Casino
March 29, 2023
$500K Heist at Monarch Casino in Colorado, Investigation Ongoing
Monarch Casino Spa – Black Hawk in Colorado became the scene of the largest casino heist in the state on March 12 after a cage cashier drove off with $500,000. Cashier Believed She Was Following Orders An inside job or a casino personnel becoming a victim of a well-executed con job – that is for […]
Legal
February 16, 2023
Monarch Casino & Resort to Pay a Fine in Connecticut over Proxy Wagers
Proxy betting is an activity that involves placing a wager on behalf of another person that is from a state where gambling is not legal for example. There are currently regulations that prohibit such bets in some US states, but there are states that also allow the activity such as Nevada, although under specific guidelines. […]
Business
February 15, 2023
Monarch Casino & Resort Posts Strong Q4 and 2022 Results
The company posted its results for 2022 Tuesday, reporting a 20.9% increase in revenue to $477.9 million. This marked a strong performance throughout 2022, considering that in 2021, the operator’s net revenue halted at $395.4 million. A further breakdown revealed that adjusted EBITDA in 2022 hit $167.1 million. This result, when compared to adjusted EBITDA […]
Casino
July 23, 2020
Monarch: Q2 2020 Financial Results Beat Market Consensus
Monarch Casino Resort reported its second quarter financial results Wednesday, posting a $4.3 million net loss for the period ending June 30. The casino operator beat market expectations as the reported loss represents 24 cents per diluted share, but the consensus was it would go above the 62 cent mark. The Reno-based casino operator that […]
