Monarch Casino reports Q4 EPS $1.36, consensus $1.12

Reports Q4 revenue $134.51M, consensus $128.63M. The company said, “Monarch ended 2024 with record financial results in both the fourth quarter and full year. Fourth quarter net revenue and adjusted EBITDA were $134.5 million and $47.3 million, respectively, resulting in a record fourth quarter EBITDA margin of 35.1%. Our performance in the fourth quarter and full year clearly underpins the effectiveness of Monarch’s operating strategies and our ability to drive sustained growth. Monarch Black Hawk continues to grow market share and increase revenue across all its business segments. The property benefited from its position as the premier resort casino in Colorado. Our luxury resort offerings and exceptional service continue to attract and retain mid-to-upper tier guests from the Denver and Boulder metro areas. In Reno, Atlantis is near the completion of approximately $100 million in capital investment in the redesign and upgrade of the property’s hotel rooms. We anticipate that the last stage of the project, which includes work on the remaining 246 hotel rooms, will be completed in phases by the second quarter of 2025. To introduce our new luxury’ hotel rooms to the public, we are launching a “Once is All it Takes” brand campaign. We continue to focus on implementing new technologies and processes across the property, which we believe will be financially rewarding over the long-term.”