Clean the pheasant and cut it into pieces. Season generously with salt and pepper.
In a large skillet, melt the butter over medium-high heat. Sear the pheasant on all sides until golden brown. Remove from the skillet and set aside.
Finely chop the onion, carrots, celery, garlic, and bacon. In the same skillet, sauté the vegetables and bacon until softened and fragrant.
Sprinkle the flour over the vegetables and stir to combine. Pour in the red wine and cook for a few minutes, allowing the alcohol to evaporate.
Add the chicken stock, thyme sprigs, and bay leaf. Return the pheasant to the skillet. Cover and simmer over low heat for 1.5-2 hours, or until the pheasant is tender.
During the last 20 minutes of cooking, add the sliced mushrooms and cook until softened.
Serve the pheasant casserole hot with fresh crusty bread or mashed potatoes.
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