Mohegan’s Q4 Shows Net Revenue Up Operating Revenue Down

Connecticut (Indian gaming/results) – PRNewswire – Mohegan Gaming & Entertainment released its Q4 operating results for the period ended September 30, 2019. Net revenues for the quarter were $414 million compared to $347.2 million year-on-year, a rise of 19.2%. Yet operating income dropped significantly from $69.6 m to $15.7 m year-on-year by 77.4 percent. The decline was driven primarily by Mohegan Sun Pocono’s impairment charge, the firm said. Adjusted $89.4 million EBITDA also dropped from $94.5 million year-on-year, down 5.4%.

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