SaskGaming 2019-20 annual report reveals pre-COVID income
July 8, 2020
In its 2019-20 annual report, SaskGaming reported a net income of more than $40 million in the 12-month period ending March 31, 2020, nearly $5 million lower than what it reported in 2018-19.
Of the net income, SaskGaming pays half to the General Revenue Fund (GRF) each year, which supports the First Nations Trust, the Community Initiatives Fund, and the Clarence Campeau Development Fund. For 2019-20, the amount provided to the GRF was $20.1 million.
On the operational side, the corporation reports more than 40 per cent Indigenous representation (41.2 per cent), a guest satisfaction score of nearly 73 per cent, and a mystery shopper score of 93 per cent. The corporation also declared a dividend of $13.3 million to its shareholder, the Crown Investments Corporation, for the period ending March 31, 2020.
“Despite the challenges and uncertainty of COVID-19, SaskGaming made a considerable impact on programs and services in the province,” Christine Tell, Minister Responsible for SaskGaming, said in a statement.
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,” said SaskGaming president and CEO Susan Flett. (The corporation had temporarily closed Casinos Regina and Moose Jaw due to COVID-19.) “This was accomplished through modernization and reinvestment in the casino properties, gaming technology, and product upgrades.”
In the report's opening message, Flett noted other highlights from 2019, included SaskGaming being selected as a finalist for the Mercer Award for Excellence in Diversity and Inclusion as part of the 2019 Canadian HR Awards, as well as inclusion in SaskBusiness Magazine’s annual list of the province’s top 100 companies, where SakGaming landed at number 50.
In 2019, Casinos Regina and MooseJaw also unveiled the Powerbucks progressive slot jackpot, Canada’s first multi-jurisdictional and multi-channel progressive jackpot with a minimum $1 million. “This was an exciting addition to our casinos bringing us in line with other jurisdictions across the country,” Flett said.
Financial highlights from the 2019-20 report include:
- $114.1 million revenue compared to $118.6 million in 2018-19
- $73.9 million expenses compared to $73.7 million in 2018-19
- $40.2 million income before payment to the GRF compared to $44.9 million in 2018-19
- $20.1 million payment to the GRF (divided equally between the First Nations Trust and Community Initiatives Fund) compared to $22.4 million in 2018-19
- $13.3 million dividend to the Crown Investments Corporation compared to $18.0 million in 2018-19
Both Casino Regina and Casino Moose Jaw are slated to reopen July 9, 2020.
To view a copy of SaskGaming’s 2019-20 annual report, visit saskgaming.com.