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Tag: Mohegan Gaming & Entertainment

MOHEGAN GAMING & ENTERTAINMENT ANNOUNCES SECOND QUARTER FISCAL 2022 OPERATING RESULTS
Entertainment

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...