SaskGaming revenue doubles in 2021-22 alongside reopening of casinos
SaskGaming reported a $19.1 million net income in 2021-22, aided by increased revenues from the reopening of provincially operated casinos.
Casinos remained closed for the first quarter of 2021-22, but the rest of the fiscal year saw operations return to more normalized operations.
“We netted $19.1 million which was an increase from 2020-21 where we realized a $13.4 million loss,” said Shanna Schulhauser, spokesperson for SaskGaming. “So really nice to see us sort of heading in that right direction.”
The corporation reported a revenue of $77.8 million for the fiscal year – up from 30.9 million in 2020-21. Expenses also rose last year, at $58.7 million in 2021-22 compared to 44.3 million in 2020-21.
The fiscal year ended on March 31, 2022.
As a result, SaskGaming paid into the government’s General Revenue Fund.
- Download the CTV News app to get local alerts sent to your device
"SaskGaming saw steady improvement in 2021-22, as we emerged from the era of pandemic-related restrictions," Minister Responsible for SaskGaming Don Morgan said.
"With nearly a full year of operations under its belt, SaskGaming was able to contribute $9.6 million to the province's General Revenue Fund to support the First Nations Trust, Community Initiatives Fund and Clarence Campeau Development Fund."
It did not make a dividend payment to its shareholder, the Crown Investment Corporation, due to the pandemic and temporary closures of casino properties. The Crown corporation owns and operates Casinos Regina and Moose Jaw.
Provincially operated casinos in the province had been forced to close on two different occasions during the pandemic. Those periods were used to carry out renovations,
“We’re about 80 to 85% complete right now,” Schulhauser said. “We’ll eventually move into the show lounge in the start of next year for a couple of months and then be heading over to Moose Jaw to make some renovations there.”
Besides renovations, provincially operated casinos have seen the introduction of more technology in their operations.
The next step is online gaming, a project that is set to receive help from the B.C Lottery Corporation.
CTVNews.ca Top Stories
Which Canadian cities have the highest and lowest grocery prices?
Where you live plays a big factor in what you pay at the grocery store. And while it's no secret the same item may have a different price depending on the store, city or province, we wanted to see just how big the differences are, and why.
'State or state-sponsored actor' believed to be behind B.C. government hacks
The head of British Columbia’s civil service has revealed that a “state or state-sponsored actor” is behind multiple cyber-security incidents against provincial government networks.
Swarm of 20,000 bees gather around woman’s car west of Toronto
A swarm of roughly 20,000 bees gathered around a woman’s car in the parking lot of Burlington Centre.
Mother assaulted by stranger while breastfeeding baby in her car: Vancouver police
A person was arrested in East Vancouver Thursday after allegedly entering a car while a mother was breastfeeding her four-month-old boy.
More than half the Canadians once detained in Syrian camps for suspected ISIS family members have returned home
A total of 29 Canadians have been freed from detention camps in northeast Syria and brought back to Canada since human rights advocates began lobbying for their release years ago.
Rare severe solar storm Friday could bring spectacular aurora light show across Canada
A rare and severe solar storm is expected to bring spectacular displays of the northern lights, also known as aurora borealis, across much of Canada and parts of the United States on Friday night.
Canada abstains from Palestinian UN membership vote but supports two-state solution
Canada was one of 25 countries that abstained from a United Nations vote on Palestinian membership that passed with overwhelming support on Friday.
Amish youth experience a rite of passage called Rumspringa. It’s not what you might think
The idea of “Rumspringa” has a specific spot in the American imagination. A rite of passage for young people in some Amish communities, Rumspringa is seen by most outsiders as a wild time away from strict Amish rules, when teenagers can experiment with the modern vices of the world.
Djokovic needs medical attention after getting knocked on the head by a water bottle at Italian Open
Novak Djokovic needed medical attention after apparently getting knocked on the head by a water bottle after a win at the Italian Open on Friday.