Photo courtesy of SIGA
The Saskatchewan Indian Gaming Authority announced today revenues of $253.7 million, with net earnings of $81.1 million for the 2016–2017 fiscal year.
Profits generated from SIGA’s operations are administered by the province of Saskatchewan in three ways:
Fifty per cent is shared with the First Nations Trust, which is distributed to Saskatchewan First Nation communities. Twenty five per cent is shared with regional Community Development Corporations, which are situated in the casino locations and fund local initiatives and the other twenty five per cent is shared with the provincial government’s General Revenue Fund.
SIGA is owned by Saskatchewan’s 74 First Nations and fully reports its financial and operational performance to our shareholders and the public. As a non-profit corporation, 100 per cent of SIGA’s profits are distributed to its beneficiaries in Saskatchewan.
SIGA President and CEO Zane Hansen says after 21 years in operation, SIGA continues to be a leading First Nation organization and a first class gaming operator.
“We have demonstrated our ability to serve and develop regional casino markets as good as or better than any other operator in Canada,” he said.
Hansen says that it has been the hard work of SIGA’s employees which has allowed the company to share its success with Saskatchewan communities.
“This is reflected in the continuous improvement of our operations – the facilities we build, our gaming product and entertainment offerings, and most importantly the investments we make in our people,” he said.
In October of 2016, SIGA announced it had generated more than $1 billion net income for communities and charitable organizations in the province.
As one of the largest First Nation organizations in the country, SIGA employs a workforce of close to 1800 individuals – 65 per cent of which are First Nation.
SIGA operates six casinos in the province and just recently announced plans for a seventh in Lloydminster.