Closure for the pandemic cost Casino Regina/Moose Jaw dearly.
The two government-owned gaming operations lost $9.3 million during the three months ended June 30.
Estimated loss of revenues is $30 million.
Revenues of a mere $50,000 came from interest cash reserves. Cash on hand was reduced to $8.8 million from $20 million.
As a result, the Saskatchewan government did not receive any dividend from the casinos. Last year the government was paid $6.3 million after the first three months off the 2019 fiscal year.
The casino cut expenses for the quarter by $8.7 million to $6.6 million.
During the closure, Sask Gaming continued with capital projects to modernize the gaming floor and improve guest experience, says the management discussion part of the financial statements.
The casinos re-opened on July 9 with reduced capacity and safety regulations to prevent COVID-19.
Ron Walter can be reached at [email protected]
