Tuesday, April 27, 2010

Mohegan Gaming Authority To Release 2nd Quarter Earnings Report Later This Week

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The Mohegan Tribal Gaming Authority has scheduled a conference call with financial analysts this Thursday, April 29, at 11 a.m. to discuss its earnings for the quarter of January 1, 2010 through March 31, 2010.

It is expected that MTGA will release those numbers to the public the same day as the conference call.

For the period of January through March in the prior year, in 2009, MTGA reported $33 million in net income, or profit, which included a one-time gain of about $8 million on the extinguishment of some bonds. MTGA's profit figures do not include distributions that MTGA makes to the Tribal government except for reimburseable expenditures.