Operator News

Mohegan Sun sees increases in domestic revenues and digital

Mohegan Tribal Gaming Authority has announced operating results for its first fiscal quarter ended December 31, 2024 with net revenues increasing $73.7m year over year.

Mohegan Digital Adjusted EBITDA increased 52.1 per cent year over year whilst Mohegan INSPIRE generated net revenues of $63.5m, up 2.1 per cent. Domestic Resorts’ gaming revenues increased $5.5m, or 2.7 per cent, and non-gaming revenues increased $11.6m, or 12.6 per cent.

“During 2024, Mohegan rolled out a number of important initiatives as part of our strategy to become one of the premier global omnichannel resort operators. Our success in accomplishing these transformational objectives is a credit to our incredible team, and as I look forward to 2025, I’m optimistic about the trends I see emerging within our omnichannel business and from the increased contributions by our non-gaming segments,” said Raymond Pineault, Chief Executive Officer of Mohegan.

“Net revenues of $498.9m increased $73.7m compared with the prior-year period, driven by a strong quarter from Mohegan Sun and continued growth from Mohegan INSPIRE and Mohegan Digital,” said Ari Glazer, Chief Financial Officer of Mohegan. “Consolidated Adjusted EBITDA of $85.1m increased $6.0 million compared with the prior-year period, as our Domestic Resorts, International Resorts, and Mohegan Digital outperformed prior year results.”