AWARD WINNING EDITORIAL
SEPTEMBER 27, 2021 VOL. 57, No. 39
I N CLU DI N G TH E H U DSO N VALLE Y WE E K LY S EC TIO N
westfaironline.com
S u n n a a g t e h 2 o 5 M Numbers are up, and that's before sports betting begins
BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
T
These are heady times for Mohegan Sun. Not only is the casino nearing its 25th anniversary on Oct. 12, it is also girding for
the long-awaited arrival of legalizing iGaming and sports wagering that same month, while it has apparently recovered from the impact of Covid-19 — and then some. “We’ve taken all the steps necessary to make sure our visitors are safe,” Mohegan Gaming & Entertainment President and CEO Ray Pineault told the Business Journal, saying the Uncasville casino went above and beyond the pro-
CARPORTS WITH A TWIST
tocols established by the CDC and state and local governments to rebuild visitors’ confidence. “We continue to put protocols in place and maintain a culture centered on our guests’ safety,” he said, “and we’ve been pleased with the results.” As well the company should be. For the quarter ended June 30, Mohegan Gaming & Entertainment (MGE) — which in addition to the flagship
Connecticut location operates Mohegan Sun Poconos in Pennsylvania; Fallsview in Niagara Falls, Canada; Mohegan Sun Casino at Virgin Hotels Las Vegas, which officially opened on March 25; and, scheduled for 2023, the Inspire Entertainment Resort in Incheon, South Korea — posted net revenues of $328.2 million, a 206% increase over Q3 2020; income from operations of $64 million versus a $20.5
million loss in the previous third quarter; and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $101.7 million, a 1,111.2% increase. As for Mohegan Sun’s pending 25th anniversary, Pineault calls it a “testament to the hard work and dedication of our team members” — many of whom he said have been with the organization since it first opened its doors —
President & CEO
pkatz@westfairinc.com
C
arports that have long been popular in many areas of the country as alternatives to more-expensive enclosed garages may be coming in large numbers to Westchester Avenue in White Plains. Carports have been less-than-popular in » CARPORTS
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203.302.4375
» MOHEGAN SUN
Evan R. Corsello
Frank J. Gaudio
BY PETER KATZ
“as well as the confidence shown by the tribe in building such a fantastic organization.” The casino will allow members of its Momentum loyalty program to participate in a “collect and win” promotion throughout the month of October, where cardholders can earn a swipe at the 25th anniversary kiosks for a chance to win “free slot play” prizes and up to $50,000 in
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