Monarch Casino & Resort, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 19, 2022 at 04:03 pm EDT
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Monarch Casino & Resort, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 97.69 million compared to USD 81.27 million a year ago. Revenue was USD 133.73 million compared to USD 111.63 million a year ago. Net income was USD 27.49 million compared to USD 22.31 million a year ago. Basic earnings per share from continuing operations was USD 1.45 compared to USD 1.2 a year ago. Diluted earnings per share from continuing operations was USD 1.41 compared to USD 1.15 a year ago.
For the nine months, sales was USD 257.88 million compared to USD 208.44 million a year ago. Revenue was USD 357.33 million compared to USD 284.31 million a year ago. Net income was USD 65.05 million compared to USD 48.62 million a year ago. Basic earnings per share from continuing operations was USD 3.43 compared to USD 2.62 a year ago. Diluted earnings per share from continuing operations was USD 3.33 compared to USD 2.51 a year ago.
Monarch Casino & Resort, Inc. owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (the Atlantis) and the Monarch Casino Resort Spa Black Hawk (the Monarch Black Hawk), a hotel and casino in Black Hawk, Colorado. In addition, it owns separate parcels of land located next to the Atlantis and a parcel of land with an industrial warehouse located between Denver, Colorado, and Monarch Black Hawk. The Atlantis is located approximately three miles south of downtown, which features approximately 61,000 square feet of casino space; 817 guest rooms and suites; eight food outlets; two gourmet coffee and pastry bars and one snack bar; a 30,000 square-foot health spa and salon with an enclosed year-round pool. Monarch Black Hawk features approximately 60,000 square feet of casino space; approximately 1,000 slot machines; approximately 43 table games; a live poker room; a keno counter and a sports book. The resort also includes 10 bars and lounges.
MONARCH CASINO & RESORT, INC. 
