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Thursday, 16 June 2011 16:23

SIGA Reports increased revenues in 2010-2011

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The Saskatchewan Indian Gaming Authority (SIGA) announced today revenues of $259M and a profit of $64.1M for the 2010/2011 fiscal year. 

This represents an increase of 6% over the previous year’s net earnings. As a non-profit corporation, 100 percent of SIGA’s profits are distributed to its beneficiaries in Saskatchewan. 

“At SIGA, we take great pride in being a leading First Nations gaming and entertainment organization,” says Zane Hansen, SIGA President and CEO.  “I would like to thank our customers and our employees for making 2010-2011 another successful year for SIGA.  Relative to the prior year, we did see improvements as market conditions began to recover.  We also focused on a number of operational enhancements to improve the entertainment experience for our customers and provide long-term sustainable returns for our beneficiaries.  I am pleased to say this resulted in net earnings of $64.1M for 2010-2011, making this the fourth straight year of net earnings above $60M.” 

SIGA fully reports its financial and operational performance to its stakeholders and the public. SIGA shares its success in the community with all profits being returned to Saskatchewan:  50% are returned to First Nations communities (First Nations Trust Fund), 25% to the citizens of Saskatchewan through the provincial government and 25% to Community Development Corporations for local initiatives. 

 “SIGA is a unique multi-million dollar First Nations owned and operated business. The company has aligned best business and governance practices with its five guiding principles in order to retain our culture and identity as a First Nations company,” said Kirk Goodtrack, SIGA Board Chair.  “SIGA continues to be one of the largest and most successful First Nations organizations in the country, providing employment for over 1,300 First Nations people and returning over $60M in revenues for four out of our fifteen years of operations. Since opening its doors, SIGA has generated over $534 million dollars in revenue for our beneficiaries, and nearly half of this was in the past four years alone.  This is an astounding accomplishment for our young company, one that we can all be proud of.”

With over 2100 employees, SIGA is one of the largest employers of First Nations people in Canada. 

First Nations employees represent 63 percent of SIGA’s workforce.  Since opening its first casino in 1996, SIGA has grown into one of Saskatchewan’s most prominent companies, generating millions of dollars annually.  SIGA continues to strengthen the lives of Saskatchewan and First Nations people through employment, economic growth and community relations initiatives. SIGA operates six casinos in Saskatchewan in North Battleford, Prince Albert, Saskatoon, Swift Current, Yorkton and on the White Bear First Nation near Carlyle. 100% of profits from SIGA’s gaming operations are returned to its beneficiaries. Our family of casinos offer a distinctive First Nations entertainment experience that reflects the traditional aspects of First Nations heritage and hospitality.

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