Mohegan Sun’s Slot Machines Performing Well

The Mohegan Tribal Gaming Authority has released their operating results for the quarter ended December 31, 2006, and they are very pleased with how they have been performing. The tribe owns and operates several slot machine casinos located in Connecticut and Pennsylvania, and here are the facts:

• They had gross slot machine revenues of $250.6 million, which is a 15.9% increase from last year same time.
• Their income from operations of $68.2 million - which is a 0.3% decrease from same time last year.
• Reported net income of $37.9 million, which was a 1.1% decrease from last year, but not enough for the casino to worry about.
• Opened their second slot machine casino in Pennsylvania at Mohegan Sun at Pocono Downs. This is Phase I of their plan.
• Revenues from non gaming sources were down - $70.1 million, a 1.8% decrease from last year
• Showed an increase in first quarter gaming revenues of 10% or $346.9 million over last year.
• Obtained approval from Pennsylvania’s Gaming Control Board for a permanent Category One Slot Machine License at Mohegan Sun at Pocono Downs in Wilkes-Barre, Pennsylvania
• Surprisingly, table games revenues were down 0.8% or $94.6 million from last year

Their increased slot machine and overall revenues were no doubt due to the new gaming parlor they have opened in Wilkes-Barre, PA. According to PA sources, the casino’s slot machines have brought in more money than the company and the state thought they would.

Back to Monthly Archive // Main Slot Machine News Index