Canada
ODDS ON COMPLIANCE UNVEILS GAMBLING AND TECHNOLOGY INDUSTRY ALL-STAR ADVISORY BOARD
Odds On Compliance, the industry-leading technology and consultancy firm specializing in sports betting, iGaming, and gambling compliance and regulatory frameworks in the US and abroad, has unveiled Tom Auriemma, Michelle Chatigny, Robin Chhabra and Sanjay Chopra as the industry experts who comprise the company’s newly formed Advisory Board.
Tom Auriemma was a pioneer of the New Jersey gaming industry and spent 28 years as a casino regulator in that State culminating in his appointment as the Director of the New Jersey Division of Gaming Enforcement. Auriemma now currently serves as the Chairman of the Compliance Committees for MGM Resorts International, Penn National Gaming and Mohegan Gaming & Entertainment. Joining Auriemma on the Odds On Compliance advisory board is Michelle Chatigny, a 20-year veteran of IGT where she was Vice President, Global Regulatory and Product Compliance, before joining Wynn Resorts, Limited’s Compliance Committee, a position she has held since August 2018. Robin Chhabra is the third expert lending his experience and knowledge to Odds On Compliance. Chhabra is President of Tekkorp Digital Acquisition Corp., and has previous experience including being CEO and Special Advisor to FOXBet, Chief Corporate Development Officer of The Stars Group, and Group Director of Strategy and Corporate Development at William Hill. Sanjay Chopra completes the Advisory Board. Chopra is Co-Founder and CEO of Cognistx, the AI specialists with whom Odds On already has a previously announced partnership.
“I am extremely proud and honored to welcome such a distinguished group of experts to Odds On Compliance as our advisory board,” said Odds On Compliance CEO and Co-Founder Eric Frank. “In our initial group of four we have some of the smartest, most experienced people in their respective industries worldwide, and they will play a strong role in helping us shape the future of our business as we grow and expand in 2022 and beyond. At our core, Odds On Compliance is a technology business, so having the experience that Sanjay brings from Cognistx is invaluable for our whole team, but we are a tech business which specializes in regulatory compliance in the sports betting, iGaming, and gambling industries, in the US and abroad, so Michelle, Tom and Robin very neatly complement Sanjay, giving us the benefit of their combined knowledge, leadership, and experience. We are excited to welcome them all to our team and look forward to working with them in an exciting 2022 and beyond.”
Tom Auriemma is one of the casino industry’s leading gaming attorneys and consultants and is the 2019 recipient of the Lifetime Achievement Award from the International Association of Gaming Advisors for his many contributions to the gaming industry. He is the Chairman of three Compliance Committees: Penn National Gaming, Inc., MGM Resorts International, and Mohegan Gaming and Entertainment. Previously, he was Vice President of Regulatory Affairs and Chief Compliance Officer for Penn National Gaming, Inc. Auriemma was a pioneer of the New Jersey gaming industry, and spent 28 years as a casino regulator in that State before culminating in his appointment as the Director of the Division of Gaming Enforcement. Auriemma received his Juris Doctor degree from Seton Hall University School of Law where he graduated second in his class.
Michelle Chatigny was previously with the Nevada Gaming Control Board. After her departure she joined IGT, one of the world’s largest gaming suppliers that was licensed and conducting business in every jurisdiction in the world where gaming was legal. As acknowledged by regulators, IGT set the “gold standard” for compliance in the gaming industry. Michelle remained with IGT for just over 20 years and was responsible for its global compliance efforts, including but not limited to licensing, product approvals, suitability determinations, corporate security, the IGT Compliance Committee, as well as the Company’s Code of Conduct, and internal integrity reporting matters. Michelle previously served on The Stars Group Compliance and Political Activities Committees, and currently serves on the Wynn Resorts, Limited Compliance Committee, a position she has held since August 2018. She was also elected to the Wynn Resorts, Limited Special Litigation Committee in October 2018. Michelle is currently a member of the International Masters of Gaming Law and the International Association of Gaming Advisors.
