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2007-2008 ANNUAL REPORT
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S A S K A T C H E WA N I N D I A N G A M I N G A U T H O R I T Y I N C .
Notes to the Consolidated Financial Statements
Year ended March 31, 2008
12. Commitments – continued:
Slot machines:
The Casino Operating Agreement requires SLGA to supply slot machines and the slot management
system to SIGA for use in its casinos and for SIGA to reimburse to SLGA the cost of these machines over
the estimated useful life of the equipment. Included in expenses is $11,894,319 (2007 – $6,096,181)
for reimbursement of the purchase of slot machines and the slot machine management system. SIGA
estimates total costs over the next five years, based on the machines currently in use, as follows:
2009
$ 8,193,527
2010
7,892,762
2011
7,192,668
2012
4,988,151
2013
1,012,329
Sponsorships:
SIGA has previously committed to providing sponsorship funding to various agencies subject to annual
budget approval.
Commitments for ongoing sponsorships as at March 31, 2008 are as follows:
2009
$ 100,000
2010
100,000
Other:
The Casino Operating Agreement requires SIGA, upon receiving direction from SLGA, to pay to Indigenous
Gaming Regulators Inc. (IGR) the amount of IGR’s annual operating budget. SLGA has directed SIGA to
pay IGR $2,607,128 for 2008/09 (2007/08 – $2,925,230).
SIGA entered into an agreement with Saskatoon Prairieland Park Corporation (SPPC) regarding the
maintenance of a certain level of SPPC’s income when SPPC closed its casino. SIGA agreed to pay SPPC
$2,600,000 annually for 30 years payable in monthly installments of $216,667. SIGA’s obligation under
this agreement was effective August 10, 2007. SIGA paid SPPC $153,763 for August and commenced
monthly payments of $216,667 effective September 1, 2007.
SIGA entered into an agreement for a three year promotional event. SIGA’s commitment is $150,000 per
year for each year of the agreement. The agreement ends in 2010-2011.