Monarch Casino & Resort, Inc. Share News

Monarch Casino & Resort, Inc. has successfully expanded its presence in the casino market, with properties in Reno and Black Hawk, targeting markets with population growth and lifestyles. The company has a strong balance sheet and a focus on providing superior customer service, rewarding long-time shareholders with genuine increases in yield. Monarch's expansion strategy may include adding room...

RENO, Nev., April 17, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch,” “we,” “our,” or “the Company”) today reported operating results for the first quarter ended March 31, 2024, as summarized below: ($ in thousands, except per share data and percentages)       Three Months Ended March 31,     2024   2023   Increase Net revenue   $ 121,657     $ 116,644     4.3%...

RENO, Nev., April 10, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, April 17, 2024.

Monarch Casino & Resort provides gaming, hotel, and hospitality services in the USA through its Atlantis Casino Resort Spa and Black Hawk Resort Spa. Atlantis Casino Resort Spa has the highest payout rates in Northern Nevada, ensuring robust demand. Monarch has expansion plans for its Nevada unit and aims to target the thriving market in the Denver metropolitan area.

RENO, Nev., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the fourth quarter ended December 31, 2023, as summarized below: ($ in thousands, except per share data and percentages)     Three Months Ended December 31,   Twelve Months Ended December 31,     2023   2022   Change   2023   2022   Change ...

RENO, Nev., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) announced today that it will release its 2023 fourth quarter financial results after the market closes on Wednesday, February 14, 2024.

Monarch Casino & Resort reports Q3'23 revenues of $132.97mn, a slight YoY decline. MCRI maintains a fourfold investment thesis centered around location advantage, growth opportunities, operations track record, and strong financial profile. The Company is undervalued and positioned for greater share price growth compared to peers due to consumer purchasing power and growth opportunities.

The hotel and hospitality industry took a serious beating during the Covid-19 pandemic. U.S. hotel market valuations dropped from $222.26 billion in 2019 to a measly $127 and $171.1 billion.