Monarch Casino reports record revenue for Q3
The operator has seen revenue increase 86.5 per cent year-on-year, from $59.8m to $111.6m.
US.- Monarch Casino and Resort has reported record financial results for the third quarter. Revenue was up 86.5 per cent year-on-year from $59.8m to $111.6m, and up 70.2 per cent from $65.5m in 2019.
The company owns and operates the Atlantis Casino Resort Spa, in Reno, Nevada, and the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. For the nine-month period ending September 30, revenue reached $284.3m, which represents a 125.6 per cent increase from $126m in the same period in 2020.
John Farahi, co-chair and chief executive officer of Monarch, said: “Monarch again delivered record financial results as our third quarter benefited from the strong ongoing pandemic recovery, economic and population growth in Denver and Reno, and the notable impact of the removal of betting limits in Colorado.
“Our focus on operational excellence and market-leading amenities has enabled us to leverage these tailwinds and drive consistent growth. Labour shortages and wage pressure, as well as supply chain constraints and price inflation, remain headwinds.
“Atlantis operation in Reno was impacted by unhealthy air quality from the California fires and Nevada’s decision to reinstate indoor mask mandates.”
See also: Monarch: June results “encouraging”
