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Companies / Consumer Discretionary / Monarch Casino & Resort, Inc.
MCRI

Monarch Casino & Resort, Inc.

Ticker MCRIRENO, NVFiscal year ends DecemberBook value per share $31.63Diluted shares 18.2M

Monarch Casino & Resort, Inc. operates as a gaming and hospitality company with properties in Nevada and Colorado. The company website is www.monarchcasino.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$545.13M
+4.4% year over year
Last 12 mo $561.96M
23.39%
+5.7 percentage points
Last 12 mo 25.06%
$101.39M
+39.3% year over year
Last 12 mo $114.64M
18.86%
+4.8 percentage points
Last 12 mo 19.88%
Cash & financing
$164.75M
+17.1% year over year
Last 12 mo $173.40M
$128.43M
+37.7% year over year
Last 12 mo $154.30M
—
Was 0.00× a year earlier
18.7M
−1.6% year over year
Last 12 mo 18.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Monarch Casino & Resort, Inc. does

In the company’s own words

Monarch Casino & Resort, Inc. operates as a gaming and hospitality company with properties in Nevada and Colorado. The company website is www.monarchcasino.com.

The company owns and operates two primary gaming resort properties: the Atlantis Casino Resort Spa in Reno, Nevada, and the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The Atlantis features approximately 61,000 square feet of casino space with roughly 1,200 slot machines and 33 table games, along with 817 guest rooms and suites, eight restaurants, two gourmet coffee bars, a 30,000 square-foot health spa and salon, an 8,000 square-foot family entertainment center, and approximately 52,000 square feet of banquet and convention space. The property is uniquely positioned as the only hotel-casino physically connected to the Reno-Sparks Convention Center via an enclosed skywalk.

The Monarch Black Hawk property encompasses approximately 60,000 square feet of casino space with roughly 1,000 slot machines and 43 table games, 516 guest rooms and suites, four dining options including a fine-dining steakhouse, ten bars and lounges, a spa and pool facility, and a nine-story parking structure. The property is strategically located at the entrance to Black Hawk, positioning it as the first gaming facility encountered by visitors from Denver.

As of December 31, 2025, Monarch employed approximately 2,740 employees across both