Page 6 - 2007_2008_Annual_Report

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M E S S A G E F R O M T H E V I C E C H I E F
The growth and ultimately the success of the Saskatchewan
Indian Gaming Authority have resulted in new business and
economic development opportunities for Saskatchewan’s
First Nations. Millions of dollars have flowed into our
First Nations communities directly from gaming profits.
I’d like to congratulate the 1,700 SIGA employees for
another terrific and most memorable year.
Under the terms of the 2002 Gaming Framework Agreement
(GFA), the Federation of Saskatchewan Indian Nations (FSIN)
and the Provincial Government review the agreement every
five years. In September 2007, a new deal was reached. Through the revised agreement revenue
sharing formula, First Nations Trust receives 50 per cent of the net profits, an increase from
37.5 per cent. Of the remaining gaming profits, 25 per cent will be directed to the Province’s
General Revenue Fund, and the remaining 25 per cent will continue to be allocated to
Community Development Corporations (CDCs).
In addition, a revised casino operating agreement has been developed which includes a new
Board of Directors. This new process has begun and the structure includes representation from
the Tribal Councils and independent bands consisting of thirteen board members. As stewards
of the organization, these representatives will continue to move SIGA in a very positive direction.
As Chair of the Economic Development Commission for the Federation of Saskatchewan Indian
Nations, I am pleased to submit the Saskatchewan Indian Gaming Authority Inc. Annual Report
for the year ended March 31, 2008.
Vice Chief Morley Watson
Federation of Saskatchewan Indian Nations