Monarch Earnings Reports

Monarch Casino & Resort delivered strong financial results in the first quarter of 2025, achieving record net revenue of $125.4 million and record Adjusted EBITDA of $41.1 million, demonstrating effective operating strategies and sustained growth.

Monarch Casino & Resort achieved record financial results in Q4 2024, with net revenue increasing by 4.9% and net income surging by 40.1% year-over-year. Adjusted EBITDA also saw a significant rise of 9.9%, demonstrating strong operational performance and effective cost management.

Monarch Casino & Resort reported record first-quarter results with net revenue reaching $121.7 million and adjusted EBITDA at $38.5 million. The company saw revenue growth across all business segments at Monarch Black Hawk and is focused on property enhancements at Atlantis. A cash dividend of $0.30 per share was declared.

Monarch Casino & Resort reported record fourth-quarter net revenue of $128.2 million and adjusted EBITDA of $43.0 million, representing year-over-year growth of 6.3% and 3.4%, respectively. The company continues to face staffing challenges and competitive pressures in Reno.

Monarch Casino & Resort's third quarter results showed net revenue of $133.0 million and Adjusted EBITDA of $49.2 million. The company faced competitive pressure in Reno and a softening economic environment, but remains focused on enhancing its properties and returning capital to stockholders.

Monarch Casino & Resort reported record second-quarter results, driven by a strong market position in Black Hawk and improved performance at Atlantis. Net revenue reached $123.7 million, and Adjusted EBITDA grew to $42.1 million, resulting in an Adjusted EBITDA margin of 34.1%.

Monarch Casino & Resort reported record first-quarter results, with net revenue reaching $116.6 million and Adjusted EBITDA at $36.5 million. The company's performance was primarily driven by growth in Black Hawk, Colorado, while Reno experienced weather-related challenges.

Monarch Casino & Resort reported a strong 2022 fourth quarter with record financial results. Net revenue reached $120.5 million, and Adjusted EBITDA grew to $41.6 million, with a margin of 34.5%. The company is benefiting from the ongoing ramp up of its Black Hawk property.

Monarch Casino & Resort reported record operating results for the third quarter ended September 30, 2022, with net revenue of $133.7 million and Adjusted EBITDA of $51.7 million, representing increases of 19.8% and 28.3% respectively, compared to the prior-year quarter. The company's performance was driven by the ongoing growth in business at Monarch Black Hawk and continued strength at Atlantis.

Monarch Casino & Resort reported record second quarter results with net revenue of $115.3 million and Adjusted EBITDA of $39.5 million. The company benefited from the successful ramp-up of its Black Hawk property and efficient cost management, partially offsetting ongoing cost increases with price adjustments. Capital investments in Atlantis, including the hotel tower redesign, were completed on schedule and on budget.

Monarch Casino & Resort reported record first quarter results, with net revenue reaching $108.3 million and Adjusted EBITDA at $34.3 million. The company benefited from the full scope of operations at Monarch Black Hawk and continued growth of market share at both properties.

Monarch Casino & Resort reported record net revenue of $111.1 million and Adjusted EBITDA of $39.0 million for the fourth quarter of 2021. The increase in revenue was primarily driven by the ramp up of operations at the Company’s hotel and expanded casino in Black Hawk.

Monarch Casino & Resort reported record operating results for the third quarter ended September 30, 2021. Net revenue and Adjusted EBITDA reached all-time highs, with each property generating record net revenue and Adjusted EBITDA. The company also achieved a record Adjusted EBITDA margin.

Monarch Casino & Resort reported record second-quarter results with net revenue of $97.7 million and Adjusted EBITDA of $35.2 million, driven by strong performance in both Black Hawk and Reno. The company saw increases in casino, food and beverage, and hotel revenues, and reduced debt by $25.0 million.

Monarch Casino & Resort reported record consolidated net revenue of $75.0 million, an increase of 46.9% from $51.0 million in the prior year period. The Company generated record consolidated Adjusted EBITDA of $22.8 million in the first quarter of 2021, an increase of $14.7 million, or 181.6%, over the same period a year ago.

Monarch Casino & Resort, Inc. reported a decrease in net revenue by 6.0% year-over-year to $58.4 million for the fourth quarter of 2020. Despite challenges from COVID-19 restrictions, the company saw an increase in casino revenue and a significant rise in net income due to a tax benefit. Adjusted EBITDA decreased slightly by 1.7% year-over-year to $13.9 million.

Monarch Casino & Resort reported a decrease in net revenue by 8.7% but an increase in gaming revenue by 9%. The company achieved a record quarterly adjusted EBITDA of $20.7 million, driven by strong casino performance and cost efficiencies.

Monarch Casino & Resort reported a significant decrease in net revenue due to property shutdowns but managed to achieve positive Adjusted EBITDA through cost-saving measures and initial reopening performance. The company is progressing with the Monarch Casino Black Hawk expansion, expecting to open parts of the new facilities in Q3 and Q4 2020.

Monarch Casino & Resort reported a decrease in net revenue and net income for Q1 2020 due to the temporary closure of its properties in mid-March as a result of the COVID-19 pandemic. The company is focused on preserving liquidity and preparing for reopening.

Monarch Casino & Resort reported a 3.8% increase in net revenue to $62.1 million and a net income of $6.2 million for the fourth quarter of 2019. Adjusted EBITDA increased by 5.3% year-over-year. The company is progressing with the Black Hawk expansion and anticipates a soft opening in the second quarter of 2020.