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MOHEGAN GAMING & ENTERTAINMENT ANNOUNCES FIRST QUARTER FISCAL 2022 OPERATING RESULTS

UNCASVILLE, Conn., Feb. 9, 2022 /PRNewswire/ — Mohegan Gaming & Entertainment (“MGE” or the “Company”), a master developer and operator of premier integrated entertainment resorts, today announced operating results for its first fiscal quarter ended December 31, 2021.

MGE Operating Results  

Three Months Ended

Variance

($ in thousands, unaudited)

December 31, 2021

December 31, 2020

$

%

Net revenues

$                    401,963

$                    230,781

$             171,182

74.2 %

Income from operations

35,195

10,610

24,585

231.7 %

Net loss attributable to MGE

(11,680)

(26,621)

14,941

56.1 %

Adjusted EBITDA1

97,384

40,443

56,941

140.8 %

“Our consolidated Adjusted EBITDA of $97.4 million continues our trend of strong performance and demonstrates MGE’s ability to drive profitability,” said Raymond Pineault, Chief Executive Officer of the Company. “In addition, following the successful completion of financing in November 2021, we are very pleased to announce that MGE has recommenced construction of Inspire Korea.”

Carol Anderson, Chief Financial Officer of the Company, also noted, “These results, including our strong Adjusted EBITDA margins, continue to reflect MGE’s ability to adapt to the ongoing COVID-19 pandemic. At our flagship property Mohegan Sun, Adjusted EBITDA was $78.2 million,…

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2 West Hartford school mascots to undergo change after BOE vote

The Board of Ed wants to adopt new names by their June 7 meeting.

WEST HARTFORD, Conn. — The West Hartford Board of Education voted Tuesday night to change the mascot names for two local high schools.

The vote to change Conard High School’s “Chieftain” name was 5-2. The “Warrior” name for Hall High School also voted to be changed in a 4-3 vote.

A group of administrators, staff, students, alumni, parents, and more will be assembled to come up with the new names.

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The Board of Ed wants to adopt new names by their June 7 meeting, and start implementing those changes by the beginning of the 2022-2023 school year.

The Mashantucket Pequot and Mohegan Fund will not distribute grants to Connecticut municipalities with schools that use logos and names associated with a state or federally recognized Native American tribe or individual, per the state’s 2021 Public Act 21-2. School districts across the state are working to comply with the Public Act so that they do not lose out on that funding.

In December 2021, the Glastonbury Board of Education also voted to change the high school’s team name and mascot to the Guardians. It was a controversial topic, and it led to a physical altercation between a board member and a resident during a public hearing.

RELATED: New Haven school staff member arrested for posing risk to minor: officials

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Concert Connection: ‘Kingfish’ Ingram playing three gigs in CT

Blues sensation Christone “Kingfish” Ingram is set to perform three times in Connecticut next weekend. He’s celebrating the release of his dynamic second Alligator Records album, the recently Grammy-nominated “662” , which debuted at #1 on the Billboard Blues chart.

Kingfish has a performance at the Warehouse at FTC in Fairfield Feb. 10; at Infinity Hall in Hartford Feb. 11; and at Infinity Hall in Norfolk Feb. 12.

In his short career, the 22 year-old Ingram has already become the most celebrated blues musician of his generation, and for good reason. Buddy Guy called him, “the next explosion of blues.” Rolling Stone declared him to be “one of the most exciting young guitarists in years, with a sound that encompasses B.B. King, Jimi Hendrix and Prince.”

NPR Music described his music as “blues at its raw and powerful best.” He also received an avalanche of national and regional press, in major dailiesincluding the New York Times, Washington Post, national publications such as DownBeat, Relix, MOJO and just about all the guitar magazines, and a host of online media.

Ingram appeared on PBS-TV’s “American Creators” series, NPR’s All Songs Considered and World Café, and XM/SIRIUS’ Bluesville channel. Besides his Grammy nomination for his self-titled Alligator debut, “Kingfish”, released in 2019, the album earned five Blues Music Awards and four Living Blues Awards, including Album Of The Year in both competitions.

Ingram also had the honor of being named an NPR Music Slingshot Artist as a breakout artist to watch. For tickets, call 203-259-1036 to or 866-666-6306.

