Mohegan hits highest-ever quarterly revenue

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Mohegan has reached the highest quarterly net revenue in its history during the period ending March 31, 2024, Q2.

The company’s revenues hit US$461.7m, a year-on-year increase of 13.8 per cent from $405.8m.

Income from operations, however, was down 51.1 per cent year-over-year to $31.2m, and Adjusted EBITDA was down 17.8 per cent to $84m.

The company’s quarter was also punctuated by the official grand opening of Mohegan INSPIRE on March 5.

“These important milestones are vital to the foundation we’re building to ensure our continued success as we build for 13 generations to come, and beyond,” said Raymond Pineault, chief executive officer of Mohegan.

“As we work towards our objectives, these recent achievements demonstrate the effectiveness of our strategy to support our transformation into a world renown global resort operator.”

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