Robin Chhabra is President of Tekkorp Digital Acquisition Corp and has been at the forefront of corporate acquisition activity within the digital gaming landscape for over a decade. His experience includes leading corporate strategy, M&A, and business development at two of the global leaders in the digital gaming industry, The Stars Group and William Hill, and a leading supplier, Inspired Gaming Group. At The Stars Group, Robin was Chief Corporate Development Officer, and served as the CEO of FOX Bet, the leading U.S. online gaming business which is the product of a landmark partnership between The Stars Group and FOX Sports, a transaction which he led. While with The Stars Group, Robin led several transactions which transformed The Stars Group into the largest publicly listed online gambling operator in the world with revenues of over $2.5 billion. Previously, he was Group Director of Strategy and Corporate Development at William Hill, where he led transactions which transformed the company from a land-based gambling operator in the United Kingdom to a leading online-led international business. This included William Hill’s entry into the U.S. sports betting and online lottery markets via the acquisition of four businesses.
Sanjay Chopra is the Co-Founder and CEO of Cognistx, a six-year-old applied AI company with several high impact AI applications for retail, cybersecurity, supply chain, logistics, and manufacturing. Chopra is also the Co-Founder and CEO of Intellions, a pricing software company. He has over 28 years of expertise in AI, e-commerce strategy, business development and technology and is the winner of the E&Y Entrepreneur of the Year 2000 award for OnlineChoice. He actively participates in promoting entrepreneurship in Pittsburgh and was the Founding Chair of Pittsburgh Social Venture Partners, and a founding charter member of the TiE Pittsburgh. He has also consulted for Goldman Sachs in various strategy and e-commerce projects, and has worked as a software engineer/manager at Federated Investors, Carnegie Group, and Allegheny Management Company. He is an Adjunct Professor of e-Commerce at Carnegie Mellon University and holds an MBA from Carnegie Mellon University (GSIA – Tepper Business School), a Master of Science degree in Computer Science from Virginia Polytechnic Institute and State University (Virginia Tech) and Bachelors in Computer Technology from Maulana Azad National Institute of Technology (MANIT – REC), Bhopal, India.
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Bragg Gaming Group, a leading global B2B iGaming content and technology provider, announced it has entered into a new financing agreement with the Bank of Montreal (BMO), a leading North American financial institution, pursuant to which BMO has made available to the Company certain credit facilities in a maximum aggregate amount of up to US$6.0 million to support its ongoing working capital and general corporate requirements (the BMO Facilities).
In connection with the closing of the BMO Facilities, Bragg has successfully repaid in full the outstanding promissory note with entities controlled by Doug Fallon (the Prior Note Indebtedness). The new BMO Facilities replace the Prior Note Indebtedness, signalling a significant step in the Company’s financial strategy to partner with a major commercial bank to support its growth.
“We are very pleased to establish this new relationship with the Bank of Montreal, a recognized leader in financial services. 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,” said Robbie Bressler, CFO of Bragg Gaming Group.
The BMO Facilities are secured by, amongst other things, a first-ranking security interest over all of the assets of the Company and certain of its key operating subsidiaries, and are uncommitted and are repayable upon the earlier of (i) demand by BMO, (ii) the occurrence of certain insolvency events, and (iii) on the one-year anniversary of the closing date, unless a one-year extension is granted at BMO’s discretion.
The agreement includes customary legal and financial covenants, including a requirement for the Company to maintain a Total Funded Debt to EBITDA ratio not exceeding 2.50:1.00, and a Fixed Charge Coverage Ratio of not less than 1.25:1.00. These financial covenants are to be tested on a consolidated basis at the end of each fiscal quarter.
The Company currently expects to draw on the BMO Facilities in Canadian dollars, which would result in estimated borrowing costs of 6.9%–7.9% for Prime-based loans or 5.9%–6.9% for CORRA-based loans, depending on the period of the draw and the Company’s leverage ratio. Standby fees on the unused portion of the revolving facility will range from 0.75% to 1.75% per annum, depending on leverage.
Management believes that based on the terms of the BMO Facilities, the Company’s borrowing costs on an annualized basis will be less than half of its Prior Note Debt.
