Mohegan breaks EBITDA record with with final covid restrictions removed –

US

Mohegan posted revenue of $417m (£341.2m/€40322) in its third quarter 2021-22 results.

Sales for the period ended June 30 increased by 27.1% compared to the same period last year.

During the quarter, Mohegan set a record quarterly adjusted earnings before interest, tax, depreciation and amortization (EBITDA), which reached $120 million. Mohegan CEO Raymond Pineault said this was because Q3 2022 was the first quarter that Covid-19 restrictions were lifted at his Niagara, Canada location since the pandemic began. said.

Read the full story at iGB North America.

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