Mohegan announces financial data from the third quarter of fiscal year 2025
In the third quarter of 2025, Mohegan, a leading name in the gaming, entertainment, and hospitality industry, experienced a slight decrease in revenue from their domestic casino resorts. However, this downturn was offset by a significant growth in their digital business, according to reports [1].
The expansion and success of Mohegan's digital operations, which likely include iGaming and online betting platforms, added enough revenue and margin to compensate for the soft earnings from their physical resorts [1]. This strategic shift towards online gaming and digital channels is consistent with wider industry trends, aiming to capture the growing online gambling market [1].
Mohegan's partnership with digital ad and identity firms like LiveRamp also reflects their investments in digital infrastructure and marketing innovations, further enhancing the growth potential of their digital gaming platforms [2].
Meanwhile, Mohegan Sun, the premium gaming, entertainment, and hospitality venue in Connecticut, introduced four new culinary concepts in June, adding to the digital revenue generated from their Connecticut operations [3].
Despite the increased digital revenue, Ari Glazer, Mohegan's Chief Financial Officer, reported a decline in net revenues and Adjusted EBITDA compared to the prior-year period [4]. However, after normalizing the prior year period for certain adjustments, Adjusted EBITDA would have increased, according to Glazer [4].
The completion of the refinancing strategy provides greater strategic flexibility for Mohegan's Digital business, supporting its long-term growth opportunities [5]. This strategic move, emphasized by Mohegan's CEO, Raymond Pineault, positions the company well to continue growing [6].
In a statement, Pineault highlighted the success of the company's comprehensive refinancing strategy, which is expected to strengthen Mohegan's position in the industry and increase value for all stakeholders after addressing their capital structure [6].
In conclusion, while Mohegan experienced a slight decrease in domestic resort revenue in Q3 2025, their digital business growth provided enough additional revenue and margin to offset that decline, supporting an overall positive financial outcome for the quarter [1][2]. This strategic focus on digital growth and refinancing is expected to position Mohegan well for continued success in the future.
References: 1. Mohegan Sun Press Release 2. Mohegan's Partnership with LiveRamp 3. Mohegan Sun Introduces New Culinary Concepts 4. Mohegan's Q3 2025 Financial Results 5. Mohegan's Refinancing Strategy 6. Mohegan's CEO Statement on Refinancing
In response to the downturn in revenue from their physical casino resorts, Mohegan has shown strategic foresight by investing in digital platforms, aiming to capitalize on the growing online gambling market [1]. This move, paired with their partnership with digital ad and identity firms like LiveRamp, supports the growth potential of their digital gaming business within the finance and investing sector of the industry [2].
