investigation in connection with the alleged fixing of horse races in Manchester.
The 42-year-old man was detained in Hawkshaw, Bury at 6am on September 12, 2025. The arrest was made in connection with allegations of fixing horse races, as part of a joint investigation by Greater Manchester Police and the Gambling Commission.
The offences are alleged to have been committed under section 42 of the Gambling Act 2005, which makes mention of it being an offence to “cheat at gambling” or if someone “does anything for the purpose of enabling or assisting another person to cheat at gambling”.
The investigation was launched after the commission and local authorities received reports of suspicious betting activity linked to horse races earlier this year. Details of the investigation beyond the arrest have not been made public. No further information or statement has been offered by the Commission at the time of writing.
If convicted, sentences in the UK for breaching section 42 can lead to imprisonment for up to two years, an unlimited fine, or both in some cases. A summary conviction can result in a maximum of 51 weeks’ imprisonment in England, a fine, or both.
Horse races in the UK
The horse racing industry in the UK is in a state of flux right now, with protests taking place throughout the summer in the face of anticipated tax reforms. It’s estimated that proposed changes could cost the industry as much as $442 million, as estimated by industry professionals.
This also comes as turnover is generally down across the horse racing sector, highlighting that there are many threats to the healthy growth of this major area in British betting. One worry outlined in that report is that punters are moving towards unlicensed operators, underlining the rise in illegal options on the traditional horse racing betting market.
Featured image: Unsplash
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Aristocrat Interactive has recruited the CEO of Light & Wonder to step into the leadership of its growing online gaming and lottery arm.
The current CEO of Aristocrat Interactive, Moti Malul, has stepped down from his role and is due to formally depart the business in March 2026, following his ongoing contractual obligations. The role will be filled by Dylan Slaney, starting from November 3, 2025. He brings ten years of leadership experience in the sector, having most recently worked as the CEO of Light and Wonder‘s gaming business.
In the announcement, Aristocrat announced that Malul’s successful navigation of NeoGames through its acquisition by Aristocrat, leading the creation of the Aristocrat Interactive business over the past 18 months, and overseeing a period of expansion for the company.
Elsewhere in Aristocrat
The company also announced that Chief Corporate Affairs Officer Natalie Toohey is also leaving the business after almost seven years in her role, with Barry French lined up to succeed her in an expanded role of Chief Corporate Affairs & Marketing Officer, effective immediately.
Both Slaney and French will report directly to Aristocrat Group CEO and Managing Director, Trevor Croker, with the former based in London, and the latter based in Las Vegas.
“As we begin a new fiscal year, I am pleased to share two leadership appointments that consolidate the strong progress we’ve achieved and will help Aristocrat accelerate delivery of our strategy,” said Aristocrat CEO and Managing Director Trevor Croker. “I am delighted to welcome leaders of the calibre of Dylan and Barry to the Aristocrat executive team. Both are values-led leaders with collaborative and customer-centric mindsets.
“Dylan’s deep iGaming experience and track record of operational delivery will help us accelerate momentum in Aristocrat Interactive, including building on our market-leading position in iLottery, in line with our strategy. I also look forward to Barry further building our reputation and stakeholder relationships, while forging a global Marketing function to better steward our brands and unlock more strategic benefits.
“I want to express my thanks to Moti for his leadership through a period in which we brought together multiple teams to create Aristocrat Interactive, put in place an ambitious Group growth plan and took foundational steps towards its delivery,” he concluded. “I also want to thank Natalie for her outstanding contribution. Natalie transformed our Corporate Affairs and Investor Relations capabilities and impact globally, while deepening vital stakeholder relationships and playing an important role in the resilience and growth of the business over a sustained period.”
Featured image: Aristocrat
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Macau authorities say they have arrested close to 600 people tied to foreign exchange crimes and seized more than $9 million since a new law against illegal money changers came into effect.
The Combating Illegal Gambling Crimes Law, which began on October 29, 2024, gives police greater power to crack down on money changing operations that have long taken place quietly around Macau’s casinos and entertainment areas.
Macau says new anti-gambling law helps fight against illegal money changers
The government said in a statement, translated by ReadWrite, that the law provides “a solid legal basis for combating money changers” and supports intelligence-led policing and cross-border enforcement.
Between January and July this year, police handled 597 cases involving 387 suspects and seized over MOD 560 million, ($70 million), in cash and gaming chips. Officials say these operations have put heavy pressure on underground networks that run illegal currency exchanges.
Authorities see money changers as a constant threat to public safety. They point out that differences in financial rules between Macau and mainland China, where residents face tight limits on how much cash they can bring into the city, have fueled the need for illegal exchange services. Criminal groups take advantage of this demand by using underground banking systems and casino-related point-of-sale transactions.
Harsher punishments for violent crimes
The government noted that such networks are often tied to violent crimes. “These activities disrupt public order and even lead to theft, robbery, assault, and homicide, severely threatening Macau’s public security,” a statement said.
Until now, penalties for money changing have been relatively light, but a new draft law is being considered that would make it a criminal offense carrying up to five years in prison. Officials say this change would give police a stronger tool to deter offenders and make it easier to seize assets from organized crime groups.
Police have also increased cooperation with mainland Chinese authorities. In a joint operation last November, they broke up three major cross-border money-changing syndicates, and more coordinated crackdowns are planned for this year.
Prevention is another key part of the strategy. Police have expanded awareness campaigns at border checkpoints, hotels, bus stations, and casinos to warn visitors about the dangers of using illegal money changers. Employers in the gaming and hospitality industries are being asked to train staff to spot suspicious activity and improve reporting systems.
Even with tougher enforcement, authorities admit that money-changing groups are adjusting their tactics, turning to quieter methods like car-based deals and mobile cash deliveries. Officials stress that constant vigilance will be needed to keep pressure on these networks.
“The ultimate goal is to minimize the security risks caused by money changers, safeguard social order, and create a safer environment for Macau’s economic development,” the government said.
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