MOHEGAN GAMING & ENTERTAINMENT ANNOUNCES SECOND QUARTER FISCAL 2022 OPERATING RESULTS
UNCASVILLE, Conn., May 12, 2022 /PRNewswire/ -- Mohegan Gaming & Entertainment ("MGE" or the "Company"), a master developer and operator of premier integrated entertainment resorts, today announced operating results for its second fiscal quarter ended March 31, 2022.
MGE Operating Results
Three Months Ended
Variance
($ in thousands, unaudited)
March 31, 2022
March 31, 2021
$
%
Net revenues
$ 358,476
$ 278,628
$ 79,848
28.7%
Income from operations
57,450
44,856
12,594
28.1%
Net loss attributable to MGE
(2,783)
(15,989)
13,206
82.6%
Adjusted EBITDA1
86,693
80,726
5,967
7.4%
"Our consolidated Adjusted EBITDA of $86.7 million reflects our strong pe...