Category: Mohegan

A star studded class will be inducted into the Naismith Basketball Hall of Fame this weekend to take their place in basketball history.

It will be a busy weekend of activities to commemorate the class of 2023 that kicks off on Friday, Aug. 11 at Mohegan Sun before the enshrinement ceremony takes place on Saturday in Springfield.

This year’s class, which was announced in April, includes Gene Bess, Pau Gasol, David Hixon, Gene Keady, Dirk Nowitzki, Tony Parker, Gregg Popovich and Dwyane Wade, Gary Blair and Becky Hammon.

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Here’s a full rundown of events for the weekend.

FRIDAY AUGUST 11TH AT MOHEGAN SUN CASINO

Autograph Session 11:00 AM – 12:30 PM – Mohegan Sun, Convention Center

The kickoff event for Enshrinement Weekend will allow ticket holders to receive one autograph per class member. Only one outside item per ticket holder is permitted.

Press Conference – 2:00 PM – 4:00 PM (NBATV) – Mohegan Sun, Cabaret

Media availability for the Hall of Fame Class of 2023 is only available to the credentialed media.

Tip-Off Celebration & Awards Gala – 8:00 PM – 10:00 PM – (NBATV) – Mohegan Sun

The Class of 2023 and the Hall’s annual award winners will be celebrated at this event with the Class of 2023 rings and Hall of Fame jackets being presented.

SATURDAY…

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Mohegan is focused on growing its digital segment as revenue during the second quarter of 2023 fell slightly in comparison to the previous year.

Digital operations improved across all financial measurements, but land-based operations failed to match online’s strong performance during the quarter.

Publishing its Q2 results, Mohegan declared overall revenue of $415.4m, down 0.4 per cent in comparison to the previous year’s $417.1m. However, Q2’s revenue is an improvement on Q1’s $405.8m.

Income from operations dropped as well by 8.6 per cent year-over-year to $82.4m (2022: $90.1m), while net income fell by 14.8 per cent to $50.6m (2022: $59.4m).

However, while adjusted EBITDA also declined by 9.5 per cent YoY to $108.7m (2022: $120m), the quarter’s figure was the third-highest quarterly total in the operator’s 26-year history, with the previous year’s figure being the highest.

AEBITDA margin came in at 26.2 per cent, 268 basis points favourable in comparison to Q3 2019 and 262 basis points unfavourable in comparison to Q2 2022.

As of June 30, 2023, and September 30, 2022, Mohegan held cash and cash equivalents of $188.2m and $164.7m, respectively.

Commenting on the results, CEO Raymond Pineault said: “Our consolidated adjusted EBITDA of $108.7m was the third highest quarterly total in our 26-year history, while the prior-year comparable quarter was the highest to date.

“We continue to see strong results from our digital segment and are focused on growing that line of business.”

Per segment, Mohegan’s Digital revenue improved by 56.6 per cent YoY to $16.7m thanks to strong growth in Connecticut and the addition of Ontario. Connecticut online casino gaming win rose by 65 per cent to $42.8m (2022: $26m) with 10,000 active daily players. 

For Ontario’s Play Fallsview, unique players, deposits and wagering…

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WILKES-BARRE — Mohegan Pennsylvania takes over the harness track & track infield to celebrate the return of NEPA’s largest outdoor beerfest — Oktoberfest 2023! Return of the popular beer festival is set for Friday, September 15 and Saturday, September 16

Guests can enjoy 50+ domestic and imported beer options, delicious food, live music, cornhole tournaments, wiener dog racing (yes, you read that correctly) and much more!

Germany’s own, Romy also returns for her 7th Consecutive Performance at Oktoberfest.

Tickets are $5.00 per day at the door. Friday’s hours are 5:00 p.m. to 11:00 p.m. and Saturday’s are 11:00 a.m. to 11:00 p.m. at Mohegan Pennsylvania’s Outdoor Event Venue.

The region’s largest Oktoberfest is back where it all started. The festivities will kick off with a ceremonial keg tapping from each of our participating distributors for Oktoberfest at 5:00 p.m. on September 15.

Over the course of this two-day event, guests will enjoy award-winning traditional entertainers, local bands, authentic German American cuisine, wiener dog racing, NEPA cornhole tournaments, strong arm contests and more than 50 beer selections such as Shangy’s – The Beer Authority, Northeast Eagle, Wallenpaupack Brewing Co and L.T. Verrastro. Guests will also have the option to enjoy wine, spirits and various seltzers.

NEPA Cornhole will be conducting walk-up tournaments throughout the festival which will take place on the racetrack infield.

