logo
Share SHARE
FONT-SIZE Plus   Neg

Monarch Casino & Resort Q1 Profit Modestly Rises - Quick Facts

Monarch Casino & Resort, Inc. (MCRI) reported first-quarter net income of $1.6 million or $0.10 per share, up from $1.5 million or $0.09 in the same period last year.

Net revenues for the latest quarter rose 3.9 percent to $34.6 million from $33.3 million in the year-ago quarter.

The company also noted that it has entered into a definitive stock purchase agreement through its subsidiary, Monarch Growth Inc., to acquire Riviera Black Hawk, Inc., the owner of the Riviera Black Hawk Casino located in Black Hawk, Colorado.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Federal Network Agency (Bundesnetzagentur) has asked parents who bought the popular My Friend Cayla doll to destroy the toy or disable its wireless connection. The Bundesnetzagentur has banned the unauthorized wireless transmitting equipment in a children's toy and has already removed the product... Saudi Arabia is reportedly considering to list its state-run oil behemoth Saudi Aramco in New York Stock Exchange. According to a WSJ report, citing people familiar with the matter, Aramco prefers to float its shares on the NYSE, or in London or Toronto after discussion to list on an Asian stock exchange... Anglo-Australian mining giant BHP Billiton plc reported Tuesday a profit in its first half, compared to last year's hefty loss on sharply lower one charges. Underlying EBITDA, a key earnings metric, climbed 65 percent with higher production and prices. The company further lifted its dividend by 150 percent.
comments powered by Disqus
Follow RTT