The Mohegan Tribal Gaming Authority is the owner and operator of the Uncasville gaming and entertainment complex Mohegan Sun in Connecticut and the Mohegan Sun at Pocono Downs in Plains Township, Pennsylvania. Today the Authority announced record gaming revenues for the quarter ended 30 June 2007, a 15.9% rise to US$371.1 million from the same period in 2006. Distributions by the Authority to the Mohegan Tribe are anticipated to total approximately US$75 million for fiscal year 2007.

Slot machine revenue was up 17.8% and table games up 12.3%. There was also a 7.8% increase in non-gaming revenues. Net income of US$45.7 million was a 6.5% rise on the previous year. On 28 June groundbreaking occurred for the construction of the new Casino of the Wind at Mohegan Sun, which will include a Jimmy Buffet’s Margaritaville restaurant. Project Sunrise, the second phase of a gaming and entertainment facility at Mohegan Sun at Pocono Downs commenced construction on 4 May 2007 and is scheduled to open during the fourth quarter of 2008.

"The overall results for the Authority's third quarter were excellent,'' said Bruce S. Bozsum, Chairman of the Authority's Management Board. ``We are pleased to see the start of construction on our new Casino of the Wind and the progress on Sunrise Square at Mohegan Sun, as well as the groundbreaking for Project Sunrise at Pocono Downs."

In July 2007, the Authority agreed to terms with Capital Play, Inc., under which the Authority would develop and operate proposed VLT facilities at Belmont Park and Aqueduct racetracks in New York, subject to the satisfaction of customary conditions, the successful acceptance of Capital Play, Inc.'s bid for New York State's thoroughbred racing franchise and other necessary approvals referred to below. If awarded the New York franchise, Capital Play, Inc. and the Authority will operate the thoroughbred racing and VLTs at Belmont Park (if approved by new legislation) and Aqueduct racetracks, as well as thoroughbred racing at Saratoga Race Course.

The Tribe's gaming operation at Mohegan Sun is one of only two legally authorized gaming operations in New England offering traditional slot machines and table games. Mohegan Sun facilities include the Casino of the Earth, Casino of the Sky, The Shops at Mohegan Sun, 10,000-seat Mohegan Sun Arena, 350-seat Cabaret Theatre, 100,000 square feet of meeting and convention space and the approximately 1,200-room luxury Sky Tower. Through its subsidiary, Downs Racing LP, the Authority owns and operates Mohegan Sun at Pocono Downs in Pennsylvania with slot machines and harness racing, and several OTW facilities located elsewhere in Pennsylvania.

Mitchell Grossinger Etess, the Authority's President and CEO, said, "The performance of Mohegan Sun during the quarter was strong despite the addition of a significant amount of slot product to the Northeast marketplace. We anticipated some slot revenue loss in the near term as customers have additional gaming choices in the Northeast. Overall, the outstanding performance of Pocono Downs offset the impact of lower slot revenue at Mohegan Sun which further validates our diversification initiatives." (E-08.07.07)

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