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US – Mohegan tribe reports steady casino results

By - 23 November 2016

The Mohegan Tribal Gaming Authority, owner of Mohegan Sun in Uncasville, Connecticut, and Mohegan Sun Pocono in Wilkes-Barre, Pennsylvania, reported net revenues of $346.4m for its fourth fiscal quarter ended September 30, 2016, marking a 2.1 per cent increase over the fourth quarter of fiscal 2015.

Gaming revenues of $301m marked a 1.6 per cent increase over the fourth quarter of fiscal 2015.

Tables showed a five per cent increase whilst slots were up 0.9 per cent.

“We are pleased to report another quarter of strong operating results and year-over-year growth,” said Robert J. Soper, President and Chief Executive Officer of the Authority. “Our fiscal fourth quarter capped off an equally strong fiscal year, highlighted by increased consolidated profit and profit margin, led by 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 ilani Resort approximately two quarters away, we look forward to even stronger financial performance going forward.”

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