Mohegan Tribal Gaming Authority Dashboard

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

www.mohegangaming.com

Location

Connecticut

Fiscal year end

Sep 30

Industry (SIC)

Hotels & Motels

Caesars Entertainment • Hilton Worldwide • Las Vegas Sands • MGM Resorts International • Park Hotels & Resorts • Travel+Leisure • Marriott International • Hyatt Hotels • Wynn Resorts • Boyd Gaming ...

SEC CIK

0001005276

Corporate docs

Articles of Incorporation & Bylaws

Financial summary

Financial statements Chart financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 20	Sep 19	Sep 18	Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	168.17M	168.17M	168.17M	168.17M	168.17M	168.17M
Cash burn (monthly)	(positive/no burn)	9.48M	10.11M	14.33M	7.8M	(positive/no burn)
Cash used (since last report)	n/a	32.63M	34.81M	49.35M	26.86M	n/a
Cash remaining	n/a	135.53M	133.36M	118.82M	141.31M	n/a
Runway (months of cash)	n/a	14.3	13.2	8.3	18.1	n/a

Beta Read what these cash burn values mean

Financial report summary

Management Discussion

•higher interest expense.
Net revenues declined by $77.4 million, or 31.8%, to $165.9 million for the three months ended December 31, 2020 compared to $243.3 million in the same period in the prior year. The decline in net revenues was principally due to overall capacity restrictions at Mohegan Sun driven by COVID-19.
Operating costs and expenses decreased by $59.7 million, or 30.1%, to $138.6 million for the three months ended December 31, 2020 compared to $198.3 million in the same period in the prior year. This reduction primarily reflected lower

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. senior Avg

New words: add, added, affiliate, anniversary, autoborrow, Backside, Basketball, breach, Club, constituting, Conversion, convertible, create, Creek, customary, diluted, doubt, equity, exceed, fully, Golf, Greece, guaranteed, guarantor, highest, incurrence, indenture, intent, intercreditor, ix, jointly, Las, lender, Liberty, Main, merge, Mill, MSPLF, Nevada, Northeast, November, PA, pari, party, passu, payable, premium, prepay, prepaying, prime, priority, private, Racing, redeem, redeemed, refinance, refinancing, removed, removing, repaid, sell, settlement, Springing, Street, Subtopic, suspended, System, transaction, unconditionally, undrawn, unpaid, viii, Virgin

Removed: acquire, acquired, acquisition, adjusted, advanced, approach, assumed, calculate, calendar, capitalized, clarify, classification, Codification, collateralized, commenced, commencement, committed, comparative, competitive, conform, consideration, construct, COSA, Cowlitz, decrease, deemed, derecognition, derecognized, determined, develop, developed, direct, dollar, effect, eliminated, excluded, exercise, expired, extend, facilitate, fairly, forma, formed, garage, goodwill, group, growth, IBR, inception, incremental, indirect, investment, investor, leasing, license, lot, MGA, modification, modified, Notwithstanding, obtain, office, OLG, operational, operator, option, owner, package, parking, perform, policy, practical, pro, prospectively, reclassification, recognize, represented, resulted, retained, retrospective, review, selected, selection, Targeted, terminate, transition, treasury

From filing 10-Q 2021 Q1