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SaskGaming posts financial loss for the first time in 25 years of operations due to COVID-19


Posted: Jul 05, 2021 5:27 PM CT | Last Updated: July 5
A drone shot of Casino Regina on Saskatchewan Drive. (Trent Peppler/CBC)
SaskGaming posted a loss of $13.4 million for the 2020-21 fiscal year, the first time the public casino operator has lost money in its 25-year history. 
The details are contained in the Crown Corporation s annual report.
SaskGaming pointed to the COVID-19 pandemic as the source of the financial hit in a new release on Monday. 
This reporting year was unlike anything SaskGaming has experienced in 25 years of operation, SaskGaming president and CEO Susan Flett is quoted as saying in the news release.  ....

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SaskGaming loses $13.4 million due to lengthy COVID closures


Article content
The 2020-21 annual report for Saskatchewan’s public casino operator showed a $13.4 million net loss. As a result, the corporation was unable to return any money to the government. The loss is a first for a Crown corporation that has been consistently profitable over the past 25 years.
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SaskGaming loses $13.4 million due to lengthy COVID closures Back to video
Revenue fell to just $30.9 million in 2020-21, compared to $114.1 million the year before, as money from slots, table games and especially food, beverages and entertainment dried up.  Expenses dropped too as SaskGaming temporarily laid off 570 permanent employees but not by nearly enough to make up the difference. ....

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