Indian Gaming

The Mohegan Tribal Gaming Authority announced second quarter results for its facilities in Connecticut and Pennsylvania:

“We are extremely pleased with the results for the quarter,” said Mitchell Grossinger Etess, Chief Executive Officer of the Authority. “In Connecticut, EBITDA declined only 5.5% despite a net revenue decline of 7.5% and the impact of a weekend blizzard in February which was the largest in the state in over 100 years, reflecting the benefit of our cost saving initiatives implemented late last year. Also encouraging was a moderation of recent revenue trends in March and a continuation of this trend into April. In Pennsylvania, our team implemented operational changes in early March which resulted in the highest monthly EBITDA in Mohegan Sun at Pocono Downs’ history. I would like to thank all of our team members for their hard work and commitment, which as always was critical to our success during the quarter.”

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Press Release: MOHEGAN TRIBAL GAMING AUTHORITY ANNOUNCES SECOND QUARTER FISCAL 2013 OPERATING RESULTS (MTGA 5/2)