United States-based Mohegan Tribal Gaming Authority, which controls casino operator Mohegan Gaming and Entertainment, is likely to be able to reduce its ratio of debt-to-earnings before interest, taxation, depreciation and amortisation (EBITDA) by the end of fiscal-year 2021, says Moody’s Investors Service Inc. But the institution added that the parent would in likelihood still have a level of leverage that leaves it with “a high degree of financial risk”. Mohegan Gaming is the promoter of an under-development casino resort called Inspire Entertainment Resort, in South Korea. Moody’s added: “This risk is compounded by our expectation that there will be continued ongoing operational challenges and earnings and cash flow pressure from efforts to contain the coronavirus, and that there will be a slow recovery to pre-coronavirus volume.”