Revenue up in Mohegan’s fourth quarter

Mohegan has ended is fourth quarter fiscal, ending September 30, with a net revenue of $444.3m, a $31.3m increase on the previous year.

The company attributed the growth primarily to “the continued growth of Mohegan Digital that was partially offset by lower than expected table hold at Mohegan Sun.”

Adjusted EBITDA was $88m, a decrease on the previous year by $11.7m.

“Our adjusted EBITDA for fiscal 2023 of $399.9m was the second highest in our 27-year history, compared with adjusted EBITDA for fiscal 2022 of $403.9m, which was the highest to date,” said Raymond Pineault, CEO of Mohegan.

“We continue to see growth in our digital gaming segment and with the recent soft opening of Mohegan INSPIRE on November 30, our diversification efforts will further enable Mohegan to achieve strong results.”