SaskGaming posts $19 million in revenue for 2021-22

SaskGaming reported net income of $19.1 million in 2021-22, helped by increased revenue from the reopening of provincially operated casinos.

Casinos remained closed through the first quarter of 2021-22, but the rest of the fiscal year saw operations return to more normalized operations, SaskGaming said in a news release.

The company reported revenue of $77.8 million for the fiscal year, compared to $30.9 million in 2020-21. Spending also rose last year, to $58.7 million in 2021-22 from $44.3 million in 2020-21.

The financial year ended on March 31, 2022.

As a result, SaskGaming contributed $9.6 million to the government’s General Revenue Fund.

“SaskGaming has seen steady improvement in 2021-22 as we emerge from the era of pandemic restrictions,” SaskGaming Minister Don Morgan said.

“With nearly a full year of operations under its belt, SaskGaming was able to contribute $9.6 million to the province’s General Revenue Fund to support the First Nations Trust, Community Initiatives Fund and of development Clarence Campeau.”

It did not pay a dividend to its shareholder, the Crown Investment Corporation, due to the pandemic and temporary casino closures.

The crown corporation owns and operates the Regina and Moose Jaw casinos.