MCRI Monarch Casino & Resort, Inc. featured news, full reports, and detailed charts
Monarch Casino & Resort, Inc. (MCRI) Wrap Up:
Monarch Casino & Resort, Inc. (the "Company" or "we"), through its wholly-owned subsidiary, Golden Road Motor Inn, Inc. ("Golden Road"), owns and operates the tropically-themed Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada (the "Atlantis"). Unless otherwise indicated, "Monarch" or the "Company" refers to Monarch Casino & Resort, Inc. and its Golden Road subsidiary. Monarch was incorporated in 1993 under Nevada law for the purpose of acquiring all of the stock of Golden Road. The principal asset of Monarch is the stock of Golden Road, which holds all of the assets of the Atlantis. Our principal executive offices are located at 3800 S. Virginia Street; Reno, Nevada 89502; telephone (775) 335-4600. AVAILABLE INFORMATION Our website address is www.monarchcasino.com. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0000907242-08-000010.html#FIS_BUSINESS"www.monarchcasino.com
1,810 Employees
Founded in 1972
Monarch Casino & Resort Inc. (MCRI:NASDAQ)
LAST $7.51 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Monarch Casino & Resort Inc. (MCRI)
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OPEN
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PREVIOUS CLOSE
$7.51
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
09/18/09 - $13.32
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52 WEEK LOW
03/6/09 - $3.59
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MARKET CAP
121.1M
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AVERAGE VOLUME 3 mo
87.2K
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DILUTED EPS TTM
$0.32
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SHARES OUTSTANDING
16.1M
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MCRI Does Not Pay Dividends
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P/E TTM
23.5x
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| K = Thousands M = Millions B = Billions | ||
MCRI Top Compensated Officers
Mr. John Farahi
Co-Chairman, Chief Executive Officer, Member ...
Age: 61
Total Annual Compensation: $400.0K
Mr. Bob Farahi
Co-Chairman, President, Secretary, Member of ...
Age: 58
Total Annual Compensation: $240.0K
Mr. Ronald Rowan
Chief Financial Officer, Principal Accounting...
Age: 44
Total Annual Compensation: $257.5K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Monarch Casino & Resort Inc. (MCRI)
Monarch Casino & Resort Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 21, 2009).
10/21/2009
Monarch Casino & Resort Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 21, 2009).
Monarch Casino & Resort Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/21/2009
Monarch Casino & Resort Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $2,037,858 or $0.13 per diluted share on net revenues of $34,845,800 compared to net income of $4,025,695 or $0.25 per diluted share on net revenues of $38,787,199 for the same period previous year. Income before income taxes for the quarter was $3,134,358 and income from operations was $3,585,074 compared to income before income taxes of $6,121,855 and income from operations of $6,168,729 for the same period previous year. Gross revenues for the period were $41,251,542 compared to $45,678,521 for the same period previous year. EBITDA for the period was $6,619,748 compared to $8,522,291 for the same period previous year. For the quarter, the company reported net income of $4,757,936 or $0.29 per diluted share on net revenues of $101,880,342 compared to net income of $9,130,629 or $0.53 per diluted share on net revenues of $108,404,357 for the same period previous year. Income before income taxes for the period was $7,319,161 and income from operations was $8,819,335 compared to income before income taxes of $13,977,889 and income from operations of $13,727,181 for the same period previous year. Gross revenues for the period were $121,159,532 compared to $128,209,266 for the same period previous year. EBITDA for the period was $18,129,915 compared to $20,116,029 for the same period previous year.
Monarch Casino & Resort Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2009
07/22/2009
Monarch Casino & Resort Inc. reported earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income of $1,797,918 or $0.11 per share on net revenues of $34,455,358 against $2,802,903 or $0.16 per share on net revenues of $35,343,765 a year ago. Income before income taxes was $2,766,068 against $4,334,003 a year ago. Income from operations was $3,300,734 against $4,419,100 a year ago. EBITDA was $6,395,685 against $6,312,337 a year ago. For the six months, the company reported net income of $2,720,078 or $0.17 per share on net revenues of $67,034,542 against $5,104,934 or $0.24 per share on net revenues of $69,617,158 a year ago. Income before income taxes was $4,184,803 against $7,856,034 a year ago. Income from operations was $5,234,261 against $7,693,944 a year ago. EBITDA was $11,510,167 against $11,593,738 a year ago.
