We were established in July 1995 by the Mohegan Tribe, a federally-recognized Indian tribe with an approximately 595-acre reservation situated in southeastern Connecticut, adjacent to Uncasville, Connecticut. Under the Indian Gaming Regulatory Act of 1988 (“IGRA”), federally-recognized Indian tribes are permitted to conduct full-scale casino gaming operations on tribal lands, subject to, among other things, the negotiation of a compact with the affected state. The Mohegan Tribe and the State of Connecticut entered into such a compact, the Mohegan Compact, which was approved by the United States Secretary of the Interior. We were established as an instrumentality of the Mohegan Tribe, with the exclusive authority to conduct and regulate gaming activities for the Mohegan Tribe on tribal lands and the non-exclusive authority to conduct such activities elsewhere. We are governed and overseen by a nine-member Management Board, whose members also comprise the Mohegan Tribal Council, the governing body of the Mohegan Tribe. Any change in the composition of the Mohegan Tribal Council results in a corresponding change in our Management Board. We are primarily engaged in the ownership, operation and development of integrated entertainment facilities, both domestically and internationally including: (i) Mohegan Sun in Uncasville, Connecticut, (ii) Mohegan Sun Pocono in Plains Township, Pennsylvania, (iii) Niagara Fallsview Casino Resort, Casino Niagara and the future 5,000-seat Niagara Falls Entertainment Centre, all in Niagara Falls, Canada (the “MGE Niagara Resorts”), (iv) Resorts Casino Hotel in Atlantic City, New Jersey, (v) ilani Casino Resort in Clark County, Washington, (vi) Paragon Casino Resort in Marksville, Louisiana and (vii) Project Inspire, a first-of-its-kind, multi-billion dollar integrated resort and casino under construction at Incheon International Airport in South Korea.
Company profile
Website
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Backside, L.P. • Downs Racing, L.P. • Inspire Integrated Resort Co., Ltd. • MGE Niagara Entertainment Inc. • MGE Hellinikon B.V. • MGLA, LLC • MGNV, LLC • Mill Creek Land, L.P. • Mohegan Basketball Club, LLC • Mohegan Commercial-Ventures PA, LLC ...
Latest filings (excl ownership)
8-K
Mohegan Announces Change to Sec Filing Status
30 Jan 23
8-K
Entry into a Material Definitive Agreement
6 Jan 23
10-K
2022 FY
Annual report
20 Dec 22
8-K
Regulation FD Disclosure
20 Dec 22
8-K
Mohegan Announces Fourth Quarter Fiscal 2022 Operating Results
20 Dec 22
8-K
Other Events
19 Dec 22
8-K
Entry into a Material Definitive Agreement
9 Dec 22
8-K
Mohegan Announces Private Exchange and Consent to Covenant Amendments
30 Nov 22
8-K
Regulation FD Disclosure
30 Nov 22
8-K
Entry into a Material Definitive Agreement
3 Oct 22
Latest ownership filings
No filings
Financial summary
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Annual (USD) | Sep 22 | Sep 21 | Sep 20 | Sep 19 | |
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 520.51 mm | 520.51 mm | 520.51 mm | 520.51 mm | 520.51 mm | 520.51 mm |
Cash burn (monthly) | 5.68 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 107.09 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 413.42 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 72.8 | n/a | n/a | n/a | n/a | n/a |