The Mohegan Tribal Gaming Authority is backing state efforts to crack down on prediction market operators that executives say are illegally encroaching on the tribes’ exclusive gaming rights, as the casino operator reported a first-quarter profit buoyed by a one-time accounting gain.
During an earnings call Thursday, Mohegan Chief Financial Officer Ari Glazer said his casino and Foxwoods are working with Connecticut officials to halt what he called unlicensed gambling on platforms that offer wagers on sports outcomes.
“I think the two Connecticut-based Native American tribes have exclusivity on all forms of gaming in Connecticut, and we are actively working with all of the Connecticut constituents and regulators and government to ensure that that is the case,” Glazer said.
