Casino Op Mohegan Unveils Online Gambling Arm

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Virgin Hotels Las Vegas casino cash flow down, Mohegan tribe says

Cash flow declined in the fourth quarter for casino operations of Virgin Hotels Las Vegas, but that didn't prevent its parent company from having a favorable financial performance. The Uncasville, Connecticut-based Mohegan Tribal Gaming Authority last week reported revenue of $444.3 million for the quarter that ended Sept. 30, a 7.6 percent…

Finance ・ 20 December 2023

The Day

Casinos’ slots revenue holding (almost) steady since advent of online gaming

With Connecticut's introduction of online gaming approaching the two-year mark, industry analysts are considering the new form of gambling's effect on traffic at Foxwoods Resort Casino and Mohegan Sun. Are gamblers hunkering down at home or elsewhere, content to wager on their computers and hand-held devices? Or, as gaming-expansion proponents…

Industry ・ 07 August 2023

Yogonet

Mohegan Sun Las Vegas and MGE Digital boost 28% growth for the parent company's revenues

Mohegan Gaming & Entertainment (MGE), on Thursday posted overall net revenues of $358.5 million in its second fiscal quarter ended March 31, a year-over-year increase of 28.7% , and adjusted EBITDA of $86.7 million, an increase of 7.4%. These improvements were due to "strong performance" at the company's owned properties and the addition of Mohegan…

Finance ・ 13 May 2022

The Day

For casinos, more competition from New York may be in the cards

While that prospect still might seem far-fetched, the likelihood that New York state will license two full-scale casinos near the Connecticut border by the end of the year is very real. Foxwoods Resort Casino and Mohegan Sun have been expecting it. Ever since Empire City Casino and Resorts World New York City opened at Yonkers Raceway and Aqueduct,…

Covid ・ 26 March 2022

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The Denver Gazette

Connecticut’s launch of expanded gambling yields billions for gamblers, millions for state and casinos, but deeper debt for some

HARTFORD, Conn. - Bettors dropped more than $2 billion late last year as Connecticut launched its long-awaited legalized sports betting and online gambling, generating tens of millions of dollars for the state, the two tribal-owned casinos and Connecticut Lottery Corp. But for some gamblers who too easily take on debt with gambling now available on…

Trust and Safety ・ 01 February 2022

The Hartford Courant

'Betting and betting,’ CT's expanded gambling yields billions

Bettors dropped more than $2 billion late last year as Connecticut launched its long-awaited legalized sports betting and online gambling, generating tens of millions of dollars for the state, the two tribal-owned casinos and Connecticut Lottery Corp. But for some gamblers who too easily take on debt with gambling now available on laptops, tablets…

Trust and Safety ・ 31 January 2022

Online Poker Report

Connecticut's Online Casinos Made $8.9M In Their First Partial Month

Even accounting for the smaller population, Connecticut's online casino revenue is off to a slow start compared to other iGaming states. Yesterday, the Nutmeg State released its revenue figures for October and its two online gambling operators generated a bit less than $8.9 million in gross gaming revenue (GGR). After promotional deductions, the…

Sports ・ 03 January 2022

CTPost

CT online gambling launches with thousands of bets and an open future

A day after New Jersey announced it was the first state to take in more than $1 billion in sports wagers in a single month, Connecticut fully launched online casino gaming and sports betting with thousands of bets placed in the first few hours. Now the question is what the largest betting expansion in decades will mean for state coffers, and for…

Sports ・ 31 October 2021

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Online gambling starts in Connecticut, with the first bets placed on NLCS

HARTFORD, Conn. - Online gambling in Connecticut began at 6 a.m. Tuesday, kicking off expanded wagering that was years in the making in negotiations between elected officials and the state's two Native American-owned casinos over details of sports betting and digital games. FanDuel, the partner of Mohegan Sun casino, and DraftKings, which is…

Politics ・ 20 October 2021

The Hour

Online gambling to launch in CT on Tuesday

HARTFORD - All adults age 21 and older in Connecticut can participate in online wagering starting Tuesday morning. The state Department of Consumer Protection has cleared the full launch of online sports wagering and iCasino in Connecticut to begin at 6 a.m., Gov. Ned Lamont said Monday. The start of online gaming follows the soft launch of…

Sports ・ 19 October 2021

The Hartford Courant

Online gambling in Connecticut to launch on a limited basis Tuesday

Bettors can gamble on their phones, tablets and other online devices beginning Tuesday, the Connecticut Department of Consumer Protection announced. The agency said Friday it notified the Connecticut Lottery Corp., Mohegan Tribe and Mashantucket Pequot Tribe - owners and operators of the state's two casinos - they may begin a seven-day limited…

Covid ・ 09 October 2021

Norwich Bulletin

Mohegan Sun's future is expanding and diversifying from gambling

UNCASVILLE - As his casino's 25th anniversary approached, Mohegan Sun President and CEO Jeff Hamilton said he's looking to the future. "It's very different from a facilities standpoint 25 years ago, and I expect it in the next 25 years to be very different from today," Hamilton said. Those next 25 years are expected to include expansion of the…

Travel ・ 07 October 2021

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What Will Online Gambling Legalization Mean for Connecticut State?