Matevž Mazij, CEO of Bragg Gaming Group, said: “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. 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’ve already realized EUR 2 million in annualized synergies and are on track to achieve our 20% Adjusted EBITDA margin target for the second half of 2025.
“Our recent leadership additions in AI and innovation, combined with our expanding partnerships with operators like Fanatics and Hard Rock Digital, position us to pursue highly accretive growth opportunities methodically. The Company remains focused on growing the business in a sustainable and margin-accretive manner, with strong momentum in the proprietary content and technology pipeline positioning Bragg for long-term profitable growth.
“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.”
Cyber Breach Update
The Company has also provided an update on its previously announced cybersecurity incident initially detected on August 16, 2025.
Immediately following detection, Bragg took appropriate steps to mitigate any potential impact of the breach. With the assistance of independent cybersecurity experts, the Company has followed industry best practices and considers that the incident is now resolved.
There continues to be no indication that any personal information was affected and the breach has had no impact on the ability of the Company to continue its operations. Bragg has also provided assurances to its customers regarding the security of its game titles. The Company has experienced no negative impact on its revenue or profitability and does not expect that the cost of responding to the incident will have a material financial impact on the Company.
The Company has already applied knowledge gathered from the investigation of the event to enhance its cyber security defenses.
The post Bragg Gaming Group Enteres into New Financing Agreement with Bank of Montreal appeared first on European Gaming Industry News.
Independent slots studio Thunderkick has agreed a deal with Ontario-based operator Betty to supply the rapidly growing online casino with a diverse collection of globally popular titles.
Betty, an official partner of sporting franchises Toronto Maple Leafs and Toronto Raptors, has risen to prominence since its 2022 establishment, when it was built following the consultation of 300 casino players to create the optimal iGaming environment.
Distinguishing itself from North American competitors by catering specifically to slot enthusiasts rather than sports bettors, the operator has curated a portfolio of 2,800 games, hand-picked to deliver customers maximum entertainment value.
Thunderkick’s content is the latest to be integrated into Betty’s online casino, and the agreement will see a selection of its most popular titles, including The Wildos 2, Midas Golden Touch 3, and Esqueleto Explosivo 3, made available to a greater number of Ontarian players.
Thunderkick marked its debut in the Canadian province in Q2 of 2024, and has since partnered with a network of leading operators to improve its market position. The collaboration with Betty will further amplify its visibility in a key jurisdiction as the provider looks to reinforce its reputation as a global slot developer.
Svante Sahlström, CCO at Thunderkick, said: “It’s our mission at Thunderkick to go deeper, not wider, in 2025. That means forging meaningful, lasting relationships in target markets as opposed to securing as many commercial deals as possible.
“Since entering Ontario over 12 months ago, we have worked tirelessly to enhance our presence in the province, and working with leading brands such as Betty allows us to bring our unique games to a deeper pool of Canadian players.”
Paraskeva Smirnova, Casino Operations Manager at Betty, added: “Betty’s USP has always been our drive to build a slot portfolio with the very best titles from the industry’s most creative suppliers.
“Thunderkick’s passion for slot development is there for all to see, and the introduction of its games to our casino further elevates the consumer experience.”
The post Thunderkick commits to growth in Ontario with Betty partnership appeared first on Gaming and Gambling Industry in the Americas.
BCLC is pleased to announce the return of the New Horizons in Safer Gambling Conference, taking place November 2–4, 2026, at the JW Marriott Parq Vancouver.
This global event brings leading voices in research, policy and industry together to explore innovative approaches to safer gambling. Attendees can expect two days of forward-thinking dialogue, evidence-based insights and collaborative solutions to help shape the future of player health.
Sponsorship Opportunities Now Available
New to the 2026 conference, BCLC is excited to offer sponsorship opportunities to organizations that share BCLC’s passion for safer gambling. Benefits of sponsoring New Horizons 2026 include industry visibility, leadership recognition and meaningful engagement with a global audience. To learn more about sponsorship, please e-mail [email protected].
Registration and program details will be released later this fall.
The post Save the Date: BCLC’s New Horizons in Safer Gambling Conference Returns November 2026 appeared first on Gaming and Gambling Industry in the Americas.
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