Released on October 27, 2000
Regina's business community applauded the provincial government today for
giving the green light for Casino Regina to proceed with a $24 million site
improvement and expansion project.
Casino Regina's development project will include a new showroom facility that
will accommodate up to 684 guests, a 490 stall parkade and a Learning and
Development Centre to be located in the CP Telegraph Building. Final details
are still being worked out for pedway connections from the casino to the
Cornwall Centre, the Sears Parkade and the Delta Hotel.
"Casino Regina is a tremendous commercial and tourism asset for the province
and has become one of Saskatchewan's top tourism attractions," Minister
Responsible for the Saskatchewan Gaming Corporation Joanne Crofford said.
"This new project will solidify the casino's position as a destination tourism
attraction and ensure the positive economic impacts for the downtown, the city
and the province continue well into the future."
Crofford also applauded Casino Regina for its role in providing jobs and
opportunities for Aboriginal people. "No other workplace in the province has
been able to come close to the level of cultural diversity evident at Casino
Regina. Over 50% of the employees are of Aboriginal ancestry and this is not
just at the entry level. Aboriginal people fill close to 40 per cent of the
management positions at the casino."
"Casino Regina's future plans will play a major role in enhancing the
downtown's entertainment sector," Regina Regional Economic Development
Authority Chair Wil Olive said. "The new entertainment facility will generate
activity and excitement and provide an important venue to develop and showcase
talented local entertainers."
The province also released the casino's annual report today, which shows more
than 1.7 million people made their way to Casino Regina last year. During the
1999/2000 fiscal year the corporation posted a net profit of $19.8 million.
This was up 28 per cent over the previous year's record profit of $15.4
million. This positive trend appears to be continuing because second quarter
results also released today for the period April 1st to September 30th, 2000
show a net income of $12.8 million, up from $10.2 million last year.
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For more information, contact:
Lynn Gidluck
Casino Regina
Regina
Phone: (306) 787-1241