The Saskatchewan Indian Gaming Authority has reported $292.6m in revenue and a net income of $126m.
Canada.- The Saskatchewan Indian Gaming Authority (SIGA) has reported revenue of $292.6m and net income of $126m for 2022-23. SIGA, as a non-profit corporation, reinvests all net revenue back into Saskatchewan.
SIGA operates seven casinos and the online gaming site PlayNow.com. Casino net revenue is redistributed 50 per cent to the First Nations Trust (distributed to the 74 First Nations in the province) while 25 per cent is reinvested into local community initiatives through the Community Development Corporations and the remaining 25 per cent to the provincial General Fund.
Federation of Sovereign Indigenous Nations (FSIN) chief Bobby Cameron said: “SIGA continues to be a major driver in the province, strengthening the lives of First Nation people through employment, economic growth, positive community relations and financial self-reliance.”
SIGA President & CEO Zane Hansen added: “This past year was an important time of recovery for SIGA from the pandemic, as we launched PlayNow.com in Saskatchewan and kept a steady focus on Building Back our most critical resources – our markets, our employees, and our finances. SIGA’s efforts were rewarded as a return of revenues to pre-pandemic levels, combined with operational efficiencies, resulted in record-breaking earnings for SIGA.”
The British Columbia Lottery Corporation (BCLC) launched PlayNow in Saskatchewan in In November 2022. It’s the third Canadian province in which the online gambling platform is live.