Christone “Kingfish” Ingram Photo by Rory Doyle

Upcoming concerts

The Wood…

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Mohegan

Concert Connection: ‘Kingfish’ Ingram playing three gigs in CT

Blues sensation Christone “Kingfish” Ingram is set to perform three times in Connecticut next weekend. He’s celebrating the release of his dynamic second Alligator Records album, the recently Grammy-nominated “662” , which debuted at #1 on the Billboard Blues chart.

Kingfish has a performance at the Warehouse at FTC in Fairfield Feb. 10; at Infinity Hall in Hartford Feb. 11; and at Infinity Hall in Norfolk Feb. 12.

In his short career, the 22 year-old Ingram has already become the most celebrated blues musician of his generation, and for good reason. Buddy Guy called him, “the next explosion of blues.” Rolling Stone declared him to be “one of the most exciting young guitarists in years, with a sound that encompasses B.B. King, Jimi Hendrix and Prince.”

NPR Music described his music as “blues at its raw and powerful best.” He also received an avalanche of national and regional press, in major dailiesincluding the New York Times, Washington Post, national publications such as DownBeat, Relix, MOJO and just about all the guitar magazines, and a host of online media.

Ingram appeared on PBS-TV’s “American Creators” series, NPR’s All Songs Considered and World Café, and XM/SIRIUS’ Bluesville channel. Besides his Grammy nomination for his self-titled Alligator debut, “Kingfish”, released in 2019, the album earned five Blues Music Awards and four Living Blues Awards, including Album Of The Year in both competitions.

Ingram also had the honor of being named an NPR Music Slingshot Artist as a breakout artist to watch. For tickets, call 203-259-1036 to or 866-666-6306.

Christone “Kingfish” Ingram Photo by Rory Doyle

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Mohegan Gaming & Entertainment Invites You to Join Its First Quarter Fiscal 2022 Operating Results Conference Call

UNCASVILLE, Conn., Feb. 2, 2022 /PRNewswire/ — Mohegan Gaming & Entertainment, or MGE, will host a conference call regarding its first quarter fiscal 2022 operating results on Wednesday, February 9, 2022 at 11:00 a.m. (Eastern Standard Time).

Those interested in participating in the call should dial as follows:

(866) 901-1124
(918) 922-6131 (International)

Conference ID: 3329489

Please call five minutes in advance to ensure that you are connected prior to the initiation of the call. Questions and answers will be reserved for call-in analysts and investors. Interested parties also may listen to a taped replay of the entire conference call commencing two hours after the call’s completion on Wednesday, February 9, 2022. This replay will run through February 23, 2022.

The access number for a taped replay of the conference call is as follows:

(855) 859-2056
(404) 537-3406 (International)

Conference ID: 3329489

About Mohegan Gaming & Entertainment

MGE is a master developer and operator of premier integrated entertainment resorts, including Mohegan Sun in Uncasville, Connecticut, Inspire in Incheon, South Korea and Niagara Casinos in Niagara, Canada. MGE is owner, developer, and/or manager of integrated entertainment resorts throughout the United States, including Connecticut, New Jersey, Washington, Pennsylvania, as well as Northern Asia, Niagara Falls, Canada and Las Vegas, Nevada. MGE is owner and operator of Connecticut Sun, a professional basketball team in the WNBA. For more information on MGE and our properties, visit www.mohegangaming.com.

Contact:
Carol K. Anderson
Chief Financial Officer
Mohegan Gaming & Entertainment
(860) 862-8000

Cision View original content:https://www.prnewswire.com/news-releases/mohegan-gaming–entertainment-invites-you-to-join-its-first-quarter-fiscal-2022-operating-results-conference-call-301474107.html

SOURCE Mohegan Gaming & Entertainment

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Mashantuckets, Mohegans reviewing $590 million in opioids settlements with U.S. tribes

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WBS Penguins gear up for game

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Mohegan Sun Valentine’s Day Sweepstakes

Mohegan Sun Valentine’s Day Sweepstakes
Official Rules
January 31, 2022 – February 13, 2022

PRELIMINARY INFORMATION: NO PURCHASE NECESSARY. A purchase will not improve your chances of winning. Void where prohibited. The Mohegan Sun: Valentine’s Day Sweepstakes (“Sweepstakes”) will begin on January 31, 2022 at 5:00 A.M. ET and end on February 13, 2022 at 10:00 P.M. ET (“Sweepstakes Period”). All times in the Sweepstakes refer to Eastern Time (“ET”). Odds of winning depend upon the number of eligible Entries (as defined below) received. Sweepstakes is subject to all applicable federal, state and local laws. PRIZE (AS DEFINED BELOW) DOES NOT INCLUDE ACCOMMODATIONS, PARKING OR TRANSPORTATION.

