SaskGaming, the government-owned casino operator from the Canadian province of Saskatchewan, has announced that its revenue in the 2021-2022 fiscal year doubled compared to the previous twelve months.
Saskatchewan Gaming Corporation (SaskGaming) reported a net income of 19.1 million dollars in the 2021-2022 financial year, taking advantage of the reopening of its casinos in the province.
The government-owned corporation was established in 1996 to set up and operate Casino Regina. Then, in 2002, the company inaugurated Casino Moose Jaw, a new gaming venue in the province.
The last financial year didn’t lack challenges, though, as casinos remained closed during the first three months of the period. However, the remaining nine months saw a return to normalized operations, and that helped revenues significantly.
Shanna Schulhauser, spokesperson for SaskGaming, underlined that the 2020-2021 fiscal year brought the company a loss of 13.4 million dollars, so the net income of 19.1 million recorded in 2021-2022 is a big step in the right direction.
SaskGaming also announced that its revenue for the 2021-2022 fiscal year amounted to 77.8 million dollars, more than double compared to the 30.9 million that were generated in 2020-2021.
However, the casinos reopening also brought increased expenses for the company, from 44.3 million dollars in 2020-2021 to 58.7 million dollars in 2021-2022. The fiscal year ended on March 31.