casinos and property black hawk colorado

Monarch does not conduct earnings calls with investors. By comparison, the company had a loss of $4.3 million, 24 cents a share, on revenue of $15.2 million for the same quarter a year earlier. In a release, the company reported net income of $18.1 million, 93 cents a share, on revenue of $97.7 million for the quarter that ended June 30. Labor market constraints continue to be our major challenge at both properties.”

“We also believe that the pent-up demand is impacting the revenue growth, along with the federal government’s recurring stimulus. “The two markets are experiencing rapid population growth and healthy economic fundamentals that are propelling demand for our market leading properties,” Farahi said. “Our second quarter financial results highlight continued market share gains in both Black Hawk and Reno,” John Farahi, co-chairman and CEO of Monarch, said in a release. Atlantis Casino Resort Spa in Reno (Google Street View)Ī small Reno-based casino company with assets in Nevada and Colorado on Wednesday announced record earnings results for the quarter that ended June 30.Įxecutives with Monarch Casino and Resort Inc., which operates the Atlantis in Reno and Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado, said in a release that Reno’s hot economy and an increase in betting limits in Colorado in May contributed to the company’s success.

Casinos and property black hawk colorado