secwatch.observer — SEC 8-K summary
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Issuer:     MONARCH CASINO & RESORT INC (MCRI)
CIK:        0000907242
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001171843-23-006298
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Monarch Q3 net revenue down 0.6% YoY; net income down 12.1%; declares $0.30 dividend
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- Q3 net revenue $133.0M vs $133.7M YoY; net income $24.2M, diluted EPS $1.23, down 12.8%.
- Adjusted EBITDA $49.2M, down 4.8% YoY; margin 37.0%.
- Casino and hotel revenues declined 4.0% and 0.9% respectively; F&B up 5.3%.
- Dividend of $0.30/share declared, payable Dec 15, 2023 to holders of record Dec 1, 2023.
- Litigation with PCL Construction ongoing; trial recessed and set to resume Nov 20, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907242/000117184323006298/0001171843-23-006298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907242/000117184323006298/f8k_101823.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-006298

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