Day: 15 September 2025

Key Moments: FINTRAC issued a $1.175 million fine to SIGA for alleged administrative breaches of anti-money laundering regulations SIGA announced its intent to contest both the findings and penalties in Federal Court BCLC previously appealed a separate FINTRAC fine for similar violations Regulatory Action Against SIGA The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed a $1,175,000 penalty on the Saskatchewan Indian Gaming Authority (SIGA), citing alleged failures in complying with administrative aspects of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). According to…

Key Moments: Wynn Resorts is preparing to open its Wynn Al Marjan Island Resort in Ras Al Khaimah next year, marking the UAE’s first licensed casino. The company targets a workforce of 330 employees by the end of 2025 and recently added 52 new staff in the second quarter, bringing the total to 100. Revenue projections for the Al Marjan Island property are set at US$5 billion per year, underscoring Wynn’s expectations for the market. Building a Comprehensive Team Structure Wynn Resorts is rapidly increasing its recruitment efforts ahead of…

Key Moments: Japan formally asked eight international gambling hubs in June 2025 to block their licenced casino sites for Japanese users. Authorities reported Japanese offshore sports betting reached ¥6.45 trillion (€42 billion) in 2024. Surveys found 1.97 million Japanese are active users of overseas online casinos, with average annual spending at ¥630,000 (€4,050) per user. Japan Urges International Action on Online Gambling In a major effort to combat unlawful online gambling, Japan issued official requests in June 2025 to eight countries. The Tokyo government asked Canada, Costa Rica, Georgia, Malta,…

Key Moments: Corona Resort & Casino has posted a VND 564 billion (US$21.4 million) loss for the first half of 2025, marking a deeper deficit than the same period last year. Cumulative losses since opening have reached VND 5.5 trillion (US$208 million), with equity dropping to VND 960 billion (US$36.4 million) by June 2025. The government plans to allow permanent local gaming at Corona, accompanied by a proposed fixed entry fee for Vietnamese patrons. Financial Performance and Liquidity Challenges Corona Resort & Casino in Phu Quoc has reported a first-half…

Key Moments: Defense attorneys have petitioned to suspend the illegal online gambling proceedings and move the case from Santa Fe to Buenos Aires. Authorities charged seven individuals tied to Transfero Pagamento and Bluegreen with running unauthorized gambling websites. Defense lawyers argued there is no evidence directly linking the accused to illegal activities. They also challenged Santa Fe’s jurisdiction and questioned criminal intent. Legal Challenge to Santa Fe Investigation Defense lawyers for seven people tied to Transfero Pagamento and Bluegreen filed an appeal. They asked the Santa Fe courts to pause…

Key Moments: Malaysia’s Communications Minister Datuk Fahmi Fadzil is scheduled to meet Meta representatives on September 22nd regarding a surge in illegal online gambling advertisements on Facebook. The government remains concerned by Meta’s decision not to block credit card accounts used to pay for unlawful gambling promotions. Discussions will also include the need for stronger licensing and regulatory compliance by digital platforms in Malaysia. Direct Engagement with Meta Amid Escalating Concerns In response to the ongoing influx of illegal online gambling advertisements found on Facebook, Malaysia’s Communications Minister Datuk Fahmi…