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News Release - January 20, 1997 CASINO REGINA ECONOMIC IMPACT STUDY RELEASED
Joanne Crofford, minister responsible for the Saskatchewan Gaming
Corporation, today said a recently completed study shows that Casino Regina is making a major impact on the economy of Regina and Saskatchewan. The minister released the results of an economic assessment conducted by Tourism Saskatchewan to measure the operational and tourism impacts of Casino Regina on the city and province. "This assessment illustrates that after only one year of operation, Casino Regina is already an important factor in our economy and it has delivered a major boost to the tourism industry," Crofford said. The study puts the impact of the casino into perspective by equating the economic activity generated by the casino to the province hosting two Grey Cups or seven Big Valley Jamborees in one year. The casino produced an estimated gross output (goods and services expenditures, labour output and business profits) totalling nearly $54.3 million, of which $50.4 million was in Regina. Measured on the basis of the Gross Domestic Product (GDP), Casino Regina accounted for an estimated $29.1 million in GDP during its first year of operation. "From the government's standpoint, the most significant measurement was the job creation impact," Crofford said. "The study estimated Casino Regina created or maintained 1,100 full- and part-time positions, with labour income totalling $21.5 million." Casino Regina drew 1.4 million guest-visits during its first year, with 37 per cent of those visits from Regina and 16.7 per cent from other Saskatchewan points. Manitoba and Alberta made up 41.6 per cent, with the remainder coming from other provinces, United States and overseas. To illustrate the impact Casino Regina has had on tourism, the study estimated the casino drew 101,000 people to Regina and that they spent $16.9 million. Of the total, 73,200 visitors were from outside Saskatchewan. Expanded tourism accounted for 550 of the 1,100 jobs attributed to the casino. "The figures included in the impact study show that Casino Regina has had a significant impact on the general economy, on our business community through the purchase of goods and services and increased tourism activity and on the employment opportunities for Saskatchewan people," Crofford said. -30- For more information, contact: Kathy Maher-Wolbaum Saskatchewan Gaming Corporation Regina Phone: (306) 787-1592 |
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