Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. As of February 24, 2021, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 818 guest rooms and suites; 8 food outlets; 2 gourmet coffee and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space. Its Atlantis Casino Resort Spa also featured approximately 1,400 slot and video poker machines; approximately 37 table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge; and a poker room. In addition, the company's Monarch Casino Resort Spa Black Hawk featured approximately 60,000 square feet of casino space; approximately 1,200 slot machines; approximately 40 table games; 10 bars and lounges; 4 dining options; 516 guest rooms and suites; banquet and meeting room space; a retail store; a concierge lounge; an upscale spa and pool facility; and a nine-story parking structure with approximately 1,350 spaces, as well as valet parking with a total parking capacity to 1,500 spaces. Monarch Casino & Resort, Inc. was founded in 1972 and is based in Reno, Nevada.
IPO Year: 1993
Exchange: NASDAQ
Website: monarchcasino.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/5/2024 | Buy → Hold | Stifel | |
| 10/19/2023 | $90.00 → $65.00 | Buy → Hold | Truist |
| 1/18/2023 | $82.00 → $81.00 | Outperform → Neutral | Macquarie |
| 10/20/2022 | $70.00 → $77.00 | Hold → Buy | Stifel |
| 4/21/2022 | $96.00 | Buy → Hold | Stifel |
| 4/21/2022 | $85.00 → $90.00 | Buy → Hold | Jefferies |
Stifel downgraded Monarch Casino & Resort from Buy to Hold
Truist downgraded Monarch Casino & Resort from Buy to Hold and set a new price target of $65.00 from $90.00 previously
Macquarie downgraded Monarch Casino & Resort from Outperform to Neutral and set a new price target of $81.00 from $82.00 previously
Stifel upgraded Monarch Casino & Resort from Hold to Buy and set a new price target of $77.00 from $70.00 previously
Stifel downgraded Monarch Casino & Resort from Buy to Hold and set a new price target of $96.00
Jefferies downgraded Monarch Casino & Resort from Buy to Hold and set a new price target of $90.00 from $85.00 previously
10-Q - MONARCH CASINO & RESORT INC (0000907242) (Filer)
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10-Q - MONARCH CASINO & RESORT INC (0000907242) (Filer)
8-K - MONARCH CASINO & RESORT INC (0000907242) (Filer)
8-K - MONARCH CASINO & RESORT INC (0000907242) (Filer)
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8-K - MONARCH CASINO & RESORT INC (0000907242) (Filer)
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8-K - MONARCH CASINO & RESORT INC (0000907242) (Filer)
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4 - MONARCH CASINO & RESORT INC (0000907242) (Issuer)
4 - MONARCH CASINO & RESORT INC (0000907242) (Issuer)
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4 - MONARCH CASINO & RESORT INC (0000907242) (Issuer)
4 - MONARCH CASINO & RESORT INC (0000907242) (Issuer)
4 - MONARCH CASINO & RESORT INC (0000907242) (Issuer)
RENO, Nev., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch" or "the Company") today reported operating results for the third quarter ended September 30, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 Change 2024 2023 ChangeNet revenue$137,873 $132,965 3.7% $387,673 $373,292 3.9% Net income$27,601 $24,163 14.2% $68,558 $64,246 6.7% Adjusted EBITDA(1)$50,643 $49,221 2.9% $133,114 $127,829 4.1% Basic earnings per share$1.50 $1.26 19.0% $3.67 $3.34 9.9%Diluted earnings per share$1.47 $1.23 19.5% $3.60 $3.27 10
RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2024 third quarter financial results after the market closes on Wednesday, October 23, 2024. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company's website at www.monarchcasino.com. Monarch Black Hawk features approximately 60,000 squa
RENO, Nev., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bistro Napa has received the coveted AAA Four Diamond designation, joining an exclusive list of restaurants and hotels that represent the top tier of the hospitality industry in North America. With this new honor, Atlantis Casino Resort Spa is now the only property in northern Nevada to boast multiple AAA Four Diamond restaurants in addition to a AAA Four Diamond hotel. Atlantis Steakhouse has held a AAA Four Diamond designation since 2013. Meanwhile, Atlantis Casino Resort Spa has maintained its AAA Four Diamond-rated hotel status since 2012. "These AAA Four Diamond accolades reflect our company's overarching mission to provide the ultimate
Denver, CO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Monarch Casino Resort Spa is excited to announce that after four weeks of casting ballots, Spa Monarch has been voted on as the #2 hotel spa in the nation by USA Today readers. After a 4th place finish in the same category in 2023, Spa Monarch rose to the occasion and is celebrating a podium finish in 2024. Each year, spa experts with USA Today's 10Best Readers' Choice Awards leave no stone unturned in search of the nation's most luxurious destinations for the ultimate spa experience. Spa Monarch was selected for its exceptional treatments, world-class amenities, and attentive Team Members, making it an obvious choice for visitors seeking
Atlantis Casino Resort Spa and Monarch Casino Resort Spa are the latest gaming venues to power retail and mobile sports betting with IGT PlaySports technology LONDON, Aug. 5, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) announced today that it expanded its sports betting footprint in Nevada and Colorado through an IGT PlaySports™ technology and services agreement with Monarch Casino & Resort, Inc. (NASDAQ:MCRI). Per the agreement, the award-winning IGT PlaySports platform and trading advisory services are powering retail and mobile sports betting at Atlantis Casino Resort Spa in Reno, Nev. and Monarch Casino Resort Spa in Black Hawk, Colo.
