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
More than 115 cases of eye damage reported in Ontario after solar eclipse
More than 115 people who viewed the solar eclipse in Ontario earlier this month experienced eye damage after the event, according to eye doctors in the province.
Toxic testing standoff: Family leaves house over air quality
A Sherwood Park family says their new house is uninhabitable. The McNaughton's say they were forced to leave the house after living there for only a week because contaminants inside made it difficult to breathe.
Decoy bear used to catch man who illegally killed a grizzly, B.C. conservation officers say
A man has been handed a lengthy hunting ban and fined thousands of dollars for illegally killing a grizzly bear, B.C. conservation officers say.
B.C. seeks ban on public drug use, dialing back decriminalization
The B.C. NDP has asked the federal government to recriminalize public drug use, marking a major shift in the province's approach to addressing the deadly overdose crisis.
OPP responds to apparent video of officer supporting anti-Trudeau government protestors
The Ontario Provincial Police (OPP) says it's investigating an interaction between a uniformed officer and anti-Trudeau government protestors after a video circulated on social media.
An emergency slide falls off a Delta Air Lines plane, forcing pilots to return to JFK in New York
An emergency slide fell off a Delta Air Lines jetliner shortly after takeoff Friday from New York, and pilots who felt a vibration in the plane circled back to land safely at JFK Airport.
Sophie Gregoire Trudeau on navigating post-political life, co-parenting and freedom
Sophie Gregoire Trudeau says there is 'still so much love' between her and Prime Minister Justin Trudeau, as they navigate their post-separation relationship co-parenting their three children.
Last letters of pioneering climber who died on Everest reveal dark side of mountaineering
George Mallory is renowned for being one of the first British mountaineers to attempt to scale the dizzying heights of Mount Everest during the 1920s. Nearly a century later, newly digitized letters shed light on Mallory’s hopes and fears about ascending Everest.
Loud boom in Hamilton caused by propane tank, police say
A loud explosion was heard across Hamilton on Friday after a propane tank was accidentally destroyed and detonated at a local scrap metal yard, police say.