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SaskGaming Enjoys a Profitable Year
It’s true that the casino and gambling industry in Canada has enjoyed a lot of changes in the past few years, and this is something you need to keep in mind. There are a lot of things to keep in mind when looking at the way in which the industry is changing. Profits seem to be fluctuating across the industry each year, but it is clear that the popularity of casino and online gaming is growing.
Saskatchewan-based corporation SaskGaming has posted a profitable year despite the downward trend in the gaming industry currently. The industry overall might have seen a slight decline, but it is clear that provincial gaming is certainly growing. SaskGaming has seen profits of close to C$50 million from two casinos over the fiscal year, and this has seen the company thrive as a provincial attraction for a lot of players these days.
A slowing economy in Saskatchewan, along with an increase in competition among gaming providers is thought to have harmed the potential economic growth and profit margins for SaskGaming, but in all honesty things could have been worse. The province seems to be enjoying good growth in terms of gambling and gaming, and this is only going to be a positive thing. If you want to follow any news about the growth of the casino and gambling industry in Saskatchewan, head to Online Casinos Canada and check out our news section.
Upward Curve for Casino Industry Buoyed by SaskGaming Impressive Year.
The casino and gaming industry in Canada has seen a recognised drop since 2014, however this could be as a result of the rise in online gambling, as more and more people seek to digitize their gaming experience. Finding reviews of the best online Canadian casinos is really important for players who want to make the right choice, and this could well have taken business from land-based casinos as a result.
SaskGaming continues to enjoy success, and the provider is an essential contributor to the economy of Saskatchewan, with the corporation giving close to C$450,000 to charities across the province last year alone. And this is not even counting casino revenue as well; something which you need to understand the benefits of long-term.
It is so important for provincial casinos to bring in money and generate much-needed revenue for their provinces, but also for the country as a whole. It’s crucial that Canada as a whole benefits from this, and that’s what makes casino suppliers like SaskGaming so important. While the profits reported are not quite as much as the $48.8 million SaskGaming enjoyed in 2016-17, this is still no doubt a step in the right direction.