secwatch / observer

MONARCH CASINO & RESORT INC — fact timeline

Source-grounded facts extracted from MONARCH CASINO & RESORT INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MCRI MONARCH CASINO & RESORT INC JSON
Shareholder Votes

MONARCH CASINO & RESORT INC shareholders approved Advisory vote on executive compensation at the 2026-05-27 meeting.

“Proposal 2 – Stockholders approved, on a non-binding advisory basis, the executive compensation as disclosed in the 2026 proxy statement of the Company's named executive officers.”
Shareholder Votes

MONARCH CASINO & RESORT INC shareholders approved Election of Directors at the 2026-05-27 meeting.

“Proposal 1 – Stockholders elected John Farahi, Craig F. Sullivan and Paul Andrews, each nominated by the board of directors, to serve until the 2028 annual meeting of stockholders and until his successor is elected and qualified, or until such director's earlier death, resignation or removal. Stockholders elected Hope S. Taitz, nominated by the board of directors, to serve until the 2027 annual meeting of stockholders and until her successor is elected and qualified, or until such director's earlier death, resignation or removal.”
Earnings Releases

MONARCH CASINO & RESORT INC reported first quarter ended March 31, 2026 results: revenue $136,550, net income $27,592, EPS $1.52 per diluted share.

“Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the first quarter ended March 31, 2026, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended March 31, 2026 2025 Increase Net revenue $ 136,550 $ 125,394 8.9% Net income $ 27,592 $ 19,864 38.9% Adjusted EBITDA (1) $ 48,951 $ 41,131 19.0% Basic EPS $ 1.55 $ 1.08 43.5% Diluted EPS $ 1.52 $ 1.05 44.8%”
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.

“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”
Earnings Releases

MONARCH CASINO & RESORT INC reported the fourth quarter ended December 31, 2023 results: revenue $128,186, net income $18,202, EPS $0.93 per diluted share.

“below: ($ in thousands, except per share data and percentages) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2022 Change 2023 2022 Change Net revenue $128,186 $120,536 6.3% $501,478 $477,870 4.9% Net income (1) $18,202 $22,433 (18.9%) $82,448 $87,479 (5.8%) Adjusted EBITDA (3) $43,003 $41,588 3.4% $170,832 $167,085 2.2% Basic earnings”
Earnings Releases

MONARCH CASINO & RESORT INC reported third quarter ended September 30, 2023 results: revenue $133.0 million, net income $24,163 (in thousands) per table, EPS $1.23 per diluted share.

“our operating results were negatively impacted by competitive pressure in Reno and the current macroeconomic environment. Third quarter net revenue and Adjusted EBITDA were $133.0 million and $49.2 million, respectively, leading to an Adjusted EBITDA margin of 37.0%. “At Monarch Black Hawk, we are working to further expand market share among mid-to-upper tier”
Earnings Releases

MONARCH CASINO & RESORT INC reported second quarter ended June 30, 2023 results: revenue $123.7 million, net income $22,413 thousand, EPS $1.14.

“position in Black Hawk and a year over year improvement in the operating performance at Atlantis. Net revenue and Adjusted EBITDA grew to all-time second quarter records of $123.7 million and $42.1 million, respectively, resulting in an Adjusted EBITDA margin of 34.1%. “In Black Hawk, we continued to expand market share throughout the quarter, especially in the”
Shareholder Votes

MONARCH CASINO & RESORT INC shareholders approved Advisory vote on frequency of future say-on-pay votes at the 2023-05-22 meeting.

“Proposal 3 – Stockholders approved, on a non-binding advisory basis, that future "say-on-pay" votes be held every year.”
Shareholder Votes

MONARCH CASINO & RESORT INC shareholders approved Advisory vote on executive compensation at the 2023-05-22 meeting.

“Proposal 2 – Stockholders approved, on a non-binding advisory basis, the executive compensation as disclosed in the 2023 proxy statement of the Company's named executive officers.”
Shareholder Votes

MONARCH CASINO & RESORT INC shareholders approved Election of directors at the 2023-05-22 meeting.

“Proposal 1 – Stockholders elected the following two directors nominated by the board of directors, each to serve until the 2025 annual meeting of stockholders and until his or her successor is elected and qualified, or until such director's earlier death, resignation or removal.”
Earnings Releases

MONARCH CASINO & RESORT INC reported the first quarter ended March 31, 2023 results: revenue $ 116,644, net income 17,670, EPS $ 0.92.

“ended March 31, 2023, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended March 31, 2023 2022 Increase / (Decrease) Net revenue $ 116,644 $ 108,318 7.7% Net income (1) 17,670 18,118 (2.5%) Adjusted EBITDA (3) $ 36,480 $ 34,342 6.2% Basic EPS $ 0.92 $ 0.96 (4.2%) Diluted EPS (2) $ 0.90 $ 0.92 (2.2%) (1) Net Income”
Earnings Releases

MONARCH CASINO & RESORT INC reported the fourth quarter and full year ended December 31, 2022 results: revenue $120,536, net income $22,433, EPS $1.14.

“($ in thousands, except per share data and percentages) Three Months Ended December 31, Twelve Months Ended December 31, 2022 2021 Increase 2022 2021 Increase Net revenue $ 120,536 $ 111,068 8.5 % $ 477,870 $ 395,377 20.9 % Net income (1) $ 22,433 $ 19,871 12.9 % $ 87,479 $ 68,488 27.7 % Adjusted EBITDA (3) $ 41,588 $ 39,015 6.6 % $ 167,085 $ 137,294 21.7 %”
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).

“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”).”

David Farahi resigned as Chief Operating Officer at MONARCH CASINO & RESORT INC.

“On August 24, 2021, David Farahi announced his intention to resign from his position as Chief Operating Officer of Monarch Casino & Resort, Inc. (the "Company"), effective September 3, 2021.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.