Adjusted EBITDA for the period was $86.7 million, a 7% increase over the prior-year period. The operating income increased by 28% to $57.5 million.

MGE stated that year-over-year increases in net revenue and adjusted EBITDA were due to strong performance at the group's owned properties, as well as the addition of Mohegan Sun Las Vegas and MGE Digital, when compared to the prior-year period, when volumes were negatively impacted by various Covid-related restrictions.

The closure of MGE Niagara Resorts for the whole period, the closure of Mohegan Sun Pocono for three days, self-imposed capacity constraints at Mohegan Sun, and state-mandated health measures at the majority of the group's other locations were among the restrictions.

"Our consolidated adjusted EBITDA of $86.7m reflects our strong performance and ongoing focus on profitability," MGE CEO Raymond Pineault stated.

"Although visitation was somewhat impacted by the Omicron variant and poor weekend weather at our Northeast properties early in the quarter, the consolidated adjusted EBITDA margin of 24.2% was 234 basis points higher than the pre-Covid comparable fiscal 2019 quarter."

Mohegan Sun recorded revenue of $215.4 million for the quarter, including Mohegan Sun Pocono sales of $62.1 million. MGE Niagara Resorts reported $52.2 million in sales, with $15.6 million in Management, Development, and Other revenue. Other revenue totaled $13.2 million.

"These results demonstrate MGE's ability to adapt to the ongoing Covid-19 pandemic, and reflect the current stabilising operating environment," said MGE CFO Carol Anderson. 

"We have reintroduced some lower margin non-gaming amenities since the prior-year period, and last year also included temporary reductions in labour, marketing and entertainment expenses as well as deferred operating expenses that were necessary to operate within the early phases of the Covid-impacted environment."