SIGA releases financial results in Annual Report; record-breaking profits for the gaming operator in 2022-23

19 Jul SIGA releases financial results in Annual Report; record-breaking profits for the gaming operator in 2022-23

SIGA hit $292.6 million in revenue, net income $126 million, for the 2022-23 fiscal year

July 19, 2023 – Saskatoon, SK – The Saskatchewan Indian Gaming Authority (SIGA) achieved record-breaking profits in 2022-23 with $292.6 million in revenue and net income of $126 million.

“SIGA continues to be a major driver in the province, strengthening the lives of First Nation people through employment, economic growth, positive community relations and financial self-reliance,” said Federation of Sovereign Indigenous Nations (FSIN) Chief Bobby Cameron.

SIGA, as a non-profit corporation, reinvests all net revenue back into Saskatchewan. Casino net revenue is redistributed – 50 per cent to the First Nations Trust (which is distributed to the 74 First Nations in the province), 25 per cent to Community Development Corporations (CDCs) which reinvests the money back into local community initiatives and 25 per cent to the provincial General Revenue Fund.

“This past year was an important time of recovery for SIGA from the pandemic, as we launched PlayNow.com in Saskatchewan and kept a steady focus on Building Back our most critical resources – our markets, our employees, and our finances. SIGA’s efforts were rewarded as a return of revenues to pre-pandemic levels, combined with operational efficiencies, resulted in record-breaking earnings for SIGA,” said SIGA President & CEO Zane Hansen.

2022-2023 Financial Results:

• Revenue: $292.6 million compared to $195.8 million in 2021-2022.
• Expenses: $166.6 million compared to $127.6 million in 2021-2022.
• Net Income: $126.0 million compared to a net income of $68.2 million in 2021-2022.

SIGA as a responsible gaming operator, is nationally certified through the RG Check Program and contributes $2.25 million annually to the provincial First Nations Addictions and Rehabilitation Foundation (FNARF). In the 2023-24 budget this amount was raised to $2.5 million.

To view a copy of SIGA’s 2022-23 Annual Report, visit siga.ca/about-us/annual-reports/

For more information, contact:
Alanna Adamko
SIGA Director of Communications & Media Relations
Email: Alanna.Adamko@siga.sk.ca
Phone: 306-477-7575
Cell: 306-980-8580

About SIGA

SIGA operates seven casinos and the online gaming site PlayNow.com. Casinos include Dakota Dunes Resort & Casino on Whitecap Dakota First Nation near Saskatoon, the Northern Lights Casino on the Peter Ballantyne Cree Nation in Prince Albert, Gold Eagle Casino on the Mosquito First Nation in North Battleford, Living Sky Casino on the Nekaneet First Nation in Swift Current, the Painted Hand Casino on the Kahkewistahaw First Nation in Yorkton, the Bear Claw Casino on the White Bear First Nation near Carlyle and Gold Horse Casino on Little Pine Cree Nation in Lloydminster.

Giving back to the communities in which it operates is central to SIGA’s mandate. Through its Community Investments Program, SIGA invested $1.3 million into sponsorships of hundreds of community events and programming throughout the province in 2022-23.