Fallsview Casino Resort and Casino Niagara operator Mohegan says its omnichannel presence in Ontario offers it a competitive advantage in the crowded province after its PlayFallsview online product posted big increases in gaming activity and revenue last quarter.
Reporting its financial figures for the three months ended June 30, 2025, Mohegan reported that its digital operations in Ontario grew strongly year over year.
PlayFallsview’s wagering handle rose 86% from the same period last year, while gross gaming revenue climbed 79%. Deposits nearly doubled, up 91%, monthly active users (MAUs) rose 71% and average MAUs ticked up 5%.
Mohegan has operated PlayFallsview in Ontario’s regulated online gambling market since September 2022, offering both online casino games and online sports betting.
In its quarterly earnings deck, Mohegan said its “position as the only brick-and-mortar operator with a dedicated digital product creates a sustainable competitive advantage in the Ontario iGaming market.”
That framing isn’t entirely iron-clad, as Las Vegas giant Caesars Entertainment offers three online gambling platforms in Ontario as well as operating the Caesars Windsor casino. There’s also Ontario Lottery and Gaming (OLG), which contracts casino operations to companies like Mohegan and Caesars while running its PROLINE sportsbook and other online gaming. But, unlike Caesars Sportsbook & Casino, Caesars Palace Online Casino and Horseshoe Online Casino, PlayFallsview is specifically and purely tied to Mohegan’s Ontario casinos.
Mohegan Digital bucks general trend of declines
While Connecticut-based Mohegan’s latest quarterly results showed declines in land-based gaming and entertainment performance across all markets, its Digital branch bucked the trend by posting strong gains across the board.
Online gaming revenue was up 61.2% year-on-year to $67.5 million USD ($92.8 million CAD), with adjusted EBITDA and net income both increasing by around 48% to approximately $34 million USD ($4 million CAD).
CEO Ray Pineault said on the call that the digital business’ “strong and profitable growth” can be attributed to the increase in hybrid players and the way that Mohegan has strategically leveraged its omnichannel platform, he said.
“As we continue to execute on our strategy to be a premier omnichannel enterprise, digital continues to be an important driver of omnichannel expansion,” added Pineault.
In June, Mohegan completed a comprehensive refinancing of its capital structure that Pineault said further supports the company’s long-term growth and transformation of its digital business into a standalone operating company that will provide greater strategic flexibility. The CEO said Mohegan can now put its full focus on omnichannel delivery.
Niagara resorts seeing higher traffic
As for the land-based casinos that PlayFallsview is tied to, Chief Operating Officer Joe Hasson noted that at the company’s two Niagara, Ont. resorts, both gaming and non-gaming revenues were flat compared with the prior year.
However, he said that the two Niagara resorts experienced higher volumes in the current period.
Mohegan executives didn’t offer their thoughts on why that is, but those upticks in visitation to Canadian resorts have also been reported recently by the likes of VICI Properties and Century Casinos.
At the end of July, the CEOs of MGM Resorts International and Caesars Entertainment both referenced declining Canadian visitation as a factor in a more general trend of falling foot traffic. VICI owns four Century-operated casinos in Alberta, and its President and COO John Payne suggested that increased business at those venues could be due to the fact that “Canadians are staying at home and visiting the local assets there” rather than traveling to Vegas or elsewhere south of the border.
Century leaders were asked about that on their earnings call on Aug. 7 and Chairman and Co-CEO Erwin Haitzmann ventured that “it may well be that these people say, ‘well, we’d rather sit in the car and drive as opposed to flying to Vegas.”
