Mohegan’s net revenue rises in second fiscal quarter

(AsiaGameHub) –   Mohegan’s net revenue increased by 2.4 percent compared to the corresponding period in 2025, driven by a record quarterly performance from Mohegan Digital.

The Mohegan Tribal Gaming Authority has released its operating results for the second fiscal quarter, which concluded on March 31, 2026. The company reported net revenue of $429.0 million, marking a 2.4 percent increase from the equivalent period in 2025, primarily attributed to Mohegan Digital’s record-setting quarterly performance.

Adjusted EBITDA reached $85.4 million, an increase of $1.5 million. The company noted that if Mohegan Sun’s table hold were normalized, Adjusted EBITDA would have shown an $8.3 million, or 10 percent, rise.

Mohegan Digital posted record net revenue of $79.3 million, an increase of $22.7 million. Its Adjusted EBITDA also hit a record $39.7 million, up $12.9 million from the previous year’s period.

Within the domestic resorts segment, net revenue stood at $288.6 million, a decrease of $9.4 million compared to the prior-year period. Robust slot performance at Mohegan Sun was counteracted by an unfavorable table hold and reduced table volumes.

Adjusted EBITDA for this segment was $59.7 million, down $11.5 million from the prior-year period, mainly due to decreased revenues and marginally higher operating expenses, such as elevated energy costs.

International resorts recorded net revenue of $66.5 million, a decline of $0.6 million, and adjusted EBITDA of $1.8 million, down $0.9 million from the prior-year period. The reduction in adjusted EBITDA largely stemmed from lower net revenue and increased contractual lease obligations.

For Corporate and development, net revenue reached $4.4 million, an increase of $0.6 million. The adjusted EBITDA loss amounted to $15.8 million, an increase of $1 million, attributed to labor savings following a recent workforce reduction. It’s worth noting that the net loss in the prior-year period incorporated a $179.5 million loss from discontinued operations linked to Mohegan Inspire.