SIGA (Saskatchewan Indian Gaming Authority) has officially unveiled its financial performance report for the completed fiscal year of 2022-2023, and the findings are nothing short of remarkable.
Initially, the province faced challenges due to the impacts of the COVID-19 pandemic, but now, as the crisis wanes, Saskatchewan has experienced a significant resurgence.
Stay tuned to discover more about Saskatchewan's notable accomplishments within Canada's gaming sector!
SIGA Registers $292.6 Million in Revenue
In the most recent fiscal year, which concluded in March 2023, SIGA reported an impressive $292.6 million in revenue along with $126 million in net profit .
This marks an astounding 84.8% increase compared to the previous year's figures (2021-22), which showed a revenue of only $68.2 million.
Zane Hansen, SIGA President and CEO, remarked: “This has been the most successful year in our history as we emerged from the pandemic, achieving the highest profitability in our over 25 years of operation.”
This outstanding achievement follows the launch of SIGA's online platform, PlayNow.com on the 3rd of November 2022 .
The website offers a variety of online casino games like online slots , Blackjack , Poker , Roulette , Baccarat , Keno , lotteries , Bingo , and even live casino games .
PlayNow.com stands as the sole authorized online casino in the province , and since its inception in November 2022, it has attracted approximately 15,000 customers .
Although the casino also includes sports betting options, it is the casino section that has drawn the majority of patrons and generated the highest revenue.
The President and CEO of SIGA indicated, “Looking forward, we aim to expand PlayNow's user base through improved marketing strategies and collaborations with other gaming partners in Saskatchewan.”
Who is SIGA?
SIGA , or Saskatchewan Indian Gaming Authority , serves as the regulatory body overseeing gaming operations in the Canadian province of Saskatchewan .
The authority manages the online casino Playnow.com in partnership with the province of British Columbia and oversees seven land-based casinos spread across Saskatchewan:
- Dakota Dunes Resort & Casino located on the Whitecap Dakota First Nation
- Northern Lights Casino situated on the Peter Ballantyne Cree Nation
- Gold Eagle Casino on the Mosquito First Nation
- Living Sky Casino on the Nekaneet First Nation
- Painted Hand Casino on the Kahkewistahaw First Nation
- Bear Claw Casino on the White Bear First Nation
- Gold Horse Casino on Little Pine Cree Nation
SIGA is dedicated to contributing to the local community; therefore, the profits earned from both the physical and online casinos are reinvested back into the community through its Community Investments Program .
The profits are distributed among the National Trust , which benefits 74 First Nations located in Saskatchewan, along with Community Development Corporations and the provincial General Revenue Fund .