Monarch Casino & Resort Inc - MCRI STOCK NEWS

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.

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.

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.

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.

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.

Monarch Casino Resort Spa's Spa Monarch has been nominated for USA Today's 2024 10Best Readers' Choice Travel Awards in the Best Hotel Spa category for the second consecutive year. This prestigious recognition highlights the spa's outstanding amenities and services, positioning it among the nation's elite spa destinations. Set against the Rocky Mountains, Spa Monarch offers luxurious amenities including a rooftop pool, fire pits, aqua spa, and unique therapies.

Monarch Casino Resort Spa, located in Black Hawk, Colorado, was voted the 4th 'Best Overall Casino Outside of Las Vegas' by Newsweek readers in 2023. The resort features over 60,000 square feet of gaming space, multiple dining options, 516 luxury hotel rooms, and a free 1,350-space parking garage. Public voting for the USA Today 10Best Readers' Choice Awards is open until September 4th, 2024.

Monarch Casino & Resort (NASDAQ: MCRI) will announce its 2024 second quarter financial results after the market closes on Wednesday, July 24, 2024. The upcoming report will provide insights into the company's financial performance for the quarter, which is important for investors and stakeholders monitoring MCRI's stock. Investors are keen to analyze key metrics such as earnings, revenue, and earnings per share (EPS), as these will influence the stock's performance and market outlook.

Monarch Casino & Resort, Inc. (Nasdaq: MCRI) reported record first-quarter 2024 financial results with net revenue of $121.7 million, a 4.3% increase from the prior year. Adjusted EBITDA reached $38.5 million, up 5.7%. The company declared a cash dividend of $0.30 per share, payable on June 15, 2024. CEO John Farahi highlighted revenue growth at Monarch Black Hawk and ongoing property enhancements at Atlantis. The company remains focused on operational efficiency, capital investments, and potential M&A transactions to drive long-term value for stockholders.

Monarch Casino & Resort, Inc. (MCRI) will release its 2024 first quarter financial results on April 17, 2024.