A top executive from Mohegan Gaming & Entertainment, which manages the casino inside Virgin Hotels Las Vegas, said the company is not leaving the market after a gaming analyst questioned if the casino was adding anything positive to the company’s bottom line.
The business arm of Connecticut’s Mohegan Indian Tribe said last week its net revenue for the fiscal year that ended in September was $1.67 billion, the highest figure in the company’s history.
But the record haul wasn’t because of the Mohegan Las Vegas casino, which is operated as part of Virgin Hotels. The 60,000-square-foot gaming space saw a 42 percent revenue decline in the three months that ended Sept. 30.
Mohegan Gaming did not provide a 12-month revenue total for the casino that it has operated since March 2021 through a management agreement.
