Atlantis Casino Resort Spa
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Monarch Casino and Resort, Inc. To Ring Nasdaq Stock Market Opening Bell
Parent company of Atlantis celebrates quarterly earnings record
Reno, NV – Monarch Casino and Resort, Inc. (Nasdaq: MCRI) will be ringing the Nasdaq opening bell Monday, May 10 in a virtual event that will be streamed online and on the Nasdaq Tower in New York City’s historic Times Square. The iconic bell ringing ceremony, hosted by a Nasdaq senior executive, will give Monarch the opportunity to showcase the company while celebrating milestones and achievements at its award-winning properties: Reno-based Atlantis Casino Resort Spa and Monarch Casino Resort Spa in Black Hawk, Colorado.
Last week, Monarch reported an all-time high net revenue of $75 million for the first quarter of 2021, a 46.9% increase from the first quarter of 2020.
“Our overall first quarter performance demonstrated Monarch’s success in capturing a higher share of the pent-up demand that seems evident across the gaming industry – particularly in regional gaming markets,” said John Farahi, Co-Chairman and CEO of Monarch. “As the recovery momentum builds over the course of 2021 and into 2022, we believe that our Reno and Black Hawk markets will enable us to generate strong returns. At the same time, we continue to reduce leverage and further improve our balance sheet, positioning the company to evaluate and pursue attractive acquisition opportunities that can drive long-term growth and enhance stockholder value.”
Colorado’s Amendment 77, which was passed last November and went into effect May 1st, allows unlimited single bets and the addition of new casino games such as baccarat and keno. The new amendment gives Monarch Casino Resort Spa the ability to offer guests an elevated gaming experience.
“Given the overwhelming response to our new resort, we believe that Monarch Casino Resort Spa has already established itself as a premier destination gaming resort in the state and we are confident in our ability to take an outsized share of the market growth anticipated from the Amendment 77-driven changes,” said Farahi.
Monday’s opening bell ceremony will be streamed live from 6:15 am to 6:30 am PT at https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
An on-demand version of the ceremony will be available afterwards at http://www.facebook.com/nasdaq.
To obtain a high-resolution photo of the ceremony, visit https://www.nasdaq.com/marketsite/bell-ringing-ceremony and click on the market open of your choice.
About Atlantis Casino Resort Spa
The Atlantis features approximately 61,000 square feet of casino space; 818 guest rooms and suites; eight food outlets; two gourmet coffee and pastry bars; a 30,000 square foot health spa and salon with an enclosed year-round pool; two retail outlets offering clothing and traditional gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention and meeting room space. The casino features approximately 1,400 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. Visit www.atlantiscasino.com for more information.
About Monarch Casino Resort Spa
Monarch Casino Resort Spa, upon completion of its legacy building redesign in 2021, will feature approximately 60,000 square feet of casino space; approximately 1,200 slot machines; and approximately 40 table games. A sports lounge, keno counter and poker room are expected to open later in 2021. The resort also includes 10 bars and lounges, as well as four new dining options including a twenty-four-hour full-service restaurant, 250-seat buffet-style restaurant, the Monarch Chophouse (a fine-dining steakhouse), and a specialty restaurant which is expected to open later in 2021. The resort offers 516 guest rooms and suites, banquet and meeting room space, a retail store, a concierge lounge and an upscale spa and pool facility located on the top floor of the tower. The resort is connected to a nine-story parking structure with 1,350 parking spaces, and additional valet parking, with total property capacity of approximately 1,500 spaces. Visit www.monarchblackhawk.com more information.
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