What is being termed “normalized operations” has led to a significant improvement in SaskGaming’s financial position.

Covid-19 lockdown and ensuing pandemic restrictions put a dent into revenue when people couldn’t go to pubs, bars or casinos.

SaskGaming issued its annual report today which recorded a net income of $19.1 million for the year ended March 31, 2022. Expenses were up compared to the year prior

Minister Responsible for SaskGaming 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 Clarence Campeau Development Fund.”

Similar to 2020-21, SaskGaming did not make a dividend payment to its shareholder, Crown Investments Corporation. This was due to the pandemic and temporary closures of its casino properties. Expenses were up by $14.4 million dollars and revenue was up $46.9 million compared to 2020-21.

Through its Community Giving program, the corporation invested $220,900 in organizations, projects and events in 2021-22, with 41 per cent of those dollars assisting Indigenous people and programs.

2021-22 Financial Results:
– Revenue: $77.8 million compared to $30.9 million in 2020-21.
– Expenses: $58.7 million compared to $44.3 million in 2020-21.
– Net Income: $19.1 million compared to a net loss of $13.4 million in 2020-21.
– Payment to the General Revenue Fund: $9.6 million compared to $0 in 2020-21.
– Dividend to the Crown Investments Corporation: $0 compared to $0 in 2020-21.