Mohegan's Q2 Revenue Hits US$418.8M, Driven by Digital and Mohegan Sun Growth
- Gambling IQ
- May 15
- 2 min read
Mohegan has reported second quarter net revenues of $418.8 million, driven by continued growth in its digital division and a strong performance from its flagship Mohegan Sun resort.
Mohegan Digital delivered a standout performance, recording a 45.9% year-on-year revenue increase to $56.6 million, while Adjusted EBITDA rose 32.7% to $26.9 million. Growth was fuelled by strong contributions across Connecticut, Pennsylvania, and Canada, highlighting the success of the brand’s strategic push in regulated online gaming.
Mohegan Sun also reported a 4.1% year-on-year increase in net revenues, reflecting consistent consumer demand and strong operational execution. However, overall company Adjusted EBITDA declined by 22.4% to $83.7 million, largely due to one-time costs and unfavourable foreign exchange movements.
Mohegan’s domestic resorts brought in $298.0 million in revenue—marginally down on the previous year by $2.4 million. Gaming revenue slipped by 5.0%, though non-gaming revenue rose by 8.9%, signalling a shift towards broader entertainment offerings beyond casino floor.

Chief Executive Officer Raymond Pineault hailed the quarter as a major milestone in Mohegan’s evolution
International operations generated $67.1 million in revenue, down by $5.1 million. The decline was attributed to currency fluctuations and regulatory fee changes, but the company remains confident in the long-term outlook for its overseas investments.
Chief Executive Officer Raymond Pineault hailed the quarter as a major milestone in Mohegan’s evolution. He pointed to the completion of a wide-ranging refinancing initiative as “one of the most significant capital restructuring efforts in our history.” As part of the plan, Mohegan Digital has now been reorganised as a commercial entity—positioning it for increased autonomy and long-term growth.
By the end of March 2025, Mohegan had $128.4 million in cash and cash equivalents, with access to an additional $194.7 million through its senior secured credit facility. With a renewed capital structure, expanding digital operations, and a strong brand foundation in both land-based and online channels, Mohegan appears well-positioned to navigate the remainder of the year with confidence.