Mohegan ― Several hours after its parent company’s latest conference call with investors, Mohegan Sun on Thursday identified the new restaurant that will debut there in the spring.

The Shed, described as a “new concept” by renowned restaurateur John Tunney III, owner of Ballo, an Italian restaurant at Mohegan Sun, will open across from Frank Pepe’s Pizzeria Napoletana in space formerly occupied by four food-court outlets.

The new restaurant will be located adjacent to Ballo.

“We are very excited to welcome The Shed to our excellent lineup …,” Jeff Hamilton, Mohegan Sun’s president and general manager, said in a statement. “Our friends at Ballo Italian Restaurant are known for delivering fresh, authentic, Italian cuisine, plus amazing service and an incredible atmosphere, so we look forward to expanding on this partnership and experiencing their delicious take on American comfort food.”

Tunney has four iterations of The Shed on Long Island, N.Y., in Huntington, West Sayville, Plainview and Westbury.

“The Shed is a concept that has taken off like wildfire in New York, and we cannot wait to bring the experience to our friends in Connecticut,” he said.

The restaurant serves dishes such as macaroni and cheese, glazed salmon and chicken and waffles.

Overall revenues up

During Thursday’s quarterly conference call, Mohegan announced its net revenues for the quarter that ended Sept. 30 totaled $444.3 million, up 7.6% over the same period the previous year.

Revenues in the recent quarter ― the fourth quarter of Mohegan’s fiscal year ― pushed the company’s adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, to $399.9 million for fiscal 2023, the second-highest sum in its 27-year history.

The previous year’s adjusted EBITDA of $403.9 million is the company record.

EBITDA is considered a better indicator of a company’s overall performance than net income, or profit.

Ray Pineault, Mohegan’s president and chief executive officer, said the increase in revenues was largely due to the success of the company’s online gaming offerings in Connecticut and in Ontario, Canada, where it manages two casinos.

The digital gains were partially offset by Mohegans Sun’s lower-than-expected table-games winnings.

Mohegan Sun’s net revenues in the fourth quarter were $224.2 million, down 5.3% over the same quarter the previous year. Slot-machine “win,” the amount of wagers the casino keeps after paying out prizes, was off 3.7% while table-games “hold” was off by 24.6%

The casino’s nongaming revenue, primarily from food-and-beverage outlets and entertainment venues, increased year over year.

In Connecticut, Mohegan Digital’s online casino gaming win grew from $26.5 million in fiscal 2022 to $42.8 million in fiscal 2023, an increase of 65%, Mohegan reported. On its website and apps, Mohegan Sun is consistently reaching 10,000 active players a day.

Pineault called attention to Mohegan’s “soft” opening Nov. 30 of a portion of its Inspire integrated resort casino in Incheon, South Korea, which he said has already hosted two major events, including a nationally televised music awards show that attracted an arena crowd of more 12,000 people.

The resort’s foreigners-only casino is expected to open early next year.

b.hallenbeck@theday.com