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Stock Market & Financial Investment News

News Breaks
October 5, 2011
05:20 EDTMCRIMonarch announces option to acquire land parcel adjacent to Riviera Black Hawk
Monarch Casino & Resort, owner of the Atlantis Casino Resort Spa in Reno, Nevada, announced that it has entered into an option to purchase 1.5 acres of developable land contiguous to the Riviera Black Hawk casino from the Black Hawk-Central City Sanitation District, or BHCCSD. The Option Agreement may be exercised in the fourth quarter of 2011 for $6.0M plus a $2.3M assessment by the City of Black Hawk for improvements to the street adjacent to the BHCCSD parcel and the Riviera Black Hawk.
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July 24, 2014
16:41 EDTMCRIMonarch Casino reports Q2 EPS 18c, consensus 29c
Reports Q2 revenue $47.8M, consensus $48.5M. The company said, "We are disappointed with our second quarter results as operations were impacted by higher operating expenses and lower revenue at both Atlantis and Monarch Black Hawk. The year over year comparison also reflects a one-time $560,000 accounting benefit in the 2013 second quarter. Atlantis revenue declined as a result of increased promotional activity by our competitors and lower levels of convention and meeting business while ongoing construction disruption impacted our Black Hawk operation."

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