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Dec 31, 2023
Monarch Q4 2023 Earnings Report
Monarch Casino & Resort reported fourth quarter operating results and declared a cash dividend.
Key Takeaways
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.
Net revenue reached $128.2 million, a 6.3% increase year-over-year.
Adjusted EBITDA grew to $43.0 million, a 3.4% increase year-over-year.
Monarch Black Hawk's operation continued to ramp up with ongoing revenue growth.
A cash dividend of $0.30 per share was declared, payable on March 15, 2024.
Monarch
Monarch
Monarch Revenue by Segment
Revenue by Segment
Casino Revenue
CapyFin.comFood & Beverage Revenue
CapyFin.comHotel Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The company is focused on investing in its properties, paying cash dividends, and considering share repurchases. They are also focused on growth through acquisition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income