secwatch.observer — SEC 8-K summary
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Issuer:     MONARCH CASINO & RESORT INC (MCRI)
CIK:        0000907242
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001171843-25-001203
Event type: litigation
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Monarch Casino adjusts Q4 and FY2024 earnings downward by $27.6M due to litigation judgment
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- Net judgment of $74.6M awarded to PCL; Monarch plans appeal to Colorado Court of Appeals.
- Q4 net income adjusted from $25.5M to $4.2M; diluted EPS from $1.36 to $0.22.
- FY2024 net income adjusted from $94.1M to $72.8M; diluted EPS from $4.96 to $3.84.
- Adjusted EBITDA unchanged; balance sheet liability increased by $27.6M to reflect judgment.
- Adjustment recognized as Type I subsequent event in the 2024 Form 10-K filed today.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907242/000117184325001203/0001171843-25-001203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907242/000117184325001203/f8k_030325.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-001203

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