08 Jul SIGA Reports Record Profits in 2023-24 Annual Report
SIGA releases financial results in Annual Report; record-breaking profits for the gaming operator in 2023-24.
SIGA hit a record $346.6 million in gross revenue, and $138.8 million in a final distribution of income for its 2023-24 fiscal year.
July 9, 2024 – Saskatoon, SK – The Saskatchewan Indian Gaming Authority (SIGA) is reporting record-breaking profits for the second year in a row, achieving $346.6 million in gross revenue and a final distribution of income of $138.8 million for their 2023-24 fiscal year, (April 1, 2023-March 31, 2024).
The results were published in their Annual Report released today on their website at siga.ca/about-us/annual-reports/
“We would like to congratulate SIGA on rebuilding from the pandemic period and coming back stronger than ever – with record breaking profits over the past two years. These profits will be redistributed back to our shareholders and reinvested in Saskatchewan. To date, over $1.5 billion has been paid out by SIGA to our First Nations communities and other beneficiaries,” said Federation of Sovereign Indigenous Nations 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.
“SIGA has successfully built back from the pandemic, achieving record-breaking revenues over the past 24 months, all the while, making major strides in enhancing our casino properties and offerings and growing our online gaming platform PlayNow.com in Saskatchewan,” said SIGA President & CEO Zane Hansen.
2023-2024 Financial Results:
- Gross Revenue: $346.6 million compared to $303.6 million in 2022-2023
- Final distribution of Income: $138.8 million compared to $126.8 million in 2022-2023.
SIGA as a responsible gaming operator, is nationally certified through the RG Check Program and contributes $2.5 million annually to the provincial First Nations Addictions and Rehabilitation Foundation (FNARF).
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 in Saskatchewan. 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 & Hotel on the White Bear First Nations near Carlyle and Gold Horse Casino on Little Pine Cree Nation in Lloydminster.
To learn more visit SIGA.ca
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