The company attributed the rise in revenue to the continued growth of its South Korean casino resort, Mohegan Inspire.<\/p>\n\n\n\n\n\n\n\n
South Korea.- Mohegan Gaming & Entertainment (MGE) has shared its financial results for the second quarter of the year. It posted net revenue of US$504.16m, up 9.2 per cent quarter-on-quarter and 21.4 per cent when compared to last year.<\/p>\n\n\n\n
The company attributed the rise to the continued growth of Mohegan Digital and Mohegan Inspire, its South Korean casino resort, which posted net revenue of US$60.1m. The venue recorded negative adjusted EBITDA of US$7.6m. The net slot win was US$2,513 and the net table win US$35,270. Hotel occupancy amounted to 70.8 per cent in the second quarter. <\/p>\n\n\n\n
Ray Pineault, president and CEO of Mohegan, said: “As I look across our enterprise, I feel confident about how our strategy is taking shape and I\u2019m excited about our near and long-term prospects. The combination of profitable growth in Digital, the ramp at INSPIRE since the grand opening in March, combined with the stability and resilience of our flagship, Mohegan Sun in Connecticut, highlights some of the important drivers for our growth in the present and future.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The company attributed the rise in revenue to the continued growth of its South Korean casino resort, Mohegan Inspire.<\/p>\n","protected":false},"author":176,"featured_media":16790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Mohegan Gaming & Entertainment reported Q2 net revenue of US$504.16m, a 21.4% YoY increase, primarily driven by the ramp-up of its South Korean integrated resort, Mohegan Inspire, and sustained growth in its Mohegan Digital segment. While Mohegan Inspire contributed US$60.1m in net revenue, it posted a negative adjusted EBITDA of US$7.6m, reflecting its post-grand opening phase. The CEO emphasized the strategic importance of these diversified growth drivers alongside the stable performance of Mohegan Sun.","focusai_entities":"Mohegan Gaming & Entertainment, Mohegan Digital, Mohegan Inspire, Mohegan Sun, Ray Pineault","focusai_location":"South Korea, Connecticut","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Inspire EBITDA Path","query":"What is the projected timeline and key operational milestones for Mohegan Inspire to achieve positive adjusted EBITDA, given its current negative performance?"},{"label":"Digital Growth Strategy","query":"How does Mohegan Digital's profitable growth contribute to the overall enterprise strategy, and what are the specific expansion plans for this vertical?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,24132],"class_list":["post-777018011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-mohegan-gaming-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777018011"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018011\/revisions"}],"predecessor-version":[{"id":777018037,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018011\/revisions\/777018037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16790"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}