Zona de Azar USA – Mohegan Announces its Highest Quarterly Net Revenue in History

USA.- May 13, 2024 www.zonadeazar.com Mohegan Tribal Gaming Authority is once again making headlines. Just last month, the company marked the official launch of a new online casino experience in Pennsylvania: Play.MoheganPAcasino.com and its associated mobile apps offer a comprehensive selection of 500 slots, table games, and live dealer offerings. Additionally, Mohegan celebrated the grand opening of the Mohegan INSPIRE Entertainment Resort in Uncasville, Connecticut, in March, followed by the grand opening of another Mohegan INSPIRE Entertainment Resort in Incheon, South Korea, in February.

The company has been highly active recently, including a series of significant managerial announcements.

Yesterday’s announcement of the company’s second-quarter fiscal 2024 operating results (ended March 31) builds on that momentum. The company reports that it achieved its highest quarterly net revenue ($461.7 million) in their history, up 13.8% year over year.

Consolidated adjusted EBITDA of $84 million decreased $18.2 million compared to the prior-year period, company Chief Financial Officer Ari Glazer explained in a statement, due primarily to operating costs related to the opening of Mohegan INSPIRE and non-controlling interest adjustments at Niagara Resorts.

Besides the Mohegan and Connecticut properties, Mohegan also operates Fallsview Casino Resort and Casino Niagara in Niagara Falls, as well as properties in Pennsylvania, Nevada, New Jersey, and Washington.

“These important milestones are vital to the foundation we’re building to ensure our continued success as we build for 13 generations to come, and beyond,” said Raymond Pineault, Chief Executive Officer of Mohegan. “As we work towards our objectives, these recent achievements demonstrate the effectiveness of our strategy to support our transformation into a world renown global resort operator.”

Edited by: @MaiaDigital www.zonadeazar.com