“As a gaming and hospitality leader in Arizona, we felt it was in everyone’s best interest to be proactive and close our hotels and casinos to do our part to prevent the spread of the coronavirus (COVID-19),” said Kenneth Manuel, CEO of Gila River Hotels & Casinos, in a statement. on Wednesday, March 18, according to a news release. The three casinos will officially close at 4 a.m. Follow on X.PHOENIX - Gila River Hotels and Casinos announced Tuesday evening that it would temporarily close three of its casinos - Wild Horse Pass, Lone Butte, and Vee Quiva - for two weeks in an effort to help prevent the spread of coronavirus, also known as COVID-19. The tribe also owns the Connecticut Sun, a WNBA franchise that competes with the Las Vegas Aces.Ĭontact Richard N. In addition to its Las Vegas and Korean operations, Mohegan operates its flagship property in Connecticut and gaming operations at Niagara Falls, Ontario, and in Pennsylvania, Washington and New Jersey. 30, our diversification efforts will further enable Mohegan to achieve strong results.” “We continue to see growth in our digital gaming segment and with the recent soft opening of Mohegan Inspire (in Incheon, South Korea) on Nov. “Our adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for fiscal 2023 of $399.9 million was the second highest in our 27-year history, compared with adjusted EBITDA for fiscal 2022 of $403.9 million, which was the highest to date,” said Raymond Pineault, CEO of Mohegan, in a statement. The tribe only operates the casino at Virgin Hotels, but not the rooms, food and beverage and entertainment.

Mohegan doesn’t report revenue at its individual properties - just cash flow. Normalized for table hold, Mohegan Las Vegas’ adjusted cash flow would have been $1.8 million in the current period, the tribal authority said. The tribe attributed the decline to decreased gaming revenue at Mohegan Casino Las Vegas, because table-game hold - the amount won by the casino - was less than the average normally won.

The tribal authority reported cash flow - the money going in and out of the casino - at its Las Vegas operation of $3.1 million, down 434.2 percent from last year. 30, a 7.6 percent increase from the previous year. The Uncasville, Connecticut-based Mohegan Tribal Gaming Authority last week reported revenue of $444.3 million for the quarter that ended Sept. Baskow/Las Vegas Review-Journal) flow declined in the fourth quarter for casino operations of Virgin Hotels Las Vegas, but that didn’t prevent its parent company from having a favorable financial performance. The main gambling area at Virgin Hotels Las Vegas on Monday, March 15, 2021.

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