RENO, Nev., July 24, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch," "we," "our," or "the Company") today reported record financial results for the second quarter ended June 30, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 Increase 2024 2023 IncreaseNet revenue$128,143 $123,683 3.6% $249,800 $240,327 3.9% Net income 22,682 22,413 1.2% 40,957 40,083 2.2% Adjusted EBITDA(1)$43,923 $42,128 4.3% $82,471 $78,608 4.9% Basic EPS$1.21 $1.16 4.3% $2.16 $2.08 3.8%Diluted EPS$1.19 $1.14 4.4% $2.12 $2.04 3.9%(1)Definitions, disclos
Denver, CO, July 15, 2024 (GLOBE NEWSWIRE) -- Monarch Casino Resort Spa proudly announces its luxurious Spa Monarch has been nominated for USA Today's 2024 10Best Readers' Choice Travel Awards in the Best Hotel Spa category for the second consecutive year. This prestigious recognition highlights Spa Monarch's outstanding amenities, treatments, and services, positioning it among the nation's elite spa destinations. The USA Today 10Best Readers' Choice Awards celebrate excellence across the travel industry, spotlighting the country's top hotels, destinations, and attractions. "We are honored to be nominated again for this prestigious award," said Erica Ferris, Director of Marketing at Mona
RENO, Nev., July 12, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2024 second quarter financial results after the market closes on Wednesday, July 24, 2024. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa Black Hawk ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company's website at www.monarchcasino.com. Monarch Black Hawk features approximately 60,000 squ
RENO, Nev., April 17, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch," "we," "our," or "the Company") today reported operating results for the first quarter ended March 31, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended March 31, 2024 2023 IncreaseNet revenue $121,657 $116,644 4.3% Net income 18,275 17,670 3.4% Adjusted EBITDA (1) $38,548 $36,480 5.7% Basic EPS $0.95 $0.92 3.3% Diluted EPS (1) $0.93 $0.90 3.3% (1) Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release. CEO Comment John Farahi, Co-Chairman and Chief Execut
RENO, Nev., April 10, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, April 17, 2024. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa Black Hawk ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company's website at www.monarchcasino.com. The Monarch Black Hawk features approximately 60,00
RENO, Nev., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch" or "the Company") today reported operating results for the third quarter ended September 30, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 Change 2024 2023 ChangeNet revenue$137,873 $132,965 3.7% $387,673 $373,292 3.9% Net income$27,601 $24,163 14.2% $68,558 $64,246 6.7% Adjusted EBITDA(1)$50,643 $49,221 2.9% $133,114 $127,829 4.1% Basic earnings per share$1.50 $1.26 19.0% $3.67 $3.34 9.9%Diluted earnings per share$1.47 $1.23 19.5% $3.60 $3.27 10
RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2024 third quarter financial results after the market closes on Wednesday, October 23, 2024. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company's website at www.monarchcasino.com. Monarch Black Hawk features approximately 60,000 squa
RENO, Nev., July 24, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch," "we," "our," or "the Company") today reported record financial results for the second quarter ended June 30, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 Increase 2024 2023 IncreaseNet revenue$128,143 $123,683 3.6% $249,800 $240,327 3.9% Net income 22,682 22,413 1.2% 40,957 40,083 2.2% Adjusted EBITDA(1)$43,923 $42,128 4.3% $82,471 $78,608 4.9% Basic EPS$1.21 $1.16 4.3% $2.16 $2.08 3.8%Diluted EPS$1.19 $1.14 4.4% $2.12 $2.04 3.9%(1)Definitions, disclos
RENO, Nev., July 12, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2024 second quarter financial results after the market closes on Wednesday, July 24, 2024. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa Black Hawk ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company's website at www.monarchcasino.com. Monarch Black Hawk features approximately 60,000 squ
RENO, Nev., April 17, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch," "we," "our," or "the Company") today reported operating results for the first quarter ended March 31, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended March 31, 2024 2023 IncreaseNet revenue $121,657 $116,644 4.3% Net income 18,275 17,670 3.4% Adjusted EBITDA (1) $38,548 $36,480 5.7% Basic EPS $0.95 $0.92 3.3% Diluted EPS (1) $0.93 $0.90 3.3% (1) Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release. CEO Comment John Farahi, Co-Chairman and Chief Execut
