Mohegan reveals Q4 revenue growth as earnings hit record high
Mohegan Gaming and Entertainment (MGE) reported growth in revenue and net profit during the fourth quarter of its 2020-21 financial year, while adjusted EBTIDA reached a record $110.2m (£83.5m/€97.6m)
Revenue for the three months to September 30, 2021 amounted to $391.2m, up 33.1% from $294.0m in the corresponding period last year.
MGE put this growth primarily down to the easing of novel coronavirus (Covid-19) measures across the US, with is casinos able to operate with only minimal restrictions throughout the quarter.
Gaming revenue hiked 24.7% to $286,7m, while hotel revenue climbed 52.2% to $28.4m, food and beverage revenue 125.4% to $28.4m and retail, entertainment and other revenue 46.3% to $47.7m.