Search Result for 'mohegan'

US tribal gaming operator Mohegan insists its Korean integrated resort, Mohegan INSPIRE, has sufficient cash and liquidity to continue operating despite revealing that lenders have knocked back multiple proposals to amend financial covenants. The update was provided by Mohegan executives ...

US tribal casino operator Mohegan Gaming says it may need to seek additional liquidity after confirming an event of default under the terms of a US$275 million “Korea Term Loan” for its US$1.6 billion Korean integrated resort, Mohegan INSPIRE. The ...

Korea’s Mohegan INSPIRE generated net revenues of US$62.2 million in the three months to 30 September 2024, slightly higher than the US$60.1 million reported in the June quarter as the property continues its slow but steady ramp. Adjusted EBITDA loss ...

Mohegan’s Korean integrated resort INSPIRE will likely take “a few more quarters” to achieve positive EBITDA, but sufficient liquidity means the Mohegan group will not need to provide any further financial support, according to CBRE Credit Research. In a note ...

US-based tribal casino operator Mohegan has outlined the continued ramp of its Korean integrated resort, Mohegan INSPIRE, which saw casino visitation move above 30,000 for the first time in August with hotel occupancy of almost 90%. The update formed part ...