Mohegan Tribal Gaming Authority has announced operating results for its third fiscal quarter ended June 30. During the quarter, the company completed the $300 million sale of the Connecticut Sun WNBA franchise and redeemed $140 million in aggregate principal amount of its 2029 Senior Unsecured Notes. The Restricted Group reported year-over-year growth of 5.8% in net revenue and 10.2% in Adjusted EBITDA.
Mohegan Sun recorded a 59.7% share of Connecticut’s slot market, its highest quarterly market share since the fourth quarter of 2020. Mohegan Digital also reported record quarterly Adjusted EBITDA of $40.1 million, while its Connecticut operations averaged $467 in revenue per monthly active user.
“Our quarterly financial results demonstrate the continued strength of our business and our team’s ability to execute,” said Joe Hasson, chief operating officer at Mohegan. “Restricted Group revenue growth of 5.8% year-over-year underscores the healthy demand for our destination resorts, continued momentum in our digital business, and our unwavering focus on delivering exceptional guest experiences.”
