Monarch Casino & Resort Inc (OQ:MCRI)
Business Focus: Casinos
| Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Executive Offices 3800 S Virginia Street RENO NV 89502 |
| Tel: | N/A |
| Website: | https://www.monarchcasino.com |
| IR: | See website |
| Key People | ||
| Bob Farahi Co-Chairman of the Board, President | John Farahi Co-Chairman of the Board, Chief Executive Officer, Secretary | Edwin S. Koenig Chief Accounting Officer |
| Business Overview |
| Monarch Casino & Resort, Inc. owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (the Atlantis) and the Monarch Casino Resort Spa Black Hawk (the Monarch Black Hawk), a hotel and casino in Black Hawk, Colorado. In addition, it owns separate parcels of land located next to the Atlantis and a parcel of land with an industrial warehouse located between Denver, Colorado, and Monarch Black Hawk. The Atlantis is located approximately three miles south of downtown, which features approximately 61,000 square feet of casino space; 817 guest rooms and suites; eight food outlets; two gourmet coffee and pastry bars and one snack bar; a 30,000 square-foot health spa and salon with an enclosed year-round pool. Monarch Black Hawk features approximately 60,000 square feet of casino space; approximately 1,000 slot machines; approximately 43 table games; a live poker room; a keno counter and a sports book. The resort also includes 10 bars and lounges. |
| Financial Overview |
| For the three months ended 31 March 2024, Monarch Casino & Resort Inc revenues increased 4% to $121.7M. Net income increased 3% to $18.3M. Revenues reflect Casino increase of 4% to $69.4M, Hotel increase of 8% to $16.8M, Food and beverage increase of 3% to $30.2M. Net income was partially offset by Depreciation and amortization increase of 10% to $12.5M (expense), Construction litigation increase of 2% to $510K (expense). |
| Employees: | 2,900 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,252M as of Mar 31, 2024 |
| Annual revenue (TTM): | $506.49M as of Mar 31, 2024 |
| EBITDA (TTM): | $165.12M as of Mar 31, 2024 |
| Net annual income (TTM): | $83.05M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 18,830,036 as of Mar 31, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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