Exhibit 99.1
MOHEGAN TRIBAL GAMING AUTHORITY
COMMENCES 6 3/8% SENIOR SUBORDINATED NOTES EXCHANGE OFFER
UNCASVILLE, CONNECTICUT, October 13, 2003 – The Mohegan Tribal Gaming Authority (the “Authority”) announced today that it has commenced an offer to exchange its 6 3/8% Senior Subordinated Notes due 2009, which were sold in July 2003 pursuant to Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), for an equal amount of newly issued 6 3/8% Senior Subordinated Notes due 2009. The new notes have substantially identical terms as the original notes, except that the new notes have been registered under the Securities Act and will be freely tradable.
The Authority will accept for exchange any and all of the original notes validly tendered and not withdrawn prior to 5:00 p.m. New York City time on November 10, 2003 (the “Expiration Date”), unless extended. Tenders of the original notes may be withdrawn at any time prior to 5:00 p.m. New York City time on the Expiration Date.
The terms of the exchange offer and other information relating to the Authority are set forth in the prospectus dated October 9, 2003. Copies of the prospectus and the related letter of transmittal may be obtained from U.S. Bank National Association, which is serving as the exchange agent in connection with this exchange offer. U.S. Bank’s address, telephone number and facsimile number are as follows:
U.S. Bank National Association
Corporate Trust Services
60 Livingston Avenue
St. Paul, Minnesota 55107-2292 Telephone: (800) 934-6802
Facsimile: (651) 495-8158
This press release shall not constitute an offer to exchange nor a solicitation of an offer to exchange the original notes. The exchange offer is made only by the prospectus dated October 9, 2003.
The Authority is an instrumentality of the Tribe, a federally recognized Indian tribe with an approximately 405-acre reservation situated in southeastern Connecticut, adjacent to Uncasville, Connecticut. The Authority has been granted the exclusive power to conduct and regulate gaming activities on the existing reservation of the Tribe, including the operation of Mohegan Sun, a gaming and entertainment complex that is situated on a 240-acre site on the Tribe’s reservation. The Tribe’s gaming operation is one of only two legally authorized gaming operations in New England offering traditional slot machines and table games. Mohegan Sun currently operates in an approximately 3.0 million square foot facility, which includes the Casino of the Earth, Casino of the Sky, the Shops at Mohegan Sun, a 10,000-seat Arena, a 300-seat Cabaret, meeting and convention space and an approximately 1,200-room luxury hotel. More information about Mohegan Sun and the Authority can be obtained by visitingwww.mohegansun.com.
Some information included in this press release may contain forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements can sometimes be identified by our use of forward-looking words such as “may,” “will,” “anticipate,” “estimate,” “except,” or “intend” and similar expressions. Such forward-looking information may involve important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the Authority. Information concerning potential factors that could affect the Authority’s financial results are included in the Authority’s Annual Report on Form 10-K for the fiscal year ended September 30, 2002, as amended on Form 10-K/A, as well as the Authority’s other reports and filings with the SEC. Any forward-looking statements included in this press release are made only as of the date of this release. The Authority does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Authority cannot assure you that projected results or events will be achieved.
