Entertainment <\/p>\n
Mohegan Gaming & Entertainment<\/strong> remains on track with its expansion plans despite recent financial results revealing a slight year-over-year dip in revenue. However, the company\u2019s digital operations recorded outstanding growth<\/strong>, justifying ongoing investments and demonstrating how retail and online offerings can complement each other to deliver lasting success.<\/p>\n For the quarter ending June 30, 2025<\/strong>, Mohegan posted net revenue of $436.9 million<\/strong>, a decline of 1.6%<\/strong> from the same quarter last year. Adjusted EBITDA stood at $94.1 million<\/strong>, a reduction of $18.3 million<\/strong>, or 16.3% <\/strong>compared to the previous year\u2019s results. The company attributed the revenue drops to several one-off factors.\u00a0<\/p>\n Some of the quoted irregularities include management fees<\/strong> relating to the Ilani <\/strong>property and a one-time accelerated non-cash digital license fee<\/strong> at Mohegan Pennsylvania<\/strong>. Without these, Adjusted EBITDA would have risen by 4.9%<\/strong>. CEO Raymond Pineault <\/strong>noted that the company\u2019s recent refinancing<\/a> put it in a better position to meet its long-term goals.<\/p>\n \u201cNow that we\u2019ve addressed our capital structure, we\u2019re singularly focused on executing our plan and increasing value for all our stakeholders.<\/em>\u201d<\/p>\n Raymond Pineault, Mohegan CEO<\/cite><\/p><\/blockquote>\n Digital operations performed better than expected. Digital net revenue increased to $67.5 million<\/strong>, a $25.6 million rise<\/strong> year-over-year. Mohegan Digital\u2019s Adjusted EBITDA grew 48.2%<\/strong>. The company pointed to ongoing growth in Connecticut <\/strong>and consistent performance in Pennsylvania<\/strong>. Mohegan\u2019s status as the lone land-based operator with its proprietary digital product in Ontario gave it a significant competitive advantage.<\/p>\n Mohegan\u2019s physical footprint remains anchored by Mohegan Pennsylvania<\/strong>, its flagship resort in Connecticut, and its Canadian operations in Niagara Falls, Ontario<\/strong>. The operator continues to pursue growth opportunities<\/strong> in both online gaming and new resort destinations. One of its most notable expansion efforts includes its bid for one of the limited New York<\/strong> casino licenses.<\/p>\n In partnership with the Soloviev Group<\/strong>, Mohegan is submitting a proposal<\/a> for a Freedom Plaza resort<\/strong> on a six-acre property located on Manhattan\u2019s East Side<\/strong> between 38th and 41st Streets, east of First Avenue. The project envisions a combination of luxurious amenities, meticulously designed public spaces, and a rewards program linked to local enterprises.<\/p>\n While quarterly results revealed some softness in headline numbers, Mohegan executives were keen to point out that underlying trends<\/strong>, especially in the digital sector, remain robust<\/strong>. With a solid balance sheet, growing digital revenues, and an eye on new markets, Mohegan remains well-positioned<\/a> to maintain its momentum<\/strong> despite intensifying competition and broader economic challenges.<\/p>\n<\/p><\/div>\nMost Metrics Remained Robust<\/h2>\n
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The Company Remains Focused on Growing Its Footprint<\/h2>\n