(Submitted photo/SIGA)

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SIGA releases financial results in Annual Report; record-breaking profits for the gaming operator in 2023-24

Jul 9, 2024 | 12:42 PM

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 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.

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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).

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**This article was submitted by SIGA.