#Pineault

Review Journal

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

GGRAsia

Mohegan Inspire 97pct completed, on target for 4Q launch

Construction of the Inspire Entertainment Resort, a complex at Incheon, South Korea, was "approximately 97 percent" completed at the end of August, according to its promoter, Mohegan Tribal Gaming Authority. "Construction progress is tracking to plan," said the United States-based entity, trading as Mohegan Gaming. The "property opening is still on…

Industry ・ 22 September 2023

Indian Gaming

Mohegan Releases Q3 2023 Operating Results

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…

Finance ・ 11 August 2023

Yogonet

Mohegan seeking to boost NY casino bid odds by pledging local businesses support

Mohegan is seeking to boost its odds of securing one of New York's three commercial casino licenses to be made available for the downstate region. The company is pledging to support local small businesses and already signing up loyalty program partners in the Big Apple. The gaming and hospitality firm, controlled by the Mohegan Tribe in…

Travel ・ 27 April 2023

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Indian Gaming

Mohegan Named Casino Operator for Soloviev Group’s NYC Casino Bid

NEW YORK, NY - Mohegan has joined Soloviev Group's bid as the casino partner of Freedom Plaza. This announcement comes as a result of the New York State Gaming Commission's request for applications to develop and operate up to three downstate casinos and strategically leverage the category expertise, values, long-term vision, and culture of Mohegan…

Travel ・ 01 February 2023

The New York Times

Latest NYC Casino Bid Includes a Ferris Wheel Near the UN

After more than two decades, a developer's megaproject could finally take root at the sprawling, fallow site near the United Nations headquarters in Midtown. Its latest bid: a proposal for Manhattan's first Vegas-style casino. Soloviev Group, the longtime owner of the 6.7-acre plot, said on Tuesday that it will partner with Mohegan, the casino and…

Industry ・ 31 January 2023

iGaming Brazil

Mohegan generates $413 million in revenue in Q4 2022

Adjusted EBITDA for the fourth quarter reached $99.8 million, meaning its total adjusted EBITDA for 2022 reached $403.9 million, the highest in its 26-year history, according to the company. Mohegan CEO Raymond Pineault commented, "Our fiscal 2022 adjusted EBITDA of $403.9 million was the highest in our 26-year history." "The first full fiscal year…

Finance ・ 09 January 2023

Penn Bets

Latest Casino Name Change: Just Call It Mohegan Pennsylvania

The racetrack-casino formerly known as Mohegan Sun Pocono and even Mohegan Sun at Pocono Downs before that is now going with a pithier name: Mohegan Pennsylvania. The change was announced Monday by Mohegan, the Connecticut-based tribal gaming entity that itself shortened its name earlier this year from Mohegan Gaming & Entertainment. "Many of our…

Law ・ 26 October 2022

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Mohegan to rebrand its Sun Pocono casino as Mohegan Pennslyvania

Mohegan announced Monday that its Mohegan Sun Pocono property will be rebranded as Mohegan Pennsylvania. The move follows a similar "refresh" of the resort developer and manager's corporate name, going from Mohegan Gaming & Entertainment to Mohegan. Ray Pineault, CEO of Mohegan, stated: "Many of our partners, stakeholders and valued guests commonly…

New Year ・ 26 October 2022

Gambling Insider

Global Gaming Awards Las Vegas 2022: Full Shortlist revealed

Gambling Insider and Gaming America are delighted to share the Shortlist for the 2022 Global Gaming Awards Las Vegas. The Global Gaming Awards are back for the ninth year. These are the most trusted and prestigious awards in the industry, due to the strict rules and procedures put in place to establish the nominees and later, the winners. Companies…

Industry ・ 25 September 2022

Las Vegas Weekly

Native American tribes bring fresh energy and time-tested traditions to Las Vegas hospitality

Las Vegas' Palms Casino Resort has always had a great story. The property just west of the Strip thrived under the original reign of the Maloof family, turning heads with its celebrity check-ins, over-the-top suites and starring role in the 2002-2003 season of MTV's The Real World. In 2016, the Palms was acquired by Red Rock Resorts, parent company…