MCRI Competitors
| Company | Last | Change |
| Archon Corp | $13.75 USD | 0.00 |
| Dover Downs Gaming & Entertainment Inc | $4.52 USD | -0.19 |
| Empire Resorts Inc | $2.93 USD | -0.11 |
| Riviera Holdings Corp | $0.53 USD | 0.00 |
| Youbet.com Inc | $2.80 USD | -0.02 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | MCRI | Industry Range |
| Price/Earnings | 21.8x |
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| Price/Sales | 0.8x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 6.2x |
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| TEV/Sales | 0.4x |
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MCRI |
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MCRI transactions
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| No transactions in the last 6 months. | ||
More Recent News About Monarch Casino & Resort, Inc.
More news for MCRI
Casino Investing: Long Shots Pay Off Big
It was a good week for casino stocks, but some of the biggest names lagged their lesser-known peers. The economy appears to be on the rebound, but investing in casino stocks remains risky business. However, in keeping with the Vegas mindset, taking risks can pay off big. Case in point: Empire Resorts (NASDAQ; NYNY) announced Wednesday that it will receive a $55 million cash injection from an investment company in return for a near 50% equity stake. Shares bought a week ago have since gained over 60% in value, and that's after the stock pared gains to end the week.Elsewhere, the casino sector was mostly positive over the last week. As a whole, the Casino Stocks Index rose by 8% for the period, topping all but four of tickerspy's more than 250 proprietary Indexes.Yesterday Las Vegas Sands (NYSE: LVS - News) announced yesterday that its Macau subsidiary applied for listing on the Hong Kong stock exchange. The IPO could take place by the end of 2009, said JPMorgan analyst Joseph Greff in a research note. Sands stock is up by 6.5% this week, a top performer among peers. Wynn Resorts (NASDAQ: WYNN...Click here to read the whole Article (external link)
MONARCH CASINO & RESORT INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Monarch Casino & Resort, Inc., through its wholly-owned subsidiary, Golden Road Motor Inn, Inc. ("Golden Road"), owns and operates the tropically-themed Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada (the "Atlantis"). Monarch's other wholly owned subsidiary, High Desert Sunshine, Inc., owns a parcel of land located adjacent to the Atlantis. Monarch was incorporated in 1993 under Nevada law for the purpose of acquiring all of the stock of Golden Road. The principal asset of Monarch is the stock of Golden Road, which holds all of the assets of the Atlantis. Our sole operating asset, the Atlantis, is a hotel/casino resort located in Reno, Nevada. Our business strategy is to maximize the Atlantis' revenues, operating income and cash flow primarily through our casino, our food and beverage operations and our hotel operations. We capitalize on the Atlantis' location for tour and travel visitors, conventioneers and local residents by offering exceptional service, value and an appealing theme to our guests. Our hands-on management style focuses on customer service and cost efficiencies. Unless otherwise indicated, "Monarch," "Company," "we," "our" and "us" refer to Monarch Casino & Resort, Inc. and its Golden Road and High Desert Sunshine, Inc subsidiaries. Table of Contents The decline in revenues for the three months ended June 30, 2009 compared to the same period of the prior year reflect the effects of a challenging operating environment. As in many other areas around the country, the economic slowdown in Reno in the fourth quarter of 2007 deepened throughout 2008 and has continued through the first six-months of 2009. Additionally, aggressive marketing programs by our competitors that began in 2008 have continued thro...Click here to read the whole Article (external link)
Monarch Casino Reports 2009 Third Quarter Results
RENO, NV--(Marketwire - 10/21/09) - Monarch Casino & Resort, Inc. (NASDAQ:MCRI - News) (the "Company"), owner of the Atlantis Casino Resort Spa (the "Atlantis") in Reno, Nevada, today announced results for the quarter ended September 30, 2009. The Company reported net revenue of $34.8 million, 10.3% lower than the $38.8 million reported for the comparative quarter in 2008. The Company announced quarterly income from operations of $3.6 million, EBITDA(1) of $6.6 million and diluted EPS of $0.13 which represent decreases of 41.9%, 22.3% and 48.0%, respectively, when compared to the prior year's third quarter. Revenue generated in the casino and food and beverage departments decreased by 11.7% and 9.8%, respectively, while revenue from the hotel department remained flat.As a percentage of casino revenue, casino operating expense of 36.6% is consistent with the prior year's third quarter of 36.2%. Operating expense in the food and beverage department as a percentage of revenue improved to 48.2% for the third quarter as compared to 49.3% in the third quarter of the prior year, driven primarily by lower food and other commodity prices. Hotel operating expense as a percentage of revenue increased to 34.8% from the 31.5% reported in prior year's third quarter due to an increase in operating expense of $211 thousand related primarily to costs incurred as part of the Company's ongoing hotel facilities upgrade project.The Company reported that selling, general and administrative expense decreased by $529 thousand, or 4.2%, primaril...Click here to read the whole Article (external link)
