---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002413"
form_type: "8-K"
ticker: "MCRI"
cik: "0000907242"
company_name: "MONARCH CASINO & RESORT INC"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:12:03.003114+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Monarch Casino posts record Q1 revenue $116.6M, Adj. EBITDA $36.5M; declares $0.30 dividend

## Summary
- Net revenue $116.6M (record, +7.7% YoY); diluted EPS $0.90 (-2.2% from $0.92 due to higher tax rate).
- Adjusted EBITDA $36.5M (+6.2%) with margin 31.3%; strong Black Hawk performance offsets Reno weather disruption.
- Declares quarterly cash dividend of $0.30/share, payable June 15, 2023 to holders of record June 1, 2023; part of $1.20 annual.
- Capital expenditures $15.2M in Q1 for room upgrades and casino carpet at Atlantis; cash $34M, debt $51M.
- Paid $5.00 special dividend in March 2023 funded by cash and credit facility.

## SEC filing metadata
- accession: 0001171843-23-002413
- form_type: 8-K
- ticker: MCRI
- cik: 0000907242
- company_name: MONARCH CASINO & RESORT INC
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/907242/000117184323002413/0001171843-23-002413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/907242/000117184323002413/f8k_041923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002413
- JSON: https://secwatch.observer/filing/0001171843-23-002413.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002413.txt

## Key facts
- Earnings Releases
  MONARCH CASINO & RESORT INC reported the first quarter ended March 31, 2023 results: revenue $ 116,644, net income 17,670, EPS $ 0.92.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $ 116,644
  - Net income: 17,670
  - EPS: $ 0.92
  - Result: reported results
  source text: ended March 31, 2023, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended March 31, 2023 2022 Increase / (Decrease) Net revenue $ 116,644 $ 108,318 7.7% Net income (1) 17,670 18,118 (2.5%) Adjusted EBITDA (3) $ 36,480 $ 34,342 6.2% Basic EPS $ 0.92 $ 0.96 (4.2%) Diluted EPS (2) $ 0.90 $ 0.92 (2.2%) (1) Net Income
  evidence_url: https://www.sec.gov/Archives/edgar/data/907242/000117184323002413/0001171843-23-002413-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.