Gambling in the USA
Mohegan Gaming Reports Q4 Fiscal 2019 Results

Mohegan Gaming & Entertainment (MGE) has released the operating results for its fourth fiscal quarter ended September 30, 2019. During the three-month period, net revenues totalled US$414 m, a 19.2% rise from US$347.2 m in 2018.
Mohegan’s income from operations in Q4 was US$15.7 m, a 77.4% decline from the US$69.6 m that it had posted in 2018. This was primarily driven by an impairment charge at Mohegan Sun Pocono.
AEBITDA of US$89.4 m was a 5.4% decrease from the US$94.5 m in the prior year. Consolidated net revenues were up 19.2%, driven by the positive contribution of the Niagara resorts and continued outperformance from non-gaming revenue growth.
“MGE had a remarkable fiscal fourth quarter given the inclusion of two new competitors in our primary northeast market in the last 15 months, and we are off to a good start thus far in the first quarter of fiscal 2020 as well,” Mario Kontomerkos, President and CEO of Mohegan said.
“These strong results can be attributed to a commendable management effort by our property leadership as well as our first full quarter of operations from our Niagara resorts. Outside of North America, project Inspire in South Korea continues under construction and remains on track for a 2022 opening. In connection with Inspire, we are pleased to announce our partnership with Hanwha Corporation, one of the country’s largest conglomerates, who will serve as our primary general contractor and will also provide the project with important local operational expertise and credit enhancement. These domestic and international efforts, which also include the September announcement of our venture with Virgin Hotels in Las Vegas, have placed MGE on solid ground for success for generations to come,” Mario Kontomerkos added.
-
Compliance Updates7 days ago
Konami Gaming Awarded Gaming-related Vendor License in the UAE
-
Australia7 days ago
VGCCC Fines Werribee RSL for Self-exclusion Failures
-
Australia7 days ago
ACMA: ReadyBet Breaches Gambling Self-exclusion Rules
-
Latest News6 days ago
Top 5 Igaming Solutions For Fast Start in 2025 — SBSB Fintech Lawyers Recommends
-
Latest News7 days ago
Bety Casino Launches New Premium Platform with Trusted Licensing, Instant Crypto Withdrawals, and Elite Gaming
-
eSports3 days ago
2025 PUBG MOBILE World Cup Survival Stage set to determine Grand Finalists
-
Latest News7 days ago
Superbet Becomes New Main Sponsor of Jagiellonia Białystok
-
eSports7 days ago
Esports Charts Becomes Official Viewership Analytics Partner of StarLadder Budapest Major 2025