Picking Winners in the Casino Sector
Casino stocks are a tough bet in this market, but the sector has gotten a lot cheaper over the last month. The outlook for the casino sector remains hazy, but a handful of players have managed to eek out gains amid the confusion. Over the last week, Penn National Gaming (NASDAQ: PENN - News) is among only three casino stocks to stay positive, despite missing estimates for Q3 earnings. Penn's third-quarter net income was $21.4 million, or 20 cents a share. After adjusting for certain expenses, the company's EPS was 33 cents for the period, two cents below estimates. Revenue picked up on improved gaming numbers, but also missed the Street's expectations.Penn lowered its full year profit guidance to $1.01 per share from $1.27 a share, which was already below analyst estimates. Still, investors seem pleased with the news, sending shares higher by 5%.As a whole, the Casino Stocks Index is up by 1.5% today. It is now underperforming the S&P 500 by -9% over the last month.Other weekly winners include Pinnacle Entertainment (NYSE: PNK - ...Click here to read the whole Article (external link)
Scary Sell-Off For Casino Investors
Betting on the house got investors crushed on Tuesday. Wynn Resorts (NASDAQ: WYNN - News) made an adjusted $34.2 million in the third quarter or 33 cents a share. That's more than double the average 15-cent EPS estimate of analysts. Still, shares are selling off by -10% today, as investors pay more attention to continued weakness in gambling.Associated Press, Wynn saw improvements in room, food and beverage, and entertainment and retail during Q3, but gaming revenue slipped as would-be players eyed spending.As a whole, the Casino Stocks Index is off by over -4% today. The Index has now underperformed the S&P 500 by -15% over the last month.Boyd Gaming (NYSE: BYD - NewsAP.The negativity surrounding weak gambling revenues is weighing on other major casino operators today. Las Vegas Sands (NYSE: ...Click here to read the whole Article (external link)
New Star Analyst Rankings for Monarch Casino & Resort, Inc.
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...Click here to read the whole Article (external link)
MONARCH CASINO & RESORT INC Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for MONARCH CASINO & RESORT INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MONARCH CASINO & RESORT INC 21-Oct-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for inform...Click here to read the whole Article (external link)
MONARCH CASINO & RESORT INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue34,846 34,455 32,579 32,965 Cost of Revenue15,114 15,750 15,845 16,057 Gross Profit19,732 18,706 16,734 16,908 Operating ExpensesResearch Development - - - - Selling General and Administrative13,112 12,310 11,620 12,447 Non Recurring - - - - Others3,035 3,095 3,181 3,503 Total Operating Expenses - - - - Operating Income or Loss3,585 3,301 1,934 959 Income from Continuing OperationsTotal Other Income/Expenses Net36 36 35 37 Earnings Before Interest And Taxes3,621 3,337 1,969 996 Interest Expense487 571 550 456 Income Before Tax3,134 2,766 1,419 540 Income Tax Expense1,097 968 497 130 Minority Interest - - - - Net Income From Continuing Ops2,038 1,798 922 410 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounti...Click here to read the whole Article (external link)
MONARCH CASINO & RESORT INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Monarch Casino & Resort, Inc., through its wholly-owned subsidiary, Golden Road Motor Inn, Inc. ("Golden Road"), owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada (the "Atlantis"). Monarch's other wholly owned subsidiary, High Desert Sunshine, Inc., owns a parcel of land located adjacent to the Atlantis. Monarch was incorporated in 1993 under Nevada law for the purpose of acquiring all of the stock of Golden Road. The principal asset of Monarch is the stock of Golden Road, which holds all of the assets of the Atlantis. Our sole operating asset, the Atlantis, is a hotel/casino resort located in Reno, Nevada. Our business strategy is to maximize the Atlantis' revenues, operating income and cash flow primarily through our casino, our food and beverage operations and our hotel operations. We capitalize on the Atlantis' location for tour and travel visitors, conventioneers and local residents by offering exceptional service, value and an appealing theme to our guests. Our hands-on management style focuses on customer service and cost efficiencies. Unless otherwise indicated, "Monarch", "Company", "we", "our" and "us" refer to Monarch Casino & Resort, Inc. and its Golden Road and High Desert Sunshine, Inc. subsidiaries. OPERATING RESULTS SUMMARY Below is a summary of our third quarter results for 2009 and 2008: Amounts in millions, except per share amounts Table of Contents Operating margin 8.6 % 12.7 % (4.1 )pts. The decline in revenues for the three months ended September 30, 2009 compared to the same period of the prior year reflect the effects of a challenging operating environment. As in many other areas around the country, the economi...Click here to read the whole Article (external link)
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