Released on July 18, 2016SaskGaming experienced another robust financial year, declaring income of $65.4 million for the 15 month period ending March 31, 2016. Full details of the corporation’s finances were announced in the 2015-16 Annual Report, which was tabled with the Legislative Assembly Clerks office today.
“SaskGaming had another successful year, which directly benefits Saskatchewan communities,” Minister responsible for SaskGaming Nancy Heppner said. “We are pleased to support a broad spectrum of initiatives and programs like the First Steps Spinal Cord Injury Wellness Centre to soup kitchens in Moose Jaw and Regina.”
SaskGaming’s $32.7 million payment to the General Revenue Fund (GRF) is split between the First Nations Trust and the Community Initiatives Fund (CIF), with a portion of the funds directed to the Métis Development Fund (also known as the Clarence Campeau Development Fund). The First Nations Trust and the CIF help support economic and social development projects, and initiatives that enhance the vitality of First Nations and Métis communities across the province.
“SaskGaming is a strong and profitable corporation that continues to deliver an excellent guest and employee experience in a time of challenging gaming market conditions,” SaskGaming President and CEO Susan Flett said. “I’m extremely pleased with this year’s results, and that we surpassed our 2015-16 target for income before payment to the GRF.”
Due to a change in the corporation’s financial year end, the report covers the 15 month period from January 1, 2015 to March 31, 2016.
This change in year-end better aligns SaskGaming with government’s reporting schedule.
2015-16 Financial Highlights:
- Revenue - $158.2 million in the 15 month period of 2015-16, compared to $128.0 million in the 12 months of 2014.
- Expenses - $92.8 million in the 15 month period of 2015-16, compared to $78.2 million in the 12 months of 2014.
- Income before payment to the GRF - $65.4 million in the 15 month period of 2015-16, compared to $49.8 million in the 12 months of 2014.
- Payment to the GRF - $32.7 million, split between the First Nations Trust and CIF.
- Dividend to the Crown Investments Corporation - $26.1 million.
- Total guest count of 4.39 million.
- Achieved Guest Satisfaction score of 80.7 per cent.
- Achieved Guest Opinion of Safety on Premises score of 87.0 per cent.
- Achieved Guest Awareness of Responsible Gaming score of 80.1 per cent.
- Introduced a disentitlement of winnings policy in October 2015 to help those who have voluntarily self-excluded from Saskatchewan casinos stick to their commitment to stop gambling.
- Provided $517,873 in donations, sponsorships and in-kind support to 74 organizations, projects and events across the province.
For more information, contact:
Saskatchewan Gaming Corporation