Colorado court awards $74.6M net judgment against Monarch Casino in construction litigation

MONARCH CASINO & RESORT INC

Court awarded PCL $74.8M for breach; Monarch $0.14M; net judgment $74.6M for PCL.
Monarch plans appeal to Colorado Court of Appeals; expects to record full judgment in 2024 10-K.
Previous liability was $47M; increase of ~$27.6M; will amend Q4/FY2024 results announced Feb 11, 2025.
Court invited motions for prejudgment interest at 8% and for fees/costs; Monarch will respond.

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