That compares with net income of $23.7 million, $1.25 a share, on revenue of $184.4 million in 2020. That compares with net income of $15.3 million, 88 cents a share, on revenue of $58.4 million for the same quarter a year earlier.įor the full year, Monarch reported net income of $68.5 million, $3.53 a share, on revenue of $395.4 million. 31, Monarch reported net income of $19.9 million, $1.02 a share, on revenue of $111.1 million. “We remain extremely bullish on the trajectory of the property’s performance.”įor the quarter that ended Dec. “We continue to gain noticeable market share and attract high-value players from across Colorado’s Front Range, who had previously traveled to other markets, such as Las Vegas, for a high-end casino entertainment experience,” he said. In the coming days, we expect to debut a new specialty restaurant, which will provide our guests with an outstanding dining experience while increasing restaurant seating capacity at the property by approximately 35 percent.” “In mid-December 2021, we opened an all-new sports book, lounge and bar along with additional casino space within the legacy facility. “Our Monarch Black Hawk operations continued to ramp up in the fourth quarter,” said John Farahi, co-chairman and CEO of Monarch, which operates Reno’s Atlantis resort. Higher betting limits in Colorado helped drive record revenue growth for Reno-based Monarch Casino & Resort Inc., but new COVID-19 variants prevented profits from being even higher.

The Atlantis Casino Resort Spa in Reno, Nev., on Thursday, March 15, 2018.

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