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Monarch Casino - MCRI STOCK NEWS

Welcome to our dedicated page for Monarch Casino news (Ticker: MCRI), a resource for investors and traders seeking the latest updates and insights on Monarch Casino stock.

Monarch Casino & Resort Inc. (symbol: MCRI) is a prominent player in the gaming and hospitality industry in the United States. Through its subsidiaries, the company owns and operates two major properties: the Atlantis Casino Resort Spa in Reno, Nevada, and the Monarch Casino Black Hawk in Black Hawk, Colorado.

The Atlantis Casino Resort Spa in Reno features approximately 61,000 square feet of casino space, 818 guest rooms, 8 food outlets, 2 gourmet coffee and pastry bars, 1 snack bar, and a 30,000 square-foot health spa and salon with an enclosed pool. Additionally, it houses 2 retail outlets that offer clothing and gift shop merchandise, an 8,000 square-foot family entertainment center, and 52,000 square feet of banquet, convention, and meeting room space. The casino boasts around 1,450 slot and video poker machines, 37 table games including blackjack, craps, and roulette, a race and sports book, a 24-hour live keno lounge, and a poker room.

The Monarch Casino Black Hawk is another cornerstone of the company’s operations, providing the latest in gaming, dining, and hospitality amenities. Monarch Casino & Resort Inc. generates most of its revenue from its casinos, followed by food & beverage, and hotel operations.

Recent achievements include the declaration of cash dividends payable quarterly in 2023 and 2024. The company continues to navigate ongoing litigation with its Monarch Black Hawk general contractor, PCL Construction Services, Inc., which has impacted net income and diluted EPS.

Monarch Casino & Resort Inc. remains committed to enhancing its gaming and hospitality offerings, ensuring a premium experience for its guests. The company’s robust facilities, combined with its strategic focus on customer satisfaction, make it a notable entity in the hospitality sector.

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Monarch Casino & Resort (Nasdaq: MCRI) has been recognized as one of America's most successful small companies by Forbes, ranking 79th on the 2025 list. This marks the third recognition in four years for Monarch, which operates Atlantis Casino Resort Spa in Reno, Nevada and Monarch Casino Resort Spa in Black Hawk, Colorado.

The company demonstrated strong performance with a 52-week return of 34% and revenue of $516 million as of November 8, 2024. Forbes evaluated 914 companies with market values between $300 million and $2 billion, selecting the top 100 based on earnings growth, sales growth, return on equity, and total stock return over both the latest 12 months and five-year periods.

Notably, Monarch is the only northern Nevada company to make this prestigious list. CEO John Farahi attributed the success to team dedication, innovation, and consistent property reinvestment strategy.

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Atlantis Casino Resort Spa in Reno has achieved notable recognition with two Forbes Four-Star Awards for its Atlantis Steakhouse and Spa Atlantis. The property stands as the only establishment in Reno acknowledged by Forbes Travel Guide, the leading authority on hospitality excellence.

Spa Atlantis, a 30,000-square-foot facility, has maintained its Four-Star status for 10 consecutive years, joining an elite group of only 224 spas worldwide with this distinction. The Atlantis Steakhouse, receiving the award for the second time, is northern Nevada's sole Forbes Four-Star restaurant, among just 131 worldwide.

The steakhouse features premium cuts from Allen Brothers of Chicago and Japanese Wagyu from Kumamoto, supported by a wine selection that has earned the Wine Spectator Award of Excellence for 24 straight years. Additionally, both the Atlantis Hotel and Bistro Napa have maintained Forbes Recommended ratings for 10 consecutive years, demonstrating consistent excellence in service and facilities.

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Monarch Casino & Resort (MCRI) reported record financial results for Q4 2024, with net revenue increasing 4.9% to $134.5 million and net income rising 40.1% to $25.5 million compared to Q4 2023. The company's adjusted EBITDA grew 9.9% to $47.3 million, achieving a record fourth quarter EBITDA margin of 35.1%.

Casino and hotel revenues increased by 6.0% and 8.3% respectively, while food and beverage revenue slightly decreased by 0.7%. The company maintains a strong financial position with $58.8 million in cash and no borrowings against its credit facility. Monarch Black Hawk continues to gain market share in Colorado, while Atlantis in Reno is nearing completion of a $100 million hotel room upgrade project, expected to finish by Q2 2025.

The company declared a quarterly cash dividend of $0.30 per share, payable on March 15, 2025, as part of its annual dividend program of $1.20 per share.

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Monarch Casino & Resort (NASDAQ: MCRI) has announced it will release its fourth quarter 2024 financial results after market close on Tuesday, February 11, 2025. The announcement is a standard earnings release notification.

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Monarch Casino & Resort (NASDAQ: MCRI) reported strong Q3 2024 results with record net revenue of $137.9 million, up 3.7% year-over-year, and net income of $27.6 million, increasing 14.2%. Casino and hotel revenues grew by 3.4% and 5.0% respectively, while food and beverage revenue slightly decreased by 0.2%. The company achieved Adjusted EBITDA of $50.6 million, a 2.9% increase. Diluted earnings per share rose 19.5% to $1.47. The company declared a quarterly cash dividend of $0.30 per share, payable December 15, 2024. During Q3, Monarch purchased 131,285 shares for $9.6 million and maintained a strong balance sheet with $39.4 million in cash.

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Monarch Casino & Resort, Inc. (NASDAQ: MCRI) has announced that it will release its 2024 third quarter financial results after the market closes on Wednesday, October 23, 2024. This announcement sets the date for investors and analysts to review the company's performance for the third quarter of the fiscal year 2024.

