Monarch Q4 2021 Earnings Report
Key Takeaways
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.
Net revenue and Adjusted EBITDA in the fourth quarter of 2021 were $111.1 million and $39.0 million, respectively, both fourth quarter records.
Full year net revenue and Adjusted EBITDA were $395.4 million and $137.3 million, respectively, both all-time records.
Monarch Black Hawk operations continued to ramp up in the fourth quarter, with the opening of an all-new sports book, lounge and bar.
The company expects that 2022 will be another year of strong operating performance and financial results.
Monarch
Monarch
Forward Guidance
The company expects that 2022 will be another year of strong operating performance and financial results. They continue to evaluate acquisition opportunities and remain committed to deploying capital in a manner that will position Monarch to grow and build long-term value for its stockholders.