Beyond the one-time gain from the WNBA franchise divestment, core operations showed steady momentum. The company’s Restricted Group recorded a 5.8% increase in net revenue and a 10.2% rise in Adjusted EBITDA compared to the prior year. Strong performance at the Mohegan Sun property helped capture 59.7% of the Connecticut slot market share, its highest level since late 2020.
Mohegan Reports Quarterly Growth Following WNBA Franchise Sale
The Mohegan Tribal Gaming Authority reported a significant financial swing for the fiscal third quarter ending June 30, 2026, posting a net income of $296 million. This result, a sharp recovery from a $5.2 million loss in the same period last year, was primarily driven by the $300 million sale of the Connecticut Sun.
Mohegan Digital emerged as a standout segment, generating a record $40.1 million in quarterly Adjusted EBITDA. According to Chief Operating Officer Joe Hasson, the results underscore healthy demand across destination resorts and a digital business that continues to scale. While international resort revenues dipped due to an adverse swing in table hold, corporate leadership emphasized that the infusion of capital from the franchise sale provides the financial flexibility necessary to reduce debt and reinvest in the company's core resort portfolio.
Comments (0)
No comments yet. Be the first!