Mohegan announces $5.2bn in economic activity over a one-year period
Oxford Economics’ report emphasized the financial benefits of the company for local communities.
Mohegan has reported a generation of $5.2bn in “economic activity” from its North American properties across a one-year period. The study, conducted by Oxford Economics, was the company’s ever ‘Economic Impact Report,’ and looked at Mohegan’s impact on employment, household income, direct visitor spending, as well as state and local tax support.
The analysis used a holistic approach to determine the company’s economic impact and examined all Mohegan properties in operation in 2019. Oxford Economics chose this year as it was the last pre-Covid-19 year and thus was deemed the most “representative.”
The Mohegan’s properties in North America are: Mohegan Sun in Connecticut; Mohegan Pennsylvania in Wilkes-Barre; ilani in Washington; Resorts Casino Hotel in New Jersey; and Niagara Casinos in Ontario.
The $5.2bn in economic activity encompassed: 35,000 jobs created, over $2.7bn generated in revenue onsite and off-property, $759.3 paid in state and local taxes and $639.2m paid in business purchases.
Mohegan President and CEO Ray Pineault commented: “We’re gratified that our continued success has a positive impact on local businesses and the surrounding communities.
“As we continue to expand into new locations, including Las Vegas and Korea, we look forward to continuing to contribute to the prosperity of the communities in which we live and serve.”
One of those communities is Wilkes-Barre, where Mohegan recently rebranded the Mohegan Sun Pocono to the more succinct Mohegan Pennsylvania.
Mohegan Pennsylvania President and General Manager, Tony Carlucci, commented: “Mohegan Pennsylvania was the first gaming destination that opened outside of Connecticut in 2006 and we take a great deal of pride in seeing so much growth and success since this early expansion.
“Our impact on job creation, state and local tax revenues, tourism, including off-property spending by consumers with local businesses illustrates how beneficial a major entertainment destination can be within a local economy.”
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