SIGA (Saskatchewan Indian Gaming Authority) has just announced the financial report for the fiscal year 2022-2023 and the results are staggering.
The province might have had a slow start due to the covid-19 pandemic, however, with the pandemic firmly behind, the province has registered an impressive rebound.
Keep reading to learn more about Saskatchewan’s success within the gaming industry in Canada!
SIGA Registers $292.6 Million in Revenue
During the last fiscal year, which ended in March 2023, SIGA registered an impressive $292.6 million in revenue and $126 million in net income.
This is an increase of 84.8% from the previous year (2021-22), which only saw a revenue of $68.2 million.
Zane Hansen, SIGA President and CEO, commented: “SIGA had the strongest year in our history as we came out of the pandemic with the most profitable year in its over quarter-century history.”
This spectacular success comes right after SIGA launched their online casino 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 is the only legitimate online casino in the province and since its launch in November 2022, it has attracted some 15,000 clients.
While the casino offers sports betting as well, the casino side of the site attracted the most clients and generated the most revenue.
SIGA President and CEO said, “SIGA will focus in the next year on the development of PlayNow’s customer base through enhanced marketing capabilities and partnerships with other gaming stakeholders in Saskatchewan.”
Who is SIGA?
SIGA, or Saskatchewan Indian Gaming Authority, is the gaming regulatory authority for the Canadian province of Saskatchewan.
The regulator operates the online casino Playnow.com in collaboration with the province of British Colombia and seven land-based casinos throughout the province:
- Dakota Dunes Resort & Casino on Whitecap Dakota First Nation
- Northern Lights Casino 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 committed to giving back to the community and thus, profits generated from both the land-based casinos and the online casino are invested back in the community through its Community Investments Program.
Its profits are disturbed between the National Trust to be spread between the 74 First Nations in Saskatchewan, Community Development Corporations and the provincial General Revenue Fund.