Canada’s gambling expansion is continuing to gather pace, with the government of Saskatchewan documenting a casino and sports betting agreement with the Federation of Sovereign Indigenous Nations.
The deal, which represents an amendment to the Gaming Framework Agreement, establishes a legal framework for a new online gaming site, which will be run by the Saskatchewan Indian Gaming Authority.
“The FSIN chiefs-in-assembly gave the mandate to secure this, and we are excited to finally have achieved it. Many hours, days, weeks, months, and years have gone into making this a reality. It makes it all worthwhile,” said Bobby Cameron, FSIN chief.
“This will bring in new revenue opportunities that will benefit our 74 First Nations communities. Even during the challenging COVID, pandemic, we are continuing to work hard to bring positive outcomes for our First Nations.”
The amendment to the GFA also establishes a revenue-sharing arrangement between the two parties, marking a 50/50 revenue split between FSIN and the province.
SIGA has inked a letter of intent with the Saskatchewan Gaming Corporation, which establishes the general terms of the former operating and the latter managing the online site, which will feature online casino games and sports betting and is anticipated to launch in 2022.
“This is an important day for SIGA, as we continue to evolve with a changing gaming industry, and in our delivery of entertainment options for our customers,” commented Reginald Bellerose, SIGA chair.
“The additional revenue opportunities from online gaming and sports betting, will only increase SIGA’s ability as a non-profit to positively impact employment, economic growth, positive community relations and financial self-reliance of First Nations in the province.”
Jim Reiter, minister responsible for Saskatchewan Liquor and Gaming Authority, added: “The province and FSIN have had a long and successful history as partners in casino gaming.
“Over the years, SIGA has earned their reputation as a top-quality gaming organisation and we’re excited to move forward with them on this new venture.”