Mohegan Update Regarding the WNBA’s Connecticut Sun

UNCASVILLE, CT (March 30, 2026) - Mohegan Tribal Gaming Authority ("Mohegan") has reached an agreement with the Tilman J. Fertitta family who will purchase the Connecticut Sun franchise, pending WNBA approval. This follows Mohegan's diligent and thorough process of evaluating strategic opportunities for the team.

More than two decades ago, the Mohegan Tribe became the first independent owner in the WNBA - a reflection of Mohegan's forward-looking vision to bring a professional women's basketball team to our reservation.

"Mohegan owes an enormous amount of gratitude first and foremost to our extraordinary fans cheering on the team for 23 incredible seasons. This team - and what the talented women who have worn this uniform over the years have meant to Mohegan Sun, our region and the impact they've made both on and off the court, has been nothing short of remarkable. That includes the dedication of our front office and the invaluable collaboration and support we've received from the State of Connecticut, as well as from businesses and other community partners across the region and beyond." -Joe Soper, Corresponding Secretary for the Mohegan Tribal Council

"The Connecticut Sun organization understands how emotional this moment is for our fans and community. You have made a home for this franchise for generations, and we are grateful for the passion and support that made us a cornerstone team in the WNBA. While the league continues to grow and evolve, our commitment is to honor this legacy-and finishing this final season together with pride." - Jen Rizzotti, Connecticut Sun President

For the 2026 WNBA season, Mohegan Sun Arena remains home for the Connecticut Sun. In 2027, the team will then officially begin its first season in Houston. The Sun will also bring WNBA action to Hartford, CT this season, playing two regular season games at PeoplesBank Arena. A game in Boston at TD Garden is also planned for Tuesday, August 18th tipping off at 7:00pm ET.

This is a moment of transition, reflection and anticipation of future gains for the team. The Connecticut Sun contributed in so many ways to the growth of the WNBA and women's basketball, and that impact and legacy are permanent. This move is about powering a next chapter of growth for the WNBA.

Transaction Details

Mohegan will be entitled to receive aggregate proceeds of $300 million in the transaction, with $150 million to be received upon transaction close, and the remaining proceeds to be delivered to Mohegan on or before December 31, 2026. Closing of the transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory and league approvals.

"The monetization of the Connecticut Sun enables Mohegan to make a step-function improvement of our capital structure. These proceeds will fortify our balance sheet, allowing for both debt repayment and tactical investment in our premier assets. With the improvements in free cash flow that will result from this transaction, Mohegan will accelerate its pace of deleveraging and is well positioned to prudently grow the company for years to come." - Ari Glazer, Chief Financial Officer, Mohegan

ABOUT MOHEGAN

Mohegan is the owner, developer, and manager of premier entertainment resorts in the United States and Canada. Mohegan's U.S. operations include resorts in Connecticut and Pennsylvania, and Canadian operations are based in Niagara Falls, Ontario. The brand's iGaming division, Mohegan Digital, provides cutting-edge online gaming solutions to Mohegan's loyal fan base and meets the digital needs of North American customers. Mohegan is owner and operator of Connecticut Sun, a professional basketball team in the WNBA. For more information on Mohegan and its properties, please visit mohegangaming.com.