RENO, Nev., April 10, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, April 17, 2024. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa Black Hawk ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company's website at www.monarchcasino.com. The Monarch Black Hawk features approximately 60,00
RENO, Nev., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch" or "the Company") today reported operating results for the fourth quarter ended December 31, 2023, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2022 Change 2023 2022 ChangeNet revenue $128,186 $120,536 6.3% $501,478 $477,870 4.9% Net income (1) $18,202 $22,433 (18.9%) $82,448 $87,479 (5.8%) Adjusted EBITDA (3) $43,003 $41,588 3.4% $170,832 $167,085 2.2% Basic earnings per share $0.94 $1.17 (19.7%) $4.28 $4.60 (7.0%)Diluted earnings per share (2) $0.93
RENO, Nev., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2023 fourth quarter financial results after the market closes on Wednesday, February 14, 2024. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa Black Hawk ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company's website at www.monarchcasino.com. The Monarch Black Hawk features approximately 60
RENO, Nev., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch" or "the Company") today reported operating results for the third quarter ended September 30, 2023, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 Change 2023 2022 ChangeNet revenue $132,965 $133,727 (0.6%) $373,292 $357,334 4.5% Net income(1) $24,163 $27,493 (12.1%) $64,246 $65,046 (1.2%) Adjusted EBITDA(3) $49,221 $51,694 (4.8%) $127,829 $125,497 1.9% Basic earnings per share $1.26 $1.45 (13.1%) $3.34 $3.43 (2.6%)Diluted earnings per sh
RENO, Nev., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2023 third quarter financial results after the market closes on Wednesday, October 18, 2023. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa Black Hawk ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company's website at www.monarchcasino.com. The Monarch Black Hawk features approximately 60,0
Macquarie analyst Chad Beynon maintains Monarch Casino & Resort (NASDAQ:MCRI) with a Neutral and maintains $76 price target.
Truist Securities analyst Barry Jonas maintains Monarch Casino & Resort (NASDAQ:MCRI) with a Hold and raises the price target from $74 to $75.
Monarch Casino & Resort (NASDAQ:MCRI) reported quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $1.11 by 7.21 percent. The company reported quarterly sales of $128.143 million which beat the analyst consensus estimate of $126.307 million by 1.45 percent. This is a 3.61 percent increase over sales of $123.683 million the same period last year.
Macquarie analyst Chad Beynon maintains Monarch Casino & Resort (NASDAQ:MCRI) with a Neutral and raises the price target from $75 to $76.
Monarch Casino & Resort (NASDAQ:MCRI) reported quarterly earnings of $0.93 per share which missed the analyst consensus estimate of $0.98 by 5.1 percent. The company reported quarterly sales of $121.657 million which missed the analyst consensus estimate of $122.320 million by 0.54 percent. This is a 4.30 percent increase over sales of $116.644 million the same period last year.
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Monarch Casino & Resort (NASDAQ:MCRI) reported its Q4 earnings results on Wednesday, February 14, 2024 at 04:03 PM. Here's what investors need to know about the announcement. Earnings Monarch Casino & Resort missed estimated earnings by 9.71%, reporting an EPS of $0.93 versus an estimate of $1.03. Revenue was up $7.65 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.21 which was followed by a 5.67% drop in the share price the next day. Here's a look at Monarch Casino & Resort's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 1.44 1.17 0.98 1.20 EPS Actual 1.23 1.14 0.90 1.14 Revenue Estimate 134.8
Monarch Casino & Resort (NASDAQ:MCRI) reported quarterly earnings of $0.93 per share which missed the analyst consensus estimate of $1.07 by 13.08 percent. The company reported quarterly sales of $128.19 million which beat the analyst consensus estimate of $118.67 million by 8.02 percent. This is a 6.35 percent increase over sales of $120.54 million the same period last year.
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Monarch Casino & Resort (NASDAQ:MCRI) is set to give its latest quarterly earnings report on Wednesday, 2024-02-14. Here's what investors need to know before the announcement. Analysts estimate that Monarch Casino & Resort will report an earnings per share (EPS) of $1.03. Monarch Casino & Resort bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.21, which was follo