Mohegan Tribal Gaming Authority Announces New $1.0 Billion Amended and Restated Credit Facility

The Mohegan Tribal Gaming Authority, or MTGA or the Authority, the operator of a gaming and entertainment complex located near Uncasville, Connecticut, known as Mohegan Sun, and a gaming and entertainment facility offering slot machines and harness racing in Plains Township, Pennsylvania, known as Mohegan Sun at Pocono Downs, or Pocono Downs, announced today that it has entered into a Second Amended and Restated Loan Agreement for up to $1.0 billion from a syndicate of 23 institutions and commercial banks, with Bank of America, N.A. serving as Administrative Agent. The total commitment on the new facility may be increased to $1.25 billion at the request of the Authority. The five-year senior secured revolving credit facility replaces the Authority’s existing $450.0 million credit facility established in 2003, and includes a $300.0 million term loan conversion provision. The facility will be used to refinance the Authority’s existing credit facility and for working capital and other business purposes, including the financing of the Project Horizon expansion at Mohegan Sun and the Phase II expansion at Mohegan Sun at Pocono Downs in Wilkes-Barre, Pennsylvania.

Banc of America Securities LLC, RBS Securities Corporation and Calyon New York Branch served as Joint Lead Arrangers and Joint Book Managers on the transaction, with Bank of America, N.A. serving as Administrative Agent, Citizens Bank of Connecticut and Calyon New York Branch serving as Co-Syndication Agents and Citicorp North America, Inc. and Wells Fargo Bank, N.A. serving as Co-Documentation Agents. The following banks were also participants in the transaction: Bank of Scotland, New York Branch; Commerzbank AG, New York and Grand Cayman Branches; CIT Lending Services Corporation; Key Bank N.A.; HSH Nordbank AG, New York Branch; The Bank of Nova Scotia; Sumitomo Mitsui Banking Corporation; Goldman Sachs Credit Partners L.P.; The Governor and Company of the Bank of Ireland; Comerica Bank; Deutsche Bank Trust Company Americas; TD Banknorth, N.A.; Allied Irish Banks PLC; National City Bank; People’s Bank; Sovereign Bank; Bank Hapoalim and Native American Bank, N.A.

“We were extremely pleased with the strong commitments made by our existing bank group and for the commitments made by the other institutions that chose to participate in the syndication,” said Leo M. Chupaska, Chief Financial Officer of MTGA. “We now have the necessary financing in place to complete Project Horizon and our Phase II plans at Mohegan Sun at Pocono Downs.”

About the Authority
The Authority is an instrumentality of the Mohegan Tribe of Indians of Connecticut, a federally recognized Indian tribe with an approximately 507-acre reservation situated in southeastern Connecticut, adjacent to Uncasville, Connecticut. The Authority has been granted the exclusive power to conduct and regulate gaming activities on the existing reservation of the Tribe, including the operation of Mohegan Sun, a gaming and entertainment complex that is situated on a 240-acre site on the Tribe’s reservation and, through its subsidiary, Downs Racing, LP, owns and operates Mohegan Sun at Pocono Downs, also a gaming and entertainment facility offering slot machines and harness racing in Plains Township, Pennsylvania and five OTW facilities located elsewhere in Pennsylvania. The Tribe’s gaming operation at Mohegan Sun is one of only two legally authorized gaming operations in New England offering traditional slot machines and table games. Mohegan Sun currently operates in an approximately 3.0 million square foot facility, which includes the Casino of the Earth, Casino of the Sky, the Shops at Mohegan Sun, a 10,000-seat Arena, a 350-seat Cabaret, meeting and convention space and the approximately 1,200-room luxury Sky hotel. More information about the Authority and its properties can be obtained by visiting

Special Note Regarding Forward-Looking Statements
Some information included in this press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include information relating to business development activities, as well as capital spending, financing sources and the effects of regulation (including gaming and tax regulation) and increased competition. These statements can sometimes be identified by the use of forward-looking words such as “may,” “will,” “anticipate,” “estimate,” “expect,” or “intend” and similar expressions. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of the Authority. These risks and uncertainties include, but are not limited to, those relating to increased competition (including the legalization or expansion of gaming in New England, New York, New Jersey and Pennsylvania), the financial performance of Mohegan Sun, Pocono Downs and the OTW facilities, dependence on existing management, potential adverse changes in local, regional, national or global economic climates, the Authority’s leverage and ability to meet its debt service obligations, changes in federal or state tax laws or the administration of such laws, changes in gaming laws or regulations (including the limitation, denial or suspension of licenses required under gaming laws and regulations), and the continued availability of financing. Additional information concerning potential factors that could affect the Authority’s financial results is included in its Annual Report on Form 10-K for the fiscal year ended September 30, 2006, as well as its other reports and filings with the SEC. The forward-looking statements included in this press release are made only as of the date of this release. The Authority does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Authority cannot assure you that projected results or events will be achieved or will occur.

Press Release Mohegan Tribal Gaming Authority Uncasville, Connecticut March 12, 2007

Mitchell Grossinger Etess
Chief Executive Officer
Mohegan Tribal Gaming Authority
(860) 862-8000

Leo M. Chupaska
Chief Financial Officer
Mohegan Tribal Gaming Authority
(860) 862-8000