secwatch.observer — SEC 8-K summary
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Issuer:     MONARCH CASINO & RESORT INC (MCRI)
CIK:        0000907242
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001171843-21-005197
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Monarch Casino Q2 record net revenue $97.7M, adjusted EBITDA $35.2M, diluted EPS $0.93
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- Q2 net revenue $97.7M, up 544.8% YoY (vs $15.2M) and up 55.7% vs Q2 2019; record for second consecutive quarter.
- Diluted EPS $0.93 vs ($0.24) in Q2 2020; net income $18.1M vs loss $4.3M; record adjusted EBITDA margin 36.0%.
- Debt reduced by $25M in quarter; optional prepayment $22.5M; outstanding term loan $135M, revolver undrawn.
- Black Hawk expansion continues: new poker room opened May 14; conversion of buffet to restaurant/sportsbook/casino space by year-end.
- CEO highlighted market share gains, pent-up demand, labor constraints; exploring acquisition strategies and leveraging additional Reno acreage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907242/000117184321005197/0001171843-21-005197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907242/000117184321005197/f8k_072821.htm
  HTML page:      https://secwatch.observer/filing/0001171843-21-005197

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer