Monarch Casino & Resort, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 04:03 pm EST
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Monarch Casino & Resort, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 89.53 million compared to USD 84.06 million a year ago. Revenue was USD 128.19 million compared to USD 120.54 million a year ago. Net income was USD 18.2 million compared to USD 22.43 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 1.17 a year ago. Diluted earnings per share from continuing operations was USD 0.93 compared to USD 1.14 a year ago.
For the full year, sales was USD 353.28 million compared to USD 341.94 million a year ago. Revenue was USD 501.48 million compared to USD 477.87 million a year ago. Net income was USD 82.45 million compared to USD 87.48 million a year ago. Basic earnings per share from continuing operations was USD 4.28 compared to USD 4.6 a year ago. Diluted earnings per share from continuing operations was USD 4.2 compared to USD 4.47 a year ago.
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.
MONARCH CASINO & RESORT, INC. 
