ORGANIZATION AND BASIS OF PRESENTATION (Tables)

6 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Disaggregation of Revenue

Revenue disaggregation by geographic location and revenue type was as follows (in thousands):

	For the Three Months Ended March 31, 2021
	Connecticut		Pennsylvania		Nevada		Canada
	(Mohegan Sun)		(Mohegan Sun Pocono)		(Mohegan Sun  Las Vegas) (1)		(MGE Niagara Resorts) (2)		Other
Gaming	$	145,965	$	49,019	$	1,515	$	12,685	$	—
Food and beverage	12,047		1,132		177		—		(13)
Hotel	16,088		1,093		—		—		(11)
Retail, entertainment and other	14,922		1,132		23		1,131		2,581
Management and development	—		—		—		—		18,594
Net revenues	$	189,022	$	52,376	$	1,715	$	13,816	$	21,151

________

(1)Mohegan Sun Las Vegas opened to the public on March 25, 2021.

(2)Gaming revenues represent revenues earned under the Casino Operating and Services Agreement.

	For the Three Months Ended March 31, 2020
	Connecticut		Pennsylvania		Nevada		Canada
	(Mohegan Sun)		(Mohegan Sun Pocono)		(Mohegan Sun Las Vegas) (1)		(MGE Niagara Resorts) (2)		Other
Gaming	$	124,721	$	45,409	$	—	$	45,864	$	—
Food and beverage	21,422		4,586		—		11,591		(42)
Hotel	15,875		1,484		—		2,756		—
Retail, entertainment and other	20,268		1,623		—		11,071		162
Management and development	—		—		—		—		8,454
Net revenues	$	182,286	$	53,102	$	—	$	71,282	$	8,574

________

(1)Mohegan Sun Las Vegas did not open to the public until March 25, 2021.

(2)Gaming revenues represent revenues earned under the Casino Operating and Services Agreement.

	For the Six Months Ended March 31, 2021
	Connecticut		Pennsylvania		Nevada		Canada
	(Mohegan Sun)		(Mohegan Sun Pocono)		(Mohegan Sun Las Vegas) (1)		(MGE Niagara Resorts) (2)		Other
Gaming	$	270,990	$	84,661	$	1,515	$	25,219	$	—
Food and beverage	22,252		1,973		177		—		(19)
Hotel	31,808		1,897		—		—		(11)
Retail, entertainment and other	29,863		1,930		23		1,594		2,817
Management and development	—		—		—		—		31,909
Net revenues	$	354,913	$	90,461	$	1,715	$	26,813	$	34,696

________

(1)Mohegan Sun Las Vegas opened to the public on March 25, 2021.

(2)Gaming revenues represent revenues earned under the Casino Operating and Services Agreement.

	For the Six Months Ended March 31, 2020
	Connecticut		Pennsylvania		Nevada		Canada
	(Mohegan Sun)		(Mohegan Sun Pocono)		(Mohegan Sun Las Vegas) (1)		(MGE Niagara Resorts) (2)		Other
Gaming	$	284,980	$	97,387	$	—	$	97,896	$	—
Food and beverage	49,955		10,668		—		27,544		(78)
Hotel	37,923		3,464		—		6,319		(2)
Retail, entertainment and other	52,763		3,537		—		24,497		308
Management and development	—		—		—		—		17,466
Net revenues	$	425,621	$	115,056	$	—	$	156,256	$	17,694

________

(1)Mohegan Sun Las Vegas did not open to the public until March 25, 2021.

(2)Gaming revenues represent revenues earned under the Casino Operating and Services Agreement.

Contract with Customer

The following table summarizes these liabilities (in thousands):

	March 31, 2021		September 30, 2020
Outstanding gaming chips and slot tickets liability	$	9,104	$	7,623
Loyalty points deferred revenue liability	37,333		35,368
Patron advances and other liability	19,556		17,340
Total	$	65,993	$	60,331

Estimated Fair Value of Financing Facilities and Notes

The estimated fair values of the Company's long-term debt were as follows (in thousands):

	March 31, 2021
	Carrying Value		Fair Value
New senior secured credit facility - revolving (1)	$	107,000	$	105,529
Line of credit (1)	16,015		15,795
2021 8% senior secured notes (1)	1,156,117		1,180,875
2016 7 7/8% senior unsecured notes (1)	492,691		520,000
MGE Niagara Resorts credit facility - revolving (1)	27,794		27,794
MGE Niagara Resorts credit facility - term loan (1)	71,618		71,618
MGE Niagara Resorts convertible debenture (2)	31,764		31,764
Mohegan Expo credit facility (3)	26,725		27,159
Guaranteed credit facility (3)	28,369		29,094
Redemption note payable (3)	61,330		61,330
Other (3)	3,661		3,661
Long-term debt	$	2,023,084	$	2,074,619

________

(1)Estimated fair values were based on Level 2 inputs (quoted market prices or prices of similar instruments) as of March 31, 2021.

(2)Estimated fair value was based on Level 3 inputs (changes in market conditions) from date of issuance (June 11, 2019) to March 31, 2021.

(3)Estimated fair values were based on Level 3 inputs (present value of future payments discounted to carrying value) as of March 31, 2021.