Industry
May 12, 2022
MGE’s Q2 FY22 Confirmed Stabilizing Operating Environment
Master developer and operator of premier integrated entertainment resorts Mohegan Gaming & Entertainment (MGE) released its operating results for the second quarter of the fiscal year 2022. Impressive Quarterly Results For the three months ended March 31, 2022, MGE registered net revenues of $358.5 million to post an increase of 28.67% as compared to the […]
Business
April 11, 2022
Nelson Parker Named Senior Vice President, Strategic Development at MGE
On Thursday, April 7, Mohegan Gaming & Entertainment (MGE), a leading entertainment and gaming brand, announced that Nelson Parker, a US casino industry veteran, was appointed SVP of Strategic Development at the company. Parker, who is well-seasoned in leading complex multi-party transactions and hotel and casino development projects, will seek, find, evaluate, and implement growth […]
Casino
November 29, 2021
MGE’s IR in South Korea Secured Phase 1 Development Funds
Mohegan Gaming & Entertainment (MGE), the business arm of Connecticut’s Mohegan Tribe, announced today its multi-billion integrated resort (IR) project in South Korea successfully raised its phase 1 funding. Phase 1 Funds Secured The $1.55 billion to be used in phase 1 of the INSPIRE Entertainment Resort on Yeongjong Island in Incheon, South Korea will […]
Business
August 10, 2021
MGE: Revenues Below Pre-Pandemic Levels, EBITDA Posted Growth
Master developer and operator of integrated casino resorts Mohegan Gaming & Entertainment (MGE) released today its second-quarter earnings report, posting net revenues of $328.3 million for the three months ended June 30, 2021. Revenues Declined Compared to Pre-Pandemic Levels Q2 2021 consolidated revenues posted 206.1% on the $107.2 million Q2 2020 reading, but when measured […]
Business
March 19, 2021
Mario Kontomerkos to Step Down as MGE CEO, Interim Exec to Step In
Mario Kontomerkos will resign as CEO of Mohegan Gaming & Entertainment on March 31. In the meantime, Ray Pineault will be inaugurated as interim chief executive. Kontomerkos Resigns, Pineault Is Temporary CEO Mario Kontomerkos will formally step down as chief executive from Mohegan Gaming & Entertainment (MGE) on March 31. He will be temporarily replaced by current COO Ray Pineault, who […]