---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002058"
form_type: "8-K"
ticker: "MCRI"
cik: "0000907242"
company_name: "MONARCH CASINO & RESORT INC"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:59:47.403918+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Monarch Casino Q1 revenue up 4.3% to $121.7M; adj. EBITDA record at $38.5M, dividend $0.30/share

## Summary
- Net revenue $121.7M (+4.3% YoY); casino revenue +3.8%, F&B +2.9%, hotel +8.4%.
- Adjusted EBITDA $38.5M (+5.7% YoY); margin improved to 31.7% from 31.3%.
- Diluted EPS $0.93 vs. $0.90 YoY; net income $18.3M (+3.4%).
- Declared $0.30/share cash dividend, payable June 15, 2024, to holders of record June 1, 2024.
- Repurchased 281,708 shares for $19.4M in Q1; capital expenditures $17.9M.

## SEC filing metadata
- accession: 0001171843-24-002058
- form_type: 8-K
- ticker: MCRI
- cik: 0000907242
- company_name: MONARCH CASINO & RESORT INC
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/907242/000117184324002058/0001171843-24-002058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/907242/000117184324002058/f8k_041724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002058
- JSON: https://secwatch.observer/filing/0001171843-24-002058.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002058.txt

## Key facts
- Earnings Releases
  MONARCH CASINO & RESORT INC reported first quarter ended March 31, 2024 results: revenue $121.7 million, net income $18.3 million, EPS $0.93 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $121.7 million
  - Net income: $18.3 million
  - EPS: $0.93 per diluted share
  - Result: reported results
  source text: Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “In the first quarter of 2024 net revenue and adjusted EBITDA grew to all-time first quarter records of $121.7 million and $38.5 million, respectively, and the EBITDA margin improved to 31.7% from 31.3% in the same period of the prior year. “Monarch Black Hawk generated revenue growth across all
  evidence_url: https://www.sec.gov/Archives/edgar/data/907242/000117184324002058/0001171843-24-002058-index.htm

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