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MOHEGAN ANNOUNCES FIRST QUARTER FISCAL 2024 OPERATING RESULTS

UNCASVILLE, Conn., Feb. 8, 2024 /PRNewswire/ — Mohegan Tribal Gaming Authority (“Mohegan,” “we” or “our”) today announced operating results for its first fiscal quarter ended December 31, 2023.

“We are thrilled that Mohegan INSPIRE has received its five-star hotel rating in January and opened the casino on February 3rd,” said Raymond Pineault, Chief Executive Officer of Mohegan. “The five-star rating is a testament to our pursuit for excellence and commitment to providing world-class experiences. We are looking forward to more amenities coming online in the ensuing months.”

Mohegan Operating Results

Three Months Ended

Variance

($ in thousands, unaudited)

December 31, 2023

December 31, 2022

$

%

Net revenues

$                    425,232

$                    406,621

$               18,611

4.6 %

Income from operations

31,970

70,229

(38,259)

(54.5) %

Net income (loss) attributable to Mohegan

(97,019)

807

(97,826)

N.M.

Adjusted EBITDA1

79,002

101,055

(22,053)

(21.8) %

“Quarterly net revenues increased $18.6 million compared with the prior-year period, primarily due to continued growth in Mohegan Digital and non-gaming revenues from Mohegan INSPIRE,” said Carol Anderson, Chief Financial Officer of Mohegan. “However our consolidated Adjusted EBITDA of  $79.0 million decreased $22.1 million compared with the prior-year period due to a number…

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As UConn’s Geno Auriemma reaches 1,200 career wins, Chris Dailey deserves her flowers too

HARTFORD — One of the first decisions Geno Auriemma made after he started as UConn women’s basketball coach in 1985 was hiring Chris Dailey to his staff. After winning his 1,200th career game on Wednesday night, he knows hitting a home run with that decision has helped define his ever-growing legacy.

“I knew very, very early, before we played our first game or I even had the job yet that if she would agree to come here and coach with me and us, we could be good,” Auriemma said after the 67-34 win over Seton Hall. “Obviously nobody envisioned this, but that decision I think made every other decision possible. … By getting that one right, we set ourselves for something like this to happen.”

Dailey has been Auriemma’s other half for all 39 seasons at UConn, three as an assistant and the last 36 as associate head coach. In fact, several of Auriemma’s 1,200 wins are technically Dailey’s: She has led the team to 17 victories when serving as head coach in his absence. Her perfect record includes wins in the 1989 and 1997 Big East Tournament championship games and in the first two rounds of the 2021 NCAA Tournament.

Only two other coaches in college basketball history have surpassed 1,200 wins, Stanford women’s coach Tara Vanderveer (1,206) and former Duke men’s coach Mike Krzyzewski (1,202). Auriemma and Dailey are the only pair to reach the milestone in fewer than 45 seasons and to do so with a single program. (Krzyzewski won 73 games as head coach at Army).

A partnership as long — and successful — as Auriemma and Dailey’s is rare in college…

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South Korea: Mohegan to open first foreigners-only casino in almost two decades on Satuday

Mohegan Inspire Resort announced that the first South Korean foreigners-only casino in almost two decades is set to open on Saturday in Yeongjongdo, Incheon. 

The property got its license from the Ministry of Culture, Sports and Tourism on January 23 to open a new foreigners-only casino in South Korea for the first time in 19 years, as reported by The Korean Herald.

Mohegan Inspire Resort’s casino is considered the country’s biggest gambling property with more than 150 types of table games, 390 slot machines, and 160 electronic table games (ETG) to entertain overseas tourists. The two-story casino also has a special floor for VIP guests, featuring a Guandong-style fine dining restaurant.

After the resort held its soft opening on November 30, 2023, it hosted several K-pop idol concerts as well as the Melon Music Awards (MMA), one of the nation’s biggest music awards shows, in December.

The resort is the eighth property of its parent company, Mohegan. Spanning a land area of 461,661 square meters, the facility required an investment of approximately KRW 2 trillion ($1.53 billion).

The entertainment resort is scheduled to make its grand opening in the first quarter and plans to open all available facilities within the second half of this year, according to Mohegan Inspire Resort officials.

