SIGA Issues Annual Financial Report For 2022-2023

The Saskatchewan Indian Gaming Authority recently published its annual report for the fiscal year 2022-2023, generating record profits during the period. For the fiscal year, the gaming agency posted revenue of C$292.6 million and net profit of C$126 million. 온라인카지노 Therefore, Saskatchewan’s important economic engine continues.

As a non-profit corporation, SIGA should explain that it invests 50% of its net profit in First Nations Trust, 25% in community projects, and 25% in provincial general revenue funds.

SIGA President and CEO Jane Hansen said the fiscal year was critical to recovering from unprecedented conditions with the company. Meanwhile, SIGA has launched Playnow, the province’s first regulated iGaming platform offered by BCLC. Meanwhile, it posted earnings at an unprecedented level of situation, which led to record earnings for the company.

Its online gambling market was officially launched in early November 2022, and in the first two months, the platform generated a total of CA$31.8 million in online betting handles. Betting activity reached CA$14.8 million in November 2022, while in December 2022 it surged to CA$17 million in total allowed bets on the website.

For FY22-2023, SIGA reported total revenue of C$292.6 million, a significant improvement over C$195.8 million for 2021-2022. Meanwhile, in the previous fiscal year, costs were C$166.6 million to C$127.6 million. Net income was C$126 million for 2022-2023, nearly double last year’s C$68.2 million.

SIGA encourages responsible gambling and the company is recognized nationwide through the Responsible Gambling Check Program. About C$2.25 million is donated annually to the State First Nation Addiction and Rehabilitation Foundation. The 2023-2024 budget increased this amount to about C$2.5 million.

The company runs PlayNow as well as a land casino in the provinces. These include Dakota Dunes Resort & Casino, Northern Lights Casino, Gold Eagle Casino, Living Sky Casino Paint Hand Casino, Bear Claw Casino and Gold Horse Casino. SIGA has invested C$1.3 million in community events and programming for 2022-2023 through its Community Investment Program.

Shortly after the start of 2023, SIGA announced that BCLC has now made its live casino title debut on Playnow in Saskatchewan. The platform now offers 17 online table games to betters. Some of the titles available include the industry’s best performing titles such as Auto Roulette, Blackjack, Baccarat, Baccarat eQueze, Dream Wheeler, Infinite Blackjack, and Lightning Auto Roulette Ultimate Texas HoldM.

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