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US – Mohegan Sun reports slight increase in revenues

By - 5 May 2017

The Mohegan Tribal Gaming Authority, owner and operator of Mohegan Sun in Uncasville, Connecticut, and Mohegan Sun Pocono in Wilkes-Barre, Pennsylvania, saw a slight year-on-year increase its second fiscal quarter ended March 31, 2017.

Net revenues of $336.8m represented a 1.5 per cent increase over the second quarter of fiscal 2016.
Gaming revenues of $293.7m were, relatively flat compared to the second quarter of fiscal 2016.
Gross slot revenues of $198.6m marked a 2.2 per cent decrease from the second quarter of fiscal 2016.
Table game revenues of $94.6m, a 1.3 per cent increase over the second quarter of fiscal 2016

“We were pleased with our second quarter results which reflect strong underlying operating fundamentals, particularly in Connecticut,” said Mitchell Grossinger Etess, Chief Executive Officer of the Authority. “Subsequent to the quarter end, our operating performance continues to be strong, and with the successful repricing of our bank credit facility, the commencement of construction of the Mohegan Sun Expo Center, the receipt of our first development fee proceeds from Project Inspire and the opening of ilani Casino Resort this past week, we continue to execute on our core diversification and deleveraging strategies and position the Authority on strong footing moving forward.”

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