Earlier in the month, the resort announced its achievement of a five-star hotel rating from the Korean Hotel Rating System, administered by the Korea Tourism Association (KTA). This recognition, the highest in the Korean system, underscores the resort’s commitment to excellence in luxury hospitality, according to the announcement.


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Tesla recalling nearly 2.2M vehicles for software update to fix warning lights that are too small

DETROIT (AP) — Tesla is recalling nearly all of the vehicles it has sold in the U.S. because some warning lights on the instrument panel are too small.

The recall of nearly 2.2 million vehicles announced Friday by the National Highway Traffic Safety Administration is a sign of stepped-up scrutiny of the electric vehicle maker. The agency also said it has upgraded a 2023 investigation into Tesla steering problems to an engineering analysis, a step closer to a recall.

Documents posted Friday by the agency say the warning light recall will be done with an online software update. It covers the 2012 through 2023 Model S, the 2016 through 2023 Model X, the 2017 through 2023 Model 3, the 2019 through 2024 Model Y and the 2024 Cybertruck.

The agency says that the brake, park and antilock brake warning lights have a smaller font size than required by federal safety standards. That can make critical safety information hard to read, increasing the risk of a crash.

Tesla has already started releasing the software update, and owners will be notified by letter starting March 30.

NHTSA says it found the problem in a routine safety compliance audit on Jan. 8.

Tesla has identified three warranty claims potentially related to the problem, but has no reports of crashes or injuries.

Shares of Tesla Inc., which have been in a downward trend since July and slumped after the company’s fourth quarter earnings report last week, fell another 2.7% in early trading Friday to levels not seen since May of last year.

Elon Musk cannot keep Tesla pay package worth more than $55 billion, judge rules

In December, NHTSA pressured Tesla into recalling more than 2 million vehicles to update software and fix a defective system that’s supposed…

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Connecticut Sun: The WNBA Team from Connecticut

The Connecticut Sun, a professional women’s basketball franchise based in Uncasville, Connecticut, has been a prominent presence in the WNBA since its establishment in 1999. This article will provide you with information about the Connecticut Sun team and answer some frequently asked questions about them.

Summary: Connecticut Sun and Their Journey in the WNBA

Previously known as the Orlando Miracle and later rebranded as the Connecticut Sun in 2003, the team is one of the twelve teams that make up the WNBA. They have been a contender in the league, making multiple playoff appearances and competing in conference finals on several occasions.

Throughout the years, the team has featured talented players such as Katie Douglas, Taj McWilliams-Franklin, Chiney Ogwumike, and DeWanna Bonner. Under the guidance of head coach Curt Miller, the Connecticut Sun has demonstrated great team cohesion and an exciting style of play.

Home games for the Connecticut Sun are held at the Mohegan Sun Arena, located in Uncasville, Connecticut. The arena has a capacity for approximately 9,323 spectators and provides a fantastic experience for basketball fans.

Frequently Asked Questions about the Connecticut Sun

1. How many times has the Connecticut Sun reached the WNBA finals?

To date, the Connecticut Sun has reached the WNBA finals twice, in 2004 and 2005. In both cases, they were Eastern Conference finalists but did not win the championship.

2. Who are some notable players in the team’s history?

The team has had many talented players throughout the years. Some notable players in the history of the Connecticut Sun include Katie Douglas, Taj McWilliams-Franklin, Chiney Ogwumike, DeWanna Bonner, and many others.

3. Where does the Connecticut Sun play their home games?

The Connecticut Sun plays their home games at the Mohegan Sun Arena, located in Uncasville, Connecticut. The arena is a world-class venue for basketball and can accommodate over 9,000 fans during games.

4. How…

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Inspire: Mohegan’s foreigners-only casino in South Korea opening

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Weights from Uncasville for Winter Brawl 2024

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UNCASVILLE, CT – The talk is over and the work is done.  Three WBC championship titles are on the line tonight as CES Boxing kicks off the year with a massive Winter Brawl 2024, live from Mohegan Sun Arena.  

In addition to the three title bouts, fans will be treated to seven supporting bouts featuring several of the best prospects in New England and the ‘Jimmy Burchfield Invitational’ amateur showcase, all for the price of one ticket. 

Tickets start at $67 and are quickly selling out.  Go to CESfights.comTicketmaster or the Mohegan Sun Box office to purchase your tickets now. 

