MCRI
Published on 06/06/2025 at 13:17
Annual Stockholders' Meeting
June 6, 2025
Monarch Casino & Resort, Inc. (MCRI) Property Highlights
Atlantis Casino Resort Spa is located in south Reno, three miles south of downtown, a more affluent area, and connected by a bridge to the Reno-Sparks Convention Center
Monarch Casino Resort Spa is the first property encountered by visitors arriving from Denver and other major population centers via Highway 119
Continued ramp up of Monarch Casino Resort Spa, including VIP business development
Ongoing capital investments at Atlantis to ensure it retains its competitive advantage
Potential for development on Atlantis' 40-acre parcel of land
Monarch ranked 79thamong the Top 100 on Forbes' 2025 America's Most Successful
Small-Cap Companies list
No long-term debt
1Q25 LTM Net revenue of $526 million, Adjusted EBITDA1of $183 million and Adjusted EBITDA margin of 34.8% (compared to $506 million Net Revenue; $173 million Adjusted EBITDA; and 34.1% Adjusted EBITDA margin during the previous twelve month period)
Source: Monarch Casino & Resort analysis
EBITDA is adjusted for stock option, pre-opening and construction litigation expenses, and one-time charges.
Company History
Reno, NV
First high-rise tower opens
160 rooms
16,000 square feet of casino space
500 slot machines
21 table games
Additional restaurant
Monarch Casino & Resort, Inc. begins trading as a public company with ticker symbol MCRI
Second high-rise tower opens, adding:
283 rooms
14,000 square feet of casino space
450 slot machines
14 table games
300-seat buffet
restaurant
Third high-rise tower opens, adding:
388 rooms
Over 300 slot machines
Several new
restaurants
14,500 square feet of meeting space
Expansion of the casino including:
Large race and sports book
Poker room
Additional restaurant
(Manhattan Deli)
~38,000 square feet expansion of meeting area
Sky Bridge connecting to convention center
~61,000 square feet of
casino space
2025
Atlantis
Completion of 817 all new guest rooms and suites
817 guest rooms and suites
8 restaurants and 10 bars/lounges
~30,000 square foot health spa and salon
~52,000 square feet of
meeting area
Black Hawk, CO
Acquired gaming license for Riviera Black Hawk
32,000 square feet of
casino space
750 slot machines
8 table games
Acquired contiguous 1.5-acre land parcel
Completed redesign and upgrade of existing casino
Completion of new 9-story parking structure
Hotel tower and casino expansion begins
Expansion and redesign and upgrade of the legacy building completed with the opening of our Sportsbook, Bistro Mariposa, and new High-Limit tables area
~60,000 square feet of casino space
516 guest rooms and
suites
4 restaurants and 10 bars/lounges
World-class spa
Banquet and meeting room space
Atlantis Casino Resort Spa Reno
Atlantis Overview
AAA (2025): "Four Diamond" rating for 14thconsecutive year
restaurants consistently ranked in the city's top 10 (out of more than 1,100)
~1,200 slot and video poker machines
~33 table games; 8 poker tables; 24-hour live keno lounge
Race/sports book (self managed live and mobile app)
817 rooms and suites
8 restaurants, 2 gourmet coffee bars, 10 bars/lounges and 1 snack bar
~52,000 square feet of banquet, convention, and meeting space
Disclaimer
Monarch Casino & Resort Inc. published this content on June 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 06, 2025 at 17:16 UTC.