A new era of online gambling will get underway in when FanDuel, DraftKings and PlaySugarHouse launch this month. The state should eventually earn around $100 million per year by taxing this nascent industry, according to Gov. Ned Lamont. This article explores the economic impact that will have upon Connecticut, and how the state will spend the…

Lottery ・ 05 October 2021

Yogonet

Foxwoods Resort Casino in Connecticut reports slot revenue down 15% in August

oxwoods Resort Casino announced Thursday $30.8 million in slot revenue for the month of August. The figures see revenue down from the $36.5 million in July, although revenue was up 3.8% over the $29.6 million reported in August 2020. The casino has reported $7.7 million in direct payment to the state of Connecticut in accordance with the…

Finance ・ 17 September 2021

Online Poker Report

CT Regulation Review Committee Approves Gambling Expansion Rules

Connecticut officials continued to move ahead on online gambling and sports betting today by approving regulations to govern it. A launch date can't be set yet because of a necessary federal approval. However, today's action by the Connecticut General Assembly's Regulation Review Committee brings the launch one step closer. That body approved the…

Law ・ 31 August 2021

The Day

Casinos' quarterly results show they're recovering from pandemic

Mohegan Gaming & Entertainment announced Tuesday what it described as "strong results" for the quarter that ended June 30, a sign, it said, of its further recovery from the effects of the COVID-19 pandemic. MGE, which develops, owns and manages gaming and entertainment resorts across the United States and internationally, posted net revenues of…

Covid ・ 11 August 2021

Casino News Daily

Mohegan, FanDuel Pen Connecticut Betting, Online Casino Deal

Mohegan Gaming & Entertainment (MGE), the casino and hospitality arm of the Mohegan Tribe, has tapped FanDuel as its sports betting partner in Connecticut as the state is entering the final stages of introducing the practice to local sports fans. Under the terms of this new partnership, FanDuel will provide online and mobile sports betting and…

Sports ・ 09 July 2021

Florida News Times

Mohegan Sun to jump-start online gaming in CT

With results flat from its foray into interactive gaming in Pennsylvania amid intense competition there, Mohegan Gaming & Entertainment is rebooting its efforts with a new Mohegan Digital division to create gambling apps and websites starting on its home turf of Connecticut. The announcement comes weeks after Connecticut approved interactive…

Industry ・ 02 July 2021

Online Poker Report

Mohegan Sun Announces Online Gambling Division As CT Launch Nears

As Connecticut awaits the launch of online gambling, one of its casinos is making big preparations. Mohegan Digital launched today as the iGaming arm of Mohegan Sun, the tribal property located in Uncasville. While the digital offering will be available in multiple states, CT online gambling still needs federal approval before the bill Gov. Ned…

Lottery ・ 01 July 2021

Vegas Slots Online

Mohegan Sun Casino in Vegas Accepts $60,000 NGCB Fine

The Mohegan Sun Casino at Virgin Hotels Las Vegas is already facing disciplinary action for failing to ensure its patrons followed COVID-19 regulations on its opening night in March. [Image: Shutterstock.com] One of Las Vegas's newest casinos is already in trouble with the gaming regulator. The Mohegan Sun Casino at Virgin Hotels Las Vegas has…

Covid ・ 02 July 2021

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Nevada Casino Regulator Recommends New Mohegan CEO for License

Mohegan Gaming & Entertainment's new CEO, Ray Pineault, was recommended for licensing by the Nevada Gaming Control Board on Wednesday, although the Connecticut-based casino operator is facing disciplinary action from the regulator. Mr. Pineault was named interim CEO for Mohegan in late March after the company's former top executive, Mario…

Land-based ・ 07 January 2022

Online Poker Report

Connecticut Online Gambling Is A Done Deal, Save For DOI Approval

Connecticut will attempt to become the latest state to legalize iGaming and online sports betting. Gov. Ned Lamont applauded last night's 28 to 6 Senate vote approving House Bill 6451. The bill now proceeds to his office for signature. Just one hurdle remains, and it's outside of the state's control. Lamont has promised to sign HB 6451 into law, so…

Gaming Authorities ・ 26 May 2021

Nevada Public Radio

Virgin's Mohegan Sun Becomes First Tribal Casino In Las Vegas

Tribal casinos have sprouted up all over North America, but only one tribe has broken into the Las Vegas market. Last month, Mohegan Gaming and Entertainment -- the business operation of the Mohegan Indian Tribe -- began operating its first local casino. The Mohegan Sun Casino takes up almost all of the casino floor inside the new Virgin Hotels Las…

Travel ・ 07 May 2021

Online Poker Report

CT Governor, Tribes Just Inches From Agreement On Gambling Expansion

2021 stands to be a good year for gambling expansion, as states race to make up for time that they lost to fighting COVID-19 last year. Already, five states have introduced bills which would legalize online casinos, online poker, or both. Not all of these are equally likely to succeed. At one extreme, you have longshot efforts like this…

Politics ・ 29 May 2021

The Hartford Courant

From sports betting to gambling on your phone, here are the details of Connecticut’s new online gambling agreement

There's a deal between the Lamont administration and the Mohegan Tribe that would dramatically expand gambling in Connecticut, from sports wagering to gambling on your cell phone, from poker to the lottery. The agreement, which will require General Assembly approval of changes to the state's gambling compact with the tribes, still lacks a critical…

Sports ・ 08 May 2021