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Bistro Napa at Atlantis Casino Resort Spa has received the prestigious AAA Four Diamond designation, making Atlantis the only property in northern Nevada with multiple AAA Four Diamond restaurants and a Four Diamond hotel. This achievement places Bistro Napa among the top 10% of AAA Diamond restaurant listings, recognized for distinctive fine dining and upscale ambience.

The restaurant features a wine country-inspired menu that changes seasonally, with signature dishes like Pan Roasted Chilean Sea Bass and Cabernet-Braised Boneless Short Ribs. A 4,000-bottle wine cellar serves as the centerpiece, offering private dining experiences. Under Sommelier Christian O'kuinghttons, Bistro Napa has earned the Wine Spectator Award of Excellence for 23 consecutive years.

This recognition aligns with Atlantis Casino Resort Spa's mission to provide the ultimate resort experience with luxurious accommodations, premier dining, and exceptional hospitality.

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Spa Monarch at Monarch Casino Resort Spa has been voted the #2 hotel spa in the nation by USA Today readers, moving up from 4th place in 2023. This recognition highlights the spa's exceptional treatments, world-class amenities, and attentive staff. Located on the 23rd floor of Monarch Casino's hotel in Black Hawk, Colorado, Spa Monarch offers luxurious facilities including an aqua spa, mountain stone bath steam room, and light therapy lounge.

The spa's success is attributed to its consistent service and the breathtaking views of the Rocky Mountains. Monarch Casino Resort Spa, situated just 45 minutes from Denver, features a 60,000 square foot gaming area, multiple dining options, and 516 luxury hotel rooms. In 2023, it was also voted the 4th "Best Overall Casino Outside of Las Vegas" by Newsweek readers.

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IGT (NYSE: IGT) has expanded its sports betting presence in Nevada and Colorado through a partnership with Monarch Casino & Resort, Inc. (Nasdaq: MCRI). The agreement involves IGT's PlaySports technology and services powering retail and mobile sports betting at Atlantis Casino Resort Spa in Reno, Nevada and Monarch Casino Resort Spa in Black Hawk, Colorado.

As part of this collaboration, Monarch has launched new mobile sportsbook apps: Atlantis NV Sports and BetMonarch – Colorado, both utilizing IGT PlaySports technology. IGT's platform is known for its versatility in the U.S. B2B sports betting market and was recently named 'Sportsbook Platform Provider of the Year' at the 2024 EGR North America Awards.

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Monarch Casino & Resort (Nasdaq: MCRI) reported record financial results for Q2 2024, with net revenue increasing 3.6% to $128.1 million and adjusted EBITDA growing 4.3% to $43.9 million. The company saw growth across all business segments at Monarch Black Hawk, while Atlantis completed upgrades to 125 hotel rooms. Key financial highlights include:

  • Net income up 1.2% to $22.7 million
  • Diluted EPS increased 4.4% to $1.19
  • Adjusted EBITDA margin improved to 34.3%

The company declared a quarterly cash dividend of $0.30 per share, payable on September 15, 2024. Monarch also repurchased 452,464 shares for $30.5 million in Q2 2024.

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FAQ

What is the current stock price of Monarch Casino (MCRI)?

The current stock price of Monarch Casino (MCRI) is $91.58 as of February 28, 2025.

What is the market cap of Monarch Casino (MCRI)?

The market cap of Monarch Casino (MCRI) is approximately 1.7B.

What properties does Monarch Casino & Resort Inc. own?

Monarch Casino & Resort Inc. owns the Atlantis Casino Resort Spa in Reno, Nevada, and the Monarch Casino Black Hawk in Black Hawk, Colorado.

What are the main sources of revenue for Monarch Casino & Resort Inc.?

The main sources of revenue for Monarch Casino & Resort Inc. are its casino operations, followed by food & beverage, and hotel operations.

How large is the Atlantis Casino Resort Spa?

The Atlantis Casino Resort Spa in Reno features approximately 61,000 square feet of casino space and 818 guest rooms.

What amenities are available at the Monarch Black Hawk Casino?

Monarch Black Hawk Casino offers gaming, dining, and hospitality amenities, including a variety of slot machines, table games, and dining options.

How frequently does Monarch Casino & Resort Inc. declare dividends?

Monarch Casino & Resort Inc. has declared quarterly cash dividends, with recent announcements for payouts in September and December 2023, and March and June 2024.

What impact has litigation had on Monarch Casino & Resort Inc.'s financials?

Ongoing litigation with PCL Construction Services, Inc. has impacted Monarch Casino & Resort Inc.'s net income and diluted EPS, with significant legal and consulting costs during 2023 and 2022.

What types of games are available at the Atlantis Casino Resort Spa?

The Atlantis Casino Resort Spa offers around 1,450 slot and video poker machines, 37 table games including blackjack, craps, and roulette, a race and sports book, a 24-hour live keno lounge, and a poker room.

How does Monarch Casino & Resort Inc. ensure customer satisfaction?

Monarch Casino & Resort Inc. focuses on enhancing its gaming and hospitality offerings, providing a premium experience for its guests through its state-of-the-art facilities and strategic customer service initiatives.

What retail options are available at the Atlantis Casino Resort Spa?

The Atlantis Casino Resort Spa features two retail outlets offering a variety of clothing and gift shop merchandise.

What unique amenities does the Atlantis Casino Resort Spa offer?

Unique amenities at the Atlantis Casino Resort Spa include a 30,000 square-foot health spa and salon with an enclosed pool, an 8,000 square-foot family entertainment center, and extensive banquet, convention, and meeting room space.
Monarch Casino

Nasdaq:MCRI

MCRI Rankings

MCRI Stock Data

1.70B
12.65M
31.28%
64.2%
1.05%
Resorts & Casinos
Hotels & Motels
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United States
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