Mohegan Gaming third quarter results in line with prior period

Mohegan Gaming & Entertainment saw its third-quarter results falling generally in-line with the prior-year period, according to a filing from the operator on Wednesday.

Net revenues reached $344.9 million, down 1.5 percent from the prior-year period.

MGE said the decrease in revenue was primarily due to a reduction in non-gaming revenues, caused by a weaker entertainment calendar.

The revenue decline was offset somewhat by higher gaming revenues ($295.4 million) driven by promotional activity in the Mohegan Sun Pocono gaming market.

Adjusted EBITDA was $88.2 million, down 1.2 percent from the prior year period.

MGE is the operator of the Mohegan Sun in Connecticut, Mohegan Sun Pocono in Pennsylvania, and is the manager of Resorts Casino Hotel in New Jersey as well as the operator of project Inspire, a first-of-its-kind, multi-billion dollar integrated resort and casino project to be built at Incheon International Airport in South Korea.