Live entertainment at Mohegan Pennsylvania’s Oktoberfest includes fan-favorites like Bavarski Band, Schützengiggles Oompah Band, Joe Stanky and the Cadets, Alpine Horns Ensemble, HSV Bavaria, Ken Norton, Jay Luke and the return of multi-talented German singer, Romy. The main stage will feature an area of over 1,000 seats for guests to enjoy,

This diverse lineup features some artists based right out of NEPA, such as Schützengiggles Oompah Band who are a traditional German/Bavarian Brass band from Scranton. There’s also…

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Aug. 10—WILKES-BARRE — Mohegan Pennsylvania takes over the harness track and track infield to celebrate the return of NEPA’s largest outdoor beerfest — Oktoberfest 2023! Return of the popular beer festival is set for Friday, September 15 and Saturday, September 16

Guests can enjoy 50+ domestic and imported beer options, delicious food, live music, cornhole tournaments, wiener dog racing (yes, you read that correctly) and much more!

Germany’s own, Romy also returns for her 7th Consecutive Performance at Oktoberfest.

Tickets are $5.00 per day at the door. Friday’s hours are 5:00 p.m. to 11:00 p.m. and Saturday’s are 11:00 a.m. to 11:00 p.m. at Mohegan Pennsylvania’s Outdoor Event Venue.

The region’s largest Oktoberfest is back where it all started. The festivities will kick off with a ceremonial keg tapping from each of our participating distributors for Oktoberfest at 5:00 p.m. on September 15.

Over the course of this two-day event, guests will enjoy award-winning traditional entertainers, local bands, authentic German American cuisine, wiener dog racing, NEPA cornhole tournaments, strong arm contests and more than 50 beer selections such as Shangy’s — The Beer Authority, Northeast Eagle, Wallenpaupack Brewing Co and L.T. Verrastro. Guests will also have the option to enjoy wine, spirits and various seltzers.

NEPA Cornhole will be conducting walk-up tournaments throughout the festival which will take place on the racetrack infield.

Live entertainment at Mohegan Pennsylvania’s Oktoberfest includes fan-favorites like Bavarski Band, Schützengiggles Oompah Band, Joe Stanky and the Cadets, Alpine Horns Ensemble, HSV Bavaria, Ken Norton, Jay Luke and the return of multi-talented German singer, Romy. The main stage will feature an area of over 1,000 seats for guests to enjoy,

This diverse lineup features some artists based right out of NEPA, such as Schützengiggles Oompah Band who are a traditional German/Bavarian Brass band from Scranton. There’s also more than simply music. HSV Bavaria is…

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Oktoberfest is Back at Mohegan Pennsylvania

The return of the popular beer festival is set for Friday, September 15th & Saturday, September 16th; Germany’s own, Romy, returns for her 7th Consecutive Performance at Oktoberfest

 

WHAT: Mohegan Pennsylvania (MPA) will be taking over the harness track & track infield known as MPA’s Outdoor Event Venue to celebrate the return of NEPA’s largest and most popular outdoor beerfest: Oktoberfest 2023! The two-day festival kicks off on Friday, September 15th, running into Saturday, September 16th. Guests can enjoy 50+ domestic and imported beer options, delicious food, live music, cornhole tournaments, wiener dog racing and much more! Tickets are $5.00 per day at the door.

WHEN/WHERE: Friday, September 15th from 5:00pm – 11:00pm

                          Saturday, September 16th from 11:00am – 11:00pm

                               Mohegan Pennsylvania Outdoor Event Venue 

IN DETAIL: The region’s largest Oktoberfest is back where it all started. The festivities will kick off with a ceremonial keg tapping from each of our participating  distributors for Oktoberfest at 5:00pm on Friday, September 15th. Over the course of this two-day event, guests will enjoy award-winning traditional entertainers, local bands, authentic German American cuisine, wiener dog racing, NEPA cornhole tournaments, strong arm contests and more than 50 beer selections including highlights like Shangy’s – The Beer Authority, Northeast Eagle, Wallenpaupack Brewing Co and L.T. Verrastro. Guests will also have the option to enjoy wine, spirits and various seltzers.

NEPA Cornhole will be conducting walkup tournaments throughout the festival which will take place on the racetrack infield.

Live entertainment at Mohegan Pennsylvania’s Oktoberfest will include fan-favorites, Bavarski Band, Schützengiggles Oompah Band, Joe Stanky and the Cadets, Alpine Horns Ensemble, HSV Bavaria, Ken Norton, Jay Luke and the return of talented singer and Germany’s own, Romy. The main stage will feature an area of over…

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UNCASVILLE, CT – Mohegan Tribal Gaming Authority has released operating results for its third fiscal quarter ended June 30, 2023.

Mohegan Operating Results

“Our consolidated Adjusted EBITDA of $108.7 million was the third highest quarterly total in our 26-year history, while the prior-year comparable quarter was the highest to date,” said Raymond Pineault, Chief Executive Officer of Mohegan. “We continue to see strong results from our digital segment and are focused on growing that line of business.”

“Our Adjusted EBITDA margin of 26.2% was 268 basis points favorable compared with our pre-COVID-19 third quarter of fiscal 2019 and 262 basis points unfavorable compared with the prior-year period,” said Carol Anderson, Chief Financial Officer of Mohegan.

