The seven casinos operated by SIGA turned US$82.5 million in profits last year.
Canada.- The Saskatchewan Indian Gaming Authority (SIGA) has reported that all seven of its casinos turned a profit in 2018-2019. The seven casinos operated by SIGA had profits of US$82.5 million last year and revenues of US$262 million.
SIGA said that both casinos operated by SaskGaming posted a US$44.9 million profit during the same time. The other seven SIGA facilities also generated US$262 million in revenues and profits of US$82.5 million.
Zane Hansen, CEO of SIGA, said in a news release that this performance is credited to the frequent and loyal patrons and “hard work” from employees for the successful year, CBC reports.
SIGA operates the Bear Claw Casino near Carlyle, Dakota Dunes Casino near Saskatoon, Gold Horse Casino in Lloydminster, Gold Eagle Casino in North Battleford, Living Sky Casino in Swift Current, Northern Lights Casino in Prince Albert and the Painted Hand Casino in Yorkton.
Half of the profits go into the First Nations Trust fund, which then goes to bands in the province. 25% of the profits go into the Saskatchewan General Revenue Fund. The remaining 25% guest a regional Community Development Corporation.