ELIGIBILITY: Open only to permanent, legal United States residents who are physically residing in the state of Connecticut, and who are twenty-one (21) years of age or older as of the start of the Sweepstakes Period. Officers, directors, and employees of Sweepstakes Entities (as defined below), members of these persons’ immediate families (spouses and/or parents, children, and siblings, and each of their respective spouses, regardless of where they reside), and/or persons living in the same households as these persons (whether or not related thereto) are not eligible to enter or win the Sweepstakes. Sweepstakes Entities, as referenced herein, shall include WVIT, 1422 New Britain Avenue, West Hartford, CT 06110, NBCUniversal Media, LLC, 30 Rockefeller Plaza, New York, NY 10112 (collectively, “Sponsors”), Mohegan Sun Casino, 1 Mohegan Sun Blvd, Uncasville, CT 06382, (“Prize Provider”), and each of their respective parent, subsidiary, and affiliate companies, and their administrative, advertising, and promotion agencies, and any other entity involved in the development, administration, promotion, or implementation of the Sweepstakes. Prize (defined below) must be redeemed by February 14, 2023 (or on such other date designated by Sponsors and/or Prize Provider in their sole discretion) or Prize (defined below)…

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Palms ready to make Las Vegas ‘history’ with grand re-opening

A long-time dream of the San Manuel Band of Mission Indians is inching closer to reality. When it finally happens this spring, it will also be a historic moment for Las Vegas.

Last May, the tribe and the San Manuel Gaming and Hospitality Authority announced they agreed to purchase The Palms Casino Resort for a reported $650 million from Red Rock Resorts. After an extensive renovation and refresh of the property, the tribe is just weeks away from celebrating a grand reopening.

While Hard Rock Entertainment, owned by the Seminole Indian Tribe in Florida, purchased The Mirage from MGM Resorts International in December, and the Mohegan Tribe’s Mohegan Gaming & Entertainment operates the Mohegan Sun Casino at the new Virgin Hotels Las Vegas, the Palms will become the first and only Native American-owned casino in Las Vegas.

“It’s historic and it’s very exciting,” said Palms General Manager Cynthia Kiser Murphey, who added an official opening date has yet to be determined, but confirmed it is projected to happen this spring. “The tribe has long been searching for the right time to enter the Las Vegas market and when the Palms became available, they really took their time, did their due diligence and decided it would be a perfect fit.”

The Palms is a glimmering 31.5-acre property with twin hotel towers that sits a mile west off the Strip, just past the Rio All-Suite Hotel & Casino on Flamingo Road. It opened in November 2001 and was originally owned by…

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Builder plans subdivision build-out with a twist

A Manhattan-based homebuilder has devised a business model that’s a departure from a classic method of operation in the homebuilding industry. Instead of buying a large tract of land, subdividing it, installing infrastructure, and then building model houses and other units on speculation, Welcome Homes lets the homeowner buy the lot in a subdivision from a third party then offers a customized product built around existing house plans accompanied by a variety of possible custom design elements. Further, the company encourages buyers to use the internet.

Welcome Homes Oaisis model rendering.Welcome Homes Oaisis model rendering.Welcome Homes Oaisis model rendering.

Welcome Homes was established by five co-founders: Alec Hartman; Ben Uretsky; Mitch Wainer; Marc Hartman and Jesse Mauro.

The company has jumped into the Westchester market by planning the build-out of a 13-lot subdivision on 3.2 acres in Northern Westchester. Welcome Homes doesn’t own the land. Rather, the subdivision was created from the former Fieldstone Manor-Mohegan Mansion property on Strawberry Road in Mohegan Lake by owner Bill Catucci. The Fieldstone property comprises approximately 23 acres and a cluster development was approved for a portion of the property.

The company launched in October 2020 with $5.35 million in seed financing led by Global Founders Capital. It billed itself as the first fully-online home building, customization and purchasing experience, cutting by 50% to six months the time it takes to build and move into a dream home.

Welcome Homes living room rendering.Welcome Homes living room rendering.Welcome Homes living room rendering.

“People are desperately seeking new homes, but…

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