Mohegan Sun

Net revenues decreased $5.8 million compared with the prior-year period primarily due to lower slot and table games volumes. Strong non-gaming growth driven by food, beverage, entertainment, and hotel revenues partially offset the decline in gaming revenues. Adjusted EBITDA of $68.5 million was 9.5% unfavorable compared with the prior-year period. The Adjusted EBITDA margin of 29.7% was 289 basis points favorable compared with the pre-COVID-19 third quarter of fiscal 2019 and 232 basis points unfavorable compared with the prior-year period.

Mohegan Pennsylvania

Net revenues decreased $1.5 million compared with the prior-year period primarily due to lower gaming volumes, which were partially offset by strong food, beverage, and hotel revenues. Adjusted EBITDA of $14.1 million was 5.8% unfavorable compared with the prior-year period. The Adjusted EBITDA margin of 21.6% was 26 basis points unfavorable compared with the pre-COVID-19 third quarter of fiscal 2019 and 81 basis points unfavorable compared with the prior-year period.

Niagara Resorts

Net revenues increased $1.5 million compared with the prior-year period primarily driven by the continued ramp of non-gaming amenities, including as…

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The Mohegan Tribal Gaming Authority released its fiscal third-quarter earnings report, which detailed a slight decrease in overall net revenue. 

Although casino activity was down, strong non-gaming growth driven by food, beverage, entertainment and hotel revenue helped offset the gaming revenue drop. In addition, Mohegan’s online casino segment continues to improve from quarter to quarter. 

Mohegan Q3 financial highlights

For the third quarter, which ended June 30, Mohegan reported net revenue of $415.4 million, down 0.4% compared to the same period last year. 

In a press release,Mohegan CEO Raymond Pineault said:

“Our consolidated Adjusted EBITDA of $108.7 million was the third highest quarterly total in our 26-year history, while the prior-year comparable quarter was the highest to date.”

Pineault continued by saying Mohegan continues to see substantial results from its digital segment and is focused on growing that line of business.

Mohegan’s financial revenue from Q3-2023 increased significantly from Q2 when it reported $405.8 million in net revenue. 

Net revenue by Mohegan property Q3 2023:

• Mohegan Sun: $230.6 million, down 2.5%
• Mohegan Pennsylvania: $65.2 million, down 2.3%
• Niagara Resorts: $81.1 million, up 1.8%
• Mohegan Digital: $17 million, up 56.6%

Mohegan Q2 2023 financials:

• Mohegan Sun: $225.9 million, up 4.8%
• Mohegan Pennsylvania: $63.2 million, up 1.7%
• Niagara Resorts: $70.8 million, up 35%
• Mohegan Digital: $22.7 million, up 283.9%

Q1 2023 financials:

• Mohegan Sun: $239.4 million
• Mohegan Pennsylvania: $59.8 million
• Niagara Resorts: $74 million
• Mohegan Digital: —

Carol Anderson, Chief Financial Officer of Mohegan, also noted: “Our Adjusted EBITDA margin of 26.2% was 268 basis points favorable compared with our pre-COVID-19 third quarter of fiscal 2019 and 262 basis points unfavorable compared with the prior-year period.”

Mohegan Digital continues its rise

 The company’s digital segment, which is active in Connecticut’s online casino market experienced the most significant increase primarily due to the addition of online gaming…

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Hey high rollers of the Northeast, you really want to ball? How about driving away from the casino with a brand-new Tesla to carry your fat wallet away? It’s going to be possible at Mohegan Sun soon.

Connecticut’s National Treasure Mohegan Sun Casino in Uncasville has just announced that they are in the process of opening up the very first Tesla Sales & Delivery Center in Connecticut to operate on Sovereign Tribal land. The Tesla EV showroom is slated to open sometime in the Fall of 2023, and will be located across from Todd English’s Tuscany Restaurant in the Shops at Mohegan Sun. Vehicle delivery will take place at the Sky Tower Valet, and they will be offering test drives around the resort, and will also be accepting Mohegan Sun’s loyalty program Momentum points towards the purchase of a vehicle.

Mohegan Sun has also announced that this partnership with Tesla will breed into it’s workforce development program, and provide opportunities to learn skills that may pave the way to more Musk money.

This is great news for Tesla and Mohegan Sun, under Connecticut law, vehivcles can only be purchased from independent car dealers, a business practice soundly rejected by Tesla. Tesla does operate it’s own dealership, there’s one one of them in Connecticut, it’s in Milford at 881 Boston Post Road.

If only my parents were still around, they spent every weekend at mohegan, laughing and smoking their cigs, building up those points. I can just picture them cruising along Rt. 2 in a new Model 3.

During the Heat Wave, Let’s Remember the Great Blizzard of 2013 in Connecticut

Everyone is moaning about the heatwave that we’re in here in Connecticut, it could be worse, it was 10 years ago. Connecticut was hit with an incredible blizzard that dumped 40 inches of…

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