secwatch.observer — SEC 8-K summary
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Issuer:     MONARCH CASINO & RESORT INC (MCRI)
CIK:        0000907242
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001558370-25-001052
Event type: litigation
Sentiment:  negative
Materiality: 0.80
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/907242/000155837025001052/0001558370-25-001052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/907242/000155837025001052/mcri-20250214x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-001052

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