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Mohegan Tribal Gaming Authority

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

Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
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 ...

Calendar

11 Aug 22
12 Aug 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
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
Cash on hand (at last report) 537.56M 537.56M 537.56M 537.56M 537.56M 537.56M
Cash burn (monthly) 1.05M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.5M n/a n/a n/a n/a n/a
Cash remaining 536.06M n/a n/a n/a n/a n/a
Runway (months of cash) 512.6 n/a n/a n/a n/a n/a

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Financial report summary

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Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
  • For a discussion of our results of operations comparison for the fiscal years ended September 30, 2020 and 2019, refer to our Annual Report on Form 10-K for the fiscal year ended September 30, 2020, filed with the Securities and Exchange Commission on December 29, 2020.
  • In March 2020, the World Health Organization declared the outbreak of COVID-19 a global pandemic and the United States federal government declared it a national emergency. The spread of COVID-19 has affected most segments of the global economy, including our operations. In March 2020, we temporarily suspended operations at our North American owned, operated and managed properties to ensure the health and safety of our employees, guests and the surrounding communities in which we operate, consistent with directives from various government bodies. Following these closures, we reopened our properties as follows: (i) ilani Casino Resort in May 2020, (ii) Mohegan Sun in June 2020, (iii) Mohegan Sun Pocono in June 2020, (iv) Resorts Casino Hotel in July 2020 and (v) the MGE Niagara Resorts in July 2021. Mohegan Sun Pocono was again temporarily closed from December 12, 2020, through January 3, 2021, due to a resurgence of COVID-19 at that time. In addition, the initial opening of Mohegan Sun Las Vegas was delayed until March 2021.

Content analysis

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Removed: Eurodollar, represent
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