Fans who can’t make it to Mohegan Sun to catch the show in person can tune into Swerve Combat to view the main card beginning at 8pm.  Swerve Combat can be accessed on Amazon Prime Video, the Roku Channel, and several other platforms.

Weights from Uncasville, Connecticut:

Chordale Booker 155 vs. Greg Vendetti 154; for the WBC USA Super Welterweight title*Ricky de los Santos 125.5 vs. Nathan Martinez 125.5; for the vacant WBC US Silver Featherweight titleFrancis Hogan 160 vs. Dormedes Potes 160; for the vacant WBC USA Silver Middleweight titleAlejandro Paulino 129.25 vs. D’Angelo Keyes 129; Super FeatherweightsChristian Robles 111.5 vs. Angel Gonzales 111; FlyweightsKevin Walsh 134.75 vs. Darrell Rivera 135.5; LightweightsCarlos Vanegas Nunes 125.25 vs. Jaden Webb 125.25; FeatherweightsSlawomir Bohdziewicz 197 vs. Bruno Saraiva 188.25; CruiserweightsChad Leoncello 219 vs. Harold Roy 248;…

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PA Gaming Control Board renews license for Mohegan Pennsylvania

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adStartTime) {continue;} w.YAFT.triggerCustomTiming(whiteListedAds[adObj], adStartTime, adLoadTime); } } } // Override the video load time as the module’s load time if (typeof w._videoLT !== ‘undefined’) { for (var key in w._videoLT) { if (w._videoLT.hasOwnProperty(key)) { w.YAFT.triggerCustomTiming(key, w._videoLT[key].startTime, w._videoLT[key].loadTime || w.performance.now()); } } } }; var setPagePerfDataForTrackModules = function(pagePerfData) { var trackModulesPerfMark…
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Mohegan

AHL: Pens pile up points in January

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Interactive gaming on rapid rise in Pennsylvania

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Country United States of AmericaUS Virgin IslandsUnited States Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth of theCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory South of 60 deg S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic ofBarbadosBelarusBelgium, Kingdom ofBelizeBenin, People’s Republic ofBermudaBhutan, Kingdom ofBolivia, Republic ofBosnia and HerzegovinaBotswana, Republic ofBouvet Island (Bouvetoya)Brazil, Federative Republic ofBritish Indian Ocean Territory (Chagos Archipelago)British Virgin IslandsBrunei DarussalamBulgaria, People’s Republic ofBurkina FasoBurundi, Republic ofCambodia, Kingdom ofCameroon, United Republic ofCape Verde, Republic ofCayman IslandsCentral African RepublicChad, Republic ofChile, Republic ofChina, People’s Republic ofChristmas IslandCocos (Keeling) IslandsColombia, Republic ofComoros, Union of theCongo, Democratic Republic ofCongo, People’s Republic ofCook IslandsCosta Rica, Republic ofCote D’Ivoire, Ivory Coast, Republic of theCyprus, Republic ofCzech RepublicDenmark, Kingdom ofDjibouti, Republic ofDominica, Commonwealth ofEcuador, Republic ofEgypt, Arab Republic ofEl Salvador, Republic ofEquatorial Guinea, Republic ofEritreaEstoniaEthiopiaFaeroe IslandsFalkland Islands (Malvinas)Fiji, Republic of the Fiji IslandsFinland, Republic ofFrance, French RepublicFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabon, Gabonese RepublicGambia, Republic of theGeorgiaGermanyGhana, Republic ofGibraltarGreece, Hellenic RepublicGreenlandGrenadaGuadaloupeGuamGuatemala, Republic ofGuinea, Revolutionary People’s Rep’c ofGuinea-Bissau, Republic ofGuyana, Republic ofHeard and McDonald IslandsHoly See (Vatican City State)Honduras, Republic ofHong Kong, Special Administrative Region of ChinaHrvatska (Croatia)Hungary, Hungarian People’s RepublicIceland, Republic ofIndia, Republic ofIndonesia, Republic ofIran, Islamic Republic ofIraq, Republic ofIrelandIsrael, State ofItaly, Italian RepublicJapanJordan, Hashemite Kingdom ofKazakhstan, Republic ofKenya, Republic ofKiribati, Republic ofKorea, Democratic People’s Republic ofKorea, Republic ofKuwait, State ofKyrgyz RepublicLao People’s Democratic RepublicLatviaLebanon, Lebanese RepublicLesotho, Kingdom…

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