Report SASKATCHEWAN
SASKATCHEWAN COMMUNITY STRENGTH
As part of the SLGA’s plan for the year 2012/13 the authority is to introduce a full network replacement of 4,000 VLTS and central OS
Saskatchewan was founded by the Europeans in 1690 and became a province of Canada in 1905 and its name is derived from the Saskatchewan River. It is a rectangular shaped prairie province which is bordered on the west by Alberta and in the north by the Northwest Territories and in the east by Manitoba and in the south by the US states of Montana and North Dakota.
Of the one million inhabitants the majority live in the southern half of the province as the north is heavily forested and many are based in the largest city Saskatoon or the capital Regina. The land is covered heavily by lakes, reservoirs and rivers and its major economic activities are agriculture, mining and energy. In 1992 the government signed a land claim agreement with the First Nations which gave them the ability to buy land and as such around 761,000 acres have been turned into reserve land.
Saskatchewan grows a large portion of Canada’s grain and is also the second largest producer of Beef cattle in Canada. Oil and natural gas production are also important. The province is one of Canada’s top economic performers with a GDP growth of 2.9 per cent in 2012 and expected to be up to 3.1 per cent by 2013. Unemployment rate is around 4.8 per cent which is the lowest in the country.
April 2013 PAGE 48
Fifty per cent of the SaskGaming net profits go to the provincial General
Revenue Fund (GRF) whilst 25 per cent goes to the First Nations Trust and
25 per cent is given to the Community Initiatives Fund.
Since 1996 when the first casino opened over
$356m has been given to these funds.
Meanwhile, the tourism industry contributed almost $1.68bn in 2010 and is the province’s fourth largest export industry with around 3,700 attractions and events. Some 8.9 million people visit Saskatchewan each year.
CASINOS There are a total of eight casinos in Saskatchewan of which two are run by the Saskatchewan Gaming Corporation and six are run by the Saskatchewan Indian Gaming Authority.
The Saskatchewan Gaming Corporation (SaskGaming) is a crown corporation, which operates Casino Regina and Casino Moose Jaw. They are regulated by the Saskatchewan Liquor and Gaming Authority (SLGA).
Fifty per cent of the SaskGaming net profits go to the provincial General Revenue Fund (GRF) whilst 25 per cent goes to the First Nations Trust and 25 per cent is given to the Community Initiatives Fund. Since 1996 when the first casino opened over $356m has been given to these funds.
SaskGaming was established through the Saskatchewan Gaming Corporation in 1994 to establish and operate casinos in the province. In 2008 the corporation came under the direction of the Crown Investment Corporation and as such now pays dividends to the CIC.
Casino Regina is located in the historic Union Train Station which is a National
Heritage site. There are over 853 slots and 26 gaming tables. It is open seven days a week from 9am until 4am. There is a Vegas style show lounge plus snacks and dining areas.
Casino Moose Jaw is located in the heart of Moose Jaw’s downtown and has over 204 slots and six table games. The decor is inspired by the roaring 20’s and it is open seven days a week from 9am until 2am or 3am on weekends.
The two casinos see a total of 3.5 million visitors each year whilst total revenue in 2011 reached $134.5m with a gaming income of $51.7m with a payment to the GRF of $25.8m leaving a net income of $24.8m. Revenues have increased by 6.7 per cent on 2010 figures.
Between the two casinos there are a total of 1,057 slots and 32 table games plus nine poker tables (and 12 extra poker tables in the Regina tournament room). Slot revenues for the two casinos reached $114.2m whilst table games saw revenues of $9.5m.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68