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Monarch Casino & Resort, Inc. - MCRI STOCK NEWS

Welcome to our dedicated news page for Monarch Casino & Resort (Ticker: MCRI), a resource for investors and traders seeking the latest updates and insights on Monarch Casino & Resort.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Monarch Casino & Resort's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Monarch Casino & Resort's position in the market.

Rhea-AI Summary
Monarch Casino & Resort, Inc. (Nasdaq: MCRI) reported record first-quarter 2024 financial results with net revenue of $121.7 million, a 4.3% increase from the prior year. Adjusted EBITDA reached $38.5 million, up 5.7%. The company declared a cash dividend of $0.30 per share, payable on June 15, 2024. CEO John Farahi highlighted revenue growth at Monarch Black Hawk and ongoing property enhancements at Atlantis. The company remains focused on operational efficiency, capital investments, and potential M&A transactions to drive long-term value for stockholders.
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Monarch Casino & Resort, Inc. (MCRI) will release its 2024 first quarter financial results on April 17, 2024.
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-1.93%
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conferences earnings
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Rhea-AI Summary
Monarch Casino & Resort, Inc. (MCRI) reported a 6.3% increase in net revenue for the fourth quarter of 2023, reaching $128.2 million. However, net income decreased by 18.9% to $18.2 million, and adjusted EBITDA rose by 3.4% to $43.0 million. The company declared a cash dividend of $0.30 per share payable on March 15, 2024.
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-0.06%
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Monarch Casino & Resort, Inc. (MCRI) will release its 2023 fourth quarter financial results on February 14, 2024, after the market closes.
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0.78%
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conferences earnings
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Rhea-AI Summary
Procurant (MCRI) provides food safety solutions to Monarch Casino & Resort, Inc. in Nevada and Colorado. Monarch uses Procurant Sense for wireless temperature monitoring and Procurant Task for digital food safety management, ensuring quality and consistency in their foodservice facilities.
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-0.45%
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Monarch Casino & Resort, Inc. reports operating results for Q3 2023 and declares cash dividend of $0.30 per share
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-5.68%
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Monarch Casino & Resort to release Q3 financial results on October 18, 2023
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-1.15%
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conferences earnings
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Spa Monarch ranks 4th in nationwide competition for best hotel spa
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0.42%
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-4.97%
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Rhea-AI Sentiment
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-0.16%
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conferences earnings
Monarch Casino & Resort, Inc.

Nasdaq:MCRI

MCRI Rankings

MCRI Stock Data

1.33B
13.19M
30.35%
64.36%
2.31%
Casinos (except Casino Hotels)
Arts, Entertainment, and Recreation
Link
US
Reno

About MCRI

monarch casino & resort, inc., through its subsidiaries, owns and operates the atlantis casino resort spa, a hotel/casino facility in reno, nevada. it also owns and operates the monarch casino black hawk in black hawk, colorado. as of march 11, 2020, the company's atlantis casino resort spa featured approximately 61,000 square feet of casino space; 818 guest rooms; 8 food outlets; 2 gourmet coffee and pastry bars; 1 snack bar; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space. its atlantis casino resort spa also featured approximately 1,450 slot and video poker machines; approximately 37 table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge; and a poker room. in addition, the company's monarch casino black hawk featured