Mohegan reports $498.9m first-quarter revenue and $85.9m net loss

The Mohegan Tribal Gaming Authority reported first-quarter net revenue of $498.9m, up $73.7m year on year, and a net loss of $85.9m. CFO Ari Glazer attributed the revenue increase to Mohegan Sun and growth at Mohegan Inspire and Mohegan Digital. Adjusted EBITDA reached $85.1m, an increase of $6m from the prior-year period, the company said.