July 08, 2020

SaskGaming Releases 2019-20 Annual Report

In the final weeks of the fiscal year, SaskGaming temporarily closed Casinos Regina and Moose Jaw due to the COVID-19 pandemic.  This difficult but necessary choice did not detract from the success of the corporation in 2019-20.

SaskGaming reported a net income of $40.2 million in the 12-month period ending March 31, 2020, as detailed in the corporation’s annual report released today.

“Despite the challenges and uncertainty of COVID-19, SaskGaming made a considerable impact on programs and services in the province,” Minister Responsible for SaskGaming Christine Tell said.  “The corporation endowed $20.1 million to the province’s General Revenue Fund to support the First Nations Trust, the Community Initiatives Fund and the Clarence Campeau Development Fund.”

The corporation also declared a dividend of $13.3 million to its shareholder, the Crown Investments Corporation, for the period ending March 31, 2020.  Central to SaskGaming’s mandate is supporting the communities in which it operates.

In 2019-20, the corporation’s Community Giving program provided upward of $384,000 to 71 organizations, community projects and events.

“Elevating the guest experience was at the core of Casinos Regina and Moose Jaw’s efforts for 2019-20,” SaskGaming President and CEO Susan Flett said.  “This was accomplished through modernization and reinvestment in the casino properties, gaming technology and product upgrades.”

2019-20 Financial Highlights:

  • Revenue: $114.1 million compared to $118.6 million in 2018-19.
  • Expenses: $73.9 million compared to $73.7 million in 2018-19.
  • Income Before Payment to the GRF: $40.2 million compared to $44.9 million in 2018-19.
  • Payment to the GRF: $20.1 million (divided equally between the First Nations Trust and Community Initiatives Fund) compared to $22.4 million in 2018-19.
  • Dividend to the Crown Investments Corporation: $13.3 million compared to $18.0 million in 2018-19.

2019-20 Operational Highlights:

  • Indigenous Representation: 41.2 per cent.
  • Guest Satisfaction Score: 72.6 per cent.
  • Mystery Shopper Score: 93.0 per cent.

To view a copy of SaskGaming’s 2019-20 Annual Report, visit www.saskgaming.com.