Tag: Mohegan

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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Tesla is going to use the loophole of operating on tribal land to finally operate in Connecticut, a state that has been aggressively blocking Tesla from operating sales, delivery, and service centers for years.

There are a few states in the US that have laws prohibiting direct sales of electric vehicles to the public without going through third-party dealerships.

These bans come from old laws that were meant to protect car dealers from their own automakers supplying the vehicles.

The idea is that automakers couldn’t open a company-owned store next to a third-party dealer after they have made the investment to sell and service their cars. It would be unfair competition.

Now, however, car dealerships are using those old laws to prevent automakers that never had deals with third-party franchise dealers, like Tesla, from selling their vehicles to the public, even though it’s fair competition. Tesla has been fighting those laws in many states with some success, but there are still a few states that are abusing these laws.

Connecticut has been one of them.

Tesla has made several different efforts to support its customers in the state, but it has found strong opposition from the legislation and the Connecticut Automotive Retailers Association (CARA), which finances state legislators.

At one point, Tesla opened a “gallery” in Connecticut. In that gallery, Tesla claimed that it didn’t have sales operations and would only educate the public. The auto dealer association managed to have Tesla’s “gallery” shut down through an effort that involved sending “secret shoppers” to try to make Tesla staff talk about sales and shut down the gallery.

After the latest efforts to change the laws were shut down by state legislation, Tesla has decided to change its strategy.

In New Mexico, Tesla found an…

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Credit: Tesla

Tesla is working around antiquated dealership laws again, this time in Connecticut. Mohegan Sun, a popular casino and resort, has announced the opening of a Tesla Sales, Service, and Delivery Center later this year, marking a “first-of-its-kind venture” in the state operating on Sovereign Tribal land.

For years Tesla has been working to overturn legislation in Connecticut that only allows vehicles to be delivered to customers through a third-party dealership. This poses a problem for Tesla since they sell their cars directly to consumers, something that simplifies the buying process and avoids the need for a middle man, and all of the strings that come attached with that business model, but it also means customers can’t take delivery within the state.

Teslas most recent attempt to overturn the law was last year, and like it’s previous attempts, the bill failed to pass. Now Tesla is taking matters into their own hands, and opening a delivery center on tribal land.

“We’re really excited about this new Tesla EV Showroom opening this fall at Mohegan Sun. This endeavor with Tesla marks an electrifying milestone in Mohegan Sun’s commitment to fostering impactful relationships, promoting environmental sustainability, and offering cutting-edge experiences for our millions of annual guests, each of which are core goals of Mohegan Sun and the Mohegan Tribe,” said Jeff Hamilton, the president and general manager of Mohegan Sun.

According to The Mohegan Sun, the showroom will be located across from Todd’s English’s Tuscany, and deliveries will be handled at the nearby Sky Tower valet. the Mohegan Sun already has five Tesla charging stations.

Tesla has used this strategy of working around dealership laws in other states. The automaker has opened two location in New Mexico, and has plans to open a location in Oneida, New…

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UNCASVILLE – Tesla is opening a sales and showroom at Mohegan Sun, setting up shop on the Mohegan Tribe’s sovereign land to sidestep a Connecticut law preventing direct-to-consumer auto sales.

The Tesla Sales and Delivery Center will open this fall at The Shops at Mohegan Sun, in a first-floor storefront formerly occupied by a Victoria’s Secret store, the casino announced on Wednesday.

Customers will be able to see and buy Tesla vehicles at the casino storefront. And the cars will be delivered at Mohegan Sun’s Sky Tower valet.

“This endeavor with Tesla marks an  electrifying milestone in Mohegan Sun’s commitment to fostering impactful relationships, promoting  environmental sustainability and offering cutting-edge experiences for our millions of annual guests, each of which are core goals of Mohegan Sun and the Mohegan Tribe,” Mohegan Sun President and General Manager Jeff Hamilton said in a news release.

In its release, Mohegan Sun touted the storefront as a “first-of-its-kind venture in Connecticut with the premiere Sales & Delivery center operating on Sovereign Tribal land.”

Tesla has been lobbying unsuccessfully for years to get Connecticut lawmakers to legalize direct-to-consumer sales of its electric vehicles. Electric-only vehicle manufacturers including Rivian and Tesla have used a direct sales model instead of the dealership model of other auto companies.

The annual “Tesla bill” regularly faces opposition from Connecticut’s car dealers who argue that the carve-out would give electric manufacturers an unfair advantage in the market.

The co-chairs of the legislature’s Transportation Committee State Rep. Roland Lemar, D-New Haven, and State Sen. Christine Cohen, D-Guilford, were generally supportive of the move in comments to CT Examiner.

“It’s certainly innovative on the part of both Tesla and the Tribe to come up with a solution that will bring their cars to market in Connecticut and allow them to distribute here,”…

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Jul. 26—Release your inner rockstar fantasy by singing along with one of the genre’s best.

Rock ‘n’ roll icon Pat Benatar, along with her husband and music partner Neil Giraldo, make a stop on their Funtastic Tour at Mohegan Pennsylvania’s Outdoor Concert Venue, 1280 Route 315, Plains Twp., on Friday, July 28. Doors open at 6:30 p.m. and the show starts at 8 p.m., rain or shine.

Tickets cost $55 and can be purchased by visiting ticket

master.com and the Mohegan Pennsylvania Box Office, located at the hotel front desk.

Entry is general admission, and seating will be available on a first-come, first-served basis. A limited number of VIP packages are available. This is an event for guests ages 21 and older and a valid ID is required upon entry. All people, bags and personal items are subject to inspection.

Benatar first took over the radio — and MTV — in the late 1970s and early 1980s with hits such as “Heartbreaker,” “Hit Me With Your Best Shot,” “Shadows of the Night” and “Love is a Battlefield.” She has become an icon of rock thanks to her punchy anthems and extensive vocal range, that allow for her to hit low bluesy tones all the way up to dramatic high notes, brushed with her signature rasp. The four-time Grammy-winner also was inducted into the Rock and Roll Hall of Fame in 2022.

Benatar explained that she and Giraldo — who have been married for 41 years — begin working on the tour’s set list about a month out, choosing songs from their 44-year catalog.

“We try to pick something from every era,” Benatar said. “The audience, they also want to hear some of the deep cuts from those albums so we put a couple of those in there and we fill in the rest. They really…

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