BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Sep. 30, 2020

Estimated useful lives by asset categories are as follows:


Buildings and land improvements			40 years
Furniture and equipment			3 - 7 years

Revenue disaggregation by geographic location and revenue type for the fiscal years ended September 30, 2020 and 2019 was as follows (in thousands):


	For the Fiscal Year Ended September 30, 2020
	Connecticut		Pennsylvania		Canada
	(Mohegan Sun)		(Mohegan Sun Pocono)		(MGE Niagara Resorts) (1)		Other
Gaming	$	518,599	$	159,661	$	121,387	$	—
Food and beverage	64,012		12,208		27,544		(86)
Hotel	58,219		4,578		6,319		(3)
Retail, entertainment and other	74,844		4,713		24,775		830
Management and development	—		—		—		37,189
Net revenues	$	715,674	$	181,160	$	180,025	$	37,930

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(1)Gaming revenues represent revenues earned under the COSA.


	For the Fiscal Year Ended September 30, 2019
	Connecticut		Pennsylvania		Canada
	(Mohegan Sun)		(Mohegan Sun Pocono)		(MGE Niagara Resorts) (1)		Other
Gaming	$	654,273	$	211,800	$	70,339	$	—
Food and beverage	114,446		22,981		20,319		(202)
Hotel	84,543		8,246		4,451		(5)
Retail, entertainment and other	138,781		8,027		17,416		1,206
Management and development	—		—		—		32,429
Net revenues	$	992,043	$	251,054	$	112,525	$	33,428

_________

(1)Gaming revenues represent revenues earned under the COSA.

The following table summarizes these liabilities (in thousands):


	September 30, 2020		September 30, 2019
Outstanding gaming chips and slot tickets liability	$	7,623	$	7,968
Loyalty points deferred revenue liability	35,368		40,968
Patron advances and other liability	17,340		22,312
Total	$	60,331	$	71,248

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


	September 30, 2020
	Carrying Value		Fair Value
Senior secured credit facility - revolving (1)	$	197,000	$	178,531
Senior secured credit facility - term loan A (1)	227,710		213,356
Senior secured credit facility - term loan B (1)	792,829		723,121
2016 7 7/8% senior unsecured notes (1)	491,821		468,125
MGE Niagara Resorts credit facility - revolving (1)	26,187		26,187
MGE Niagara Resorts credit facility - term loan (1)	69,297		70,144
MGE Niagara Resorts convertible debenture (2)	29,928		29,928
Mohegan Expo credit facility (3)	27,750		28,408
Guaranteed credit facility (3)	29,529		30,406
Mohegan Tribe subordinated loan (3)	5,000		5,000
Redemption note payable (3)	69,099		69,099
Other (3)	3,860		3,860
Long-term debt	$	1,970,010	$	1,846,165

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(1)Estimated fair values were based on Level 2 inputs (quoted market prices or prices of similar instruments) as of September 30, 2020.

(2)Estimated fair value was based on Level 3 inputs (changes in market conditions) from date of issuance (June 11, 2019) to September 30, 2020.

(3)Estimated fair values were based on Level 3 inputs (present value of future payments discounted to carrying value) as of September 30, 2020.