Released on July 9, 2018SaskGaming tabled its 2017-18 Annual Report in the Legislature today. The corporation declared revenues of $119.4 million and earned a net income of $46.4 million.
“SaskGaming is a highly profitable corporation that continues to operate in a fiscally responsible manner,” Minister Responsible for SaskGaming Christine Tell said. “Every year, the corporation makes a significant commitment to the communities it serves through its support of charitable initiatives and as a major employer in Regina and Moose Jaw.”
Half of the corporation’s net income is directed to the province’s General Revenue Fund (GRF) to support projects, programs and services for people across Saskatchewan. The remaining 50 per cent of SaskGaming’s net income is endowed to the First Nations Trust and Community Initiatives Fund (CIF). A portion of the funds allocated to the CIF are then directed to the Clarence Campeau Development Fund.
“The work we do at Casinos Regina and Moose Jaw is driven by the customer experience, which is why we were pleased to entertain more than 3.5 million guests this past year,” SaskGaming President and CEO Susan Flett said. “Despite operating in a mature gaming market, SaskGaming continues to showcase its long-term sustainability through these strong financial results.”
SaskGaming also celebrated 15 years of operation at Casino Moose Jaw in 2017-18, which was marked by a number of giveaways and promotions for guests. This important milestone cast light on the economic and financial contributions the casino has made to the City of Moose Jaw and the province as a whole.
2017-18 Financial Highlights:
- Revenue: $119.4 million.
- Expenses: $73.0 million.
- Income Before Payment to the GRF: $46.4 million.
- Payment to the GRF: $23.2 million (divided equally between the First Nations Trust and the Community Initiatives Fund).
- Dividend to the Crown Investments Corporation: $18.6 million.
- Total Guest Count: 3,512,803.
- Guest Satisfaction Score: 78.1 per cent.
- Young Demographic Guest Satisfaction Score: 85.7 per cent.
- Mystery Shopper Score: 91.7 per cent.
- The second annual Charity Championship raised more than $70,000 in donations for 24 charities and non-profit organizations in Saskatchewan.
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