SASKATOON — The Saskatchewan Indian Gaming Association has continued to bounce back from the effects of the COVID-19 pandemic and again achieved record-breaking revenues for the second straight year.
In a recently released financial report, the non-profit corporation reported a record $346.6 million in gross revenue and a final income distribution of $138.8M for the 2023-2024 fiscal year (April 1, 2023, to March 31, 2024).
“SIGA has successfully built back from the pandemic, achieving record-breaking revenues over the past 24 months,” said SIGA President & CEO Zane Hansen.
“All the while making major strides in enhancing our casino properties and offerings and growing our online gaming platform PlayNow.com in Saskatchewan.”
The gaming operator earned a gross revenue of $346.6M compared to $303.6M in the 2022-2023 fiscal year. The income distribution rose from 126.8M in 2022-2023 to $138.8M in 2023-2024.
SIGA is a nationally certified gaming operator through the RG Check Program. It contributes $2.5M annually to the provincial First Nations Addictions and Rehabilitation Foundation.
Federation of Sovereign Indigenous Nations Chief Bobby Cameron congratulated SIGA for continuously rebuilding from the pandemic and returning more vital than ever with record-breaking profits over the past two years.
“These profits will be returned to our shareholders and reinvested in Saskatchewan. To date, SIGA has paid over $1.5 billion to our First Nations communities and other beneficiaries,” said Cameron.
SIGA reinvests all net revenue into Saskatchewan, with 50 percent of the casino's net revenue going to the First Nations Trust, which is then distributed to the 74 First Nations in the province. Community Development Corporations receive 25 per cent for local community initiatives and the rest for the provincial General Revenue Fund.
