UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form
CURRENT REPORT
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| Item 8.01 | Other Events. |
In October 2020, a consortium among two wholly owned unrestricted subsidiaries of the Mohegan Tribal Gaming Authority d/b/a Mohegan Gaming & Entertainment (the “Company”) and GEK Terna Holding Real Estate Construction S.A. (“GEK Terna”) of Greece was selected by the Hellenic Gaming Commission (the “Commission”) as the provisional contractor to develop an integrated resort and casino near Athens, Greece (the “Athens Project”). Subsequently, the Company conducted a comprehensive review of its operations and future commitments against the new backdrop created by the COVID-19 global pandemic and concluded that it would not continue to pursue the concession rights for the Athens Project. Accordingly, on September 17, 2021, the Company, through its unrestricted subsidiaries, transferred all of its equity ownership in the Athens Project to GEK Terna, previously the minority investor in the project. The Company and GEK Terna coordinated the equity transfer with the requisite government officials in Greece, including approval by the Commission on October 22, 2021. The final transfer of the consortium’s reliance on the Company’s technical and professional capacity and experience in the development and operation of integrated resort casinos remains pending, along with other administrative procedures for final governmental and regulatory review.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: October 27, 2021 | MOHEGAN TRIBAL GAMING AUTHORITY D/B/A MOHEGAN GAMING & ENTERTAINMENT | |||||
| By: | /s/ Ralph James Gessner Jr. | |||||
| Name: | Ralph James Gessner Jr. | |||||
| Title: | Chairman, Management Board | |||||