In the United States, the Mohegan Tribal Gaming Authority has released its financial results for the three months to the end of September showing a 2.1% increase year-on-year in overall net revenues to $346.6 million while its income improved by 21.2% to hit $44.2 million.

The owner of the giant Mohegan Sun casino in Connecticut along with Pennsylvania’s Mohegan Sun Pocono, the Mohegan Tribal Gaming Authority revealed that its quarterly gaming revenues had reached $301 million, which represented a 1.6% swell year-on-year, while slot takings advanced by 0.9% to $209.1 million.

Owned by the 1,700-strong Mohegan Tribe Of Indians Of Connecticut, the Mohegan Tribal Gaming Authority additionally declared that its table gaming revenues for the three-month period had expanded by 5% year-on-year to hit $91.7 million while non-gaming activities brought in $70 million, which represented a boost of 1.5%.

All of this came as the casino operator saw its quarterly adjusted earnings before interest, tax, depreciation and amortization inch up by 2.1% to $94.8 million with operational income remaining “relatively flat” at $72.8 million.

The Mohegan Sun in Uncasville saw quarterly adjusted earnings before interest, tax, depreciation and amortization improve by 4.9% year-on-year to $83.6 million while its gaming revenues reached slightly over $231.8 million, which was a 2.5% boost.

Regarding Wilkes-Barre’s Mohegan Sun Pocono, adjusted earnings before interest, tax, depreciation and amortization for the three-month period decreased by 22.2% year-on-year to $13.4 million with its gaming revenues dropping by 1.4% to $69.1 million.

“We are pleased to report another quarter of strong operating results and year-on-year growth,” said Robert Soper, President and Chief Executive Officer for the Mohegan Tribal Gaming Authority. “Our fiscal fourth-quarter capped off an equally strong fiscal year, highlighted by increased consolidated profit and profit margin led by [the] Mohegan Sun, which generated its highest operating cash flow since 2008. With a successful comprehensive refinancing behind us, the opening of our new 400-room Earth Hotel and the grand opening of [the] Ilani Resort approximately two quarters away, we look forward to even stronger financial performance going forward.”

Leave a Reply

Your email address will not be published.