---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000967"
form_type: "8-K"
ticker: "MCRI"
cik: "0000907242"
company_name: "MONARCH CASINO & RESORT INC"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T23:34:44.983887+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Monarch declares $5.00 special dividend, initiates $1.20 annual dividend, amends credit line

## Summary
- One-time cash dividend of $5.00 per share payable March 15, 2023 to holders of record March 1, 2023.
- New annual cash dividend of $1.20 per share ($0.30/quarter), starting in Q2 2023.
- Fifth Amended Credit Facility raises revolver to $100M (option to add $100M), extends maturity to Jan 1, 2025.
- CEO cites strong FCF, zero debt after Black Hawk expansion as rationale for shareholder return.
- Credit facility may be used to partially fund the special dividend and for general corporate purposes.

## SEC filing metadata
- accession: 0001558370-23-000967
- form_type: 8-K
- ticker: MCRI
- cik: 0000907242
- company_name: MONARCH CASINO & RESORT INC
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/907242/000155837023000967/0001558370-23-000967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/907242/000155837023000967/mcri-20230201x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000967
- JSON: https://secwatch.observer/filing/0001558370-23-000967.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000967.txt

## Key facts
- Material Agreements
  MONARCH CASINO & RESORT INC amended Fifth Amended and Restated Credit Agreement with Wells Fargo Bank, N.A., as administrative agent valued at $200.0 million (effective 2023-02-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, N.A., as administrative agent
  - Value: $200.0 million
  - Effective: 2023-02-01
  source text: On February 1, 2023, Monarch Casino & Resort, Inc. (the “ Company ”) entered into the Fifth Amended and Restated Credit Agreement with Wells Fargo Bank, N.A., as administrative agent (the “Fifth Amended Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/907242/000155837023000967/0001558370-23-000967-index.htm

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