The Saskatchewan Indian Gaming Authority has reported a 0.7% increase year-on-year in net revenue for the twelve months to the end of March while its overall profit rose by 2.6% to $68.1 million.
The operator of six casinos in the Canadian province including the Bear Claw Casino And Hotel near Carlyle and Saskatoon’s Dakota Dunes Casino, the non-profit Saskatchewan Indian Gaming Authority had revenue of $203.8 million for the year to March 31 and stated that half of its annual profit will go to First Nations communities with the remainder split between local partners and the provincial government.
“Since opening our doors 20 years ago, the Saskatchewan Indian Gaming Authority has delivered over $749.7 million in net profit to communities and charitable organizations in Saskatchewan,” said Chief Reginald Bellerose, Board Chair for the Saskatchewan Indian Gaming Authority. “It’s with a deep sense of pride and knowing that the vision that the chiefs of Saskatchewan had when they developed the Saskatchewan Indian Gaming Authority has resulted in the success we share today.”
The Saskatchewan Indian Gaming Authority also operates the Gold Eagle Casino in North Battleford and Yorkton’s Painted Hand Casino and declared that this represented its fifth consecutive financial year with earnings in excess of $63 million.
“After 20 years in operation we have developed into a first-class gaming operator,” said Zane Hansen, President and Chief Executive Officer for the Saskatchewan Indian Gaming Authority. “We have demonstrated an ability to serve and develop regional casino markets as good as or better than any other operator in Canada.”
Additionally responsible for the Northern Lights Casino in Prince Albert and Swift Current’s Living Sky Casino, the Saskatchewan Indian Gaming Authority employs some 1,875 people and declared that 65% of these are First Nations members.
“As an operator, we keep a steady focus on serving our customer and continuous improvements in our operation,” said Hansen. “This is reflected in the facilities we build, our gaming product and entertainment offerings and, most importantly, the investments we make in our people.”