Travel ・ 23 June 2022

CTPost

Yale, Mohegan Sun partnering to develop mobile app to address gambling addiction

The Mohegan Tribe this week announced a $2 million partnership with Yale University to develop and test a treatment model for gambling addiction that has proven effective in addressing alcohol and drug use disorders. The funding comes amid a surge in calls to the state's problem-gambling hotline following the start of sports betting and online…

Mobile ・ 25 May 2022

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The Day

Mohegans announce support for Yale plan to combat problem gambling

Mohegan - Mohegan Sun's tribal owners announced Tuesday that over the next five years they will invest $2 million in the Yale School of Medicine's ongoing development of an app-based program aimed at treating problem gambling through a process known as cognitive behavioral therapy. The announcement came at a news media event at the Mohegan…

Gambling Addiction ・ 25 May 2022

NBC Connecticut

Mohegan Tribe Partners With Yale University to Combat Problem Gambling

The Mohegan Tribe is partnering with Yale University to fund a new initiative aimed at combatting problem gambling. Researchers from the Yale School of Medicine will begin developing an app to deliver cognitive behavioral therapy. "Which is an evidence-based treatment for substance use as well as other behavioral addictions including gambling,"…

Industry ・ 25 May 2022

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

The CT Mirror

'Informational' hearing yields little information about CT's digital gamblers

Gentle questioning by legislators at a hearing Monday elicited no information on the numbers or habits of the Connecticut gamblers who have wagered more than $2 billion on sports and casino games since online gambling went live in October. Representatives of Foxwoods Resort Casino, Mohegan Sun and the CT Lottery acknowledged that data collected…

Trust and Safety ・ 25 January 2022

Casino News Daily

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

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CT casinos have responsible gambling programs: 'It's something that we take very, very seriously'

For many, a trip to the casino is a pleasant night out, win or lose. For some, though, a gambling addiction can make it a lose-lose proposition. While there is treatment available for those who find themselves addicted to gambling, and help is there for families, as well, it's much harder to identify people whose wagering is out of control, say…

Gambling Addiction ・ 23 October 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

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

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

Casino News Daily

Casino Op Mohegan Unveils Online Gambling Arm

Casino operator Mohegan Gaming & Entertainment on Wednesday launched Mohegan Digital, its interactive division, as online casino gaming and sports betting have just become legal in the company's home state, Connecticut. Mohegan said that its online gambling arm will "lead the charge" in the provision of "cutting-edge" digital gaming solutions to…

Sports ・ 01 July 2021

Yogonet

Mohegan Sun Casino agrees to Nevada's largest fine for a single venue over COVID-19 protocols

he Nevada Gaming Commission on Thursday agreed to a stipulated settlement with Mohegan Gaming & Entertainment for a $60000 fine after several reality television celebrities, who were paid to promote the Mohegan Sun Casino at Virgin Hotels Las Vegas' March 25 opening, were photographed not wearing masks or facial coverings. It marks the largest fine…

Covid ・ 28 June 2021

Gambling News

Nevada Gaming Commission Lauds Casino Recovery Efforts

The Las Vegas gambling scene is beginning to experience new signs of life following the global COVID-19 pandemic. On Thursday, two Las Vegas casinos told the Nevada Gaming Commission (NGC) that they are doing well after the industry rebound from the pandemic. That's a good thing, too, because one of them has to pay a $60000 fine for violating…

Gaming Authorities ・ 25 June 2021

European Gaming

Mohegan Gaming and Entertainment Expects to Open New Athens Casino Resort by 2026

Mohegan Gaming and Entertainment expects that a luxury casino resort on the site of the former Athens airport will be ready by 2026, a top company executive said, giving a timeframe for the first time on development plans. The consortium of Mohegan and Greek construction group GEK Terna last year won a Greek tender for the construction and 30-year…

Travel ・ 24 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