secwatch.observer — SEC 8-K summary
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Issuer:     MONARCH CASINO & RESORT INC (MCRI)
CIK:        0000907242
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0001171843-22-002683
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Monarch Casino & Resort posts record Q1: revenue $108.3M (+44.5%), net income +122%
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- Net revenue of $108.3M, up 44.5% YoY; net income $18.1M, up 122.2%.
- Adjusted EBITDA $34.3M (+50.4%); diluted EPS $0.92 (+119%).
- Expanded Monarch Black Hawk drove record Q1 results; table games revenue increased significantly.
- Capex $23.7M for Atlantis room remodel; $10M debt repaid; no revolver balance.
- CEO notes strong start but cautions labor inflation may pressure near-term margins.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907242/000117184322002683/0001171843-22-002683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907242/000117184322002683/f8k_042022.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-002683

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