Canada
  [ Enlarge Image ]  
 
 
<< Back 
by: Gene Koprowski.
Record revenues are being reported by the The Saskatchewan Gaming Corporation, which operates the casinos in Regina and Moose Jaw.

The company posted a net income of $43.8 million in the most recent fiscal year, according to a financial report released yesterday.

SGC reported revenues of $128.7 million -- a 15- percent increase over the previous year -- and expenses of $75.7 million for the year ended March 31, 2008. A big portion of the expenses were promotions to attract new gamblers to the casinos.
About half of the gaming firm's profits are directed to the provincial government's general revenue fund. That keeps taxes lower for consumers. 

The so-called Community Initiatives Fund and First Nations Trust Fund also each receive 25 percent of the net profits. The money supports non-profit and economic development organizations and funding for projects in tribal communities.
 
According to the annual report, slot revenues were $104.1 million, whilst table revenues were $10.4 million for the 2007-08 fiscal year.

Daily attendance for Casino Regina was 6,639, on average, and 1,588 per day in Moose Jaw.


Variety of card and table games
at Sun Palace Casino



The workforce for both casinos is 1,050. Aboriginal employees represent 42 per cent of the total workforce, the report noted.

"This past year has been outstanding. We have seen great success toward reaching our goals of being an employer of choice and a leader in our communities," Saskatchewan Gaming Corporation board chair Wes Becker said.

The company was nominated for the award of Business of the Year from Tourism Saskatchewan and the Tourism Industry Association of Canada, and was also named one of Canada's Top 100 Employers for the first time and one of Saskatchewan's Top 10 Employers for the second straight year.


© Copyright 2008 Gambling Central's material. It may not be published, broadcast, rewritten, or redistributed.

[ Back ]