Online operations boost Mohegan’s Q1

Mohegan CEO Raymond Pineault has hailed the casino operator’s diversification strategy after online gaming and sports betting activities drove an overall increase in net revenues and earnings in the corporation’s fiscal first quarter.

In the three months through to the end of December 2022, net revenues increased year-on-year by 1.2% from $402.0m to $406.6m, leading to a 3.8% increase in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) from $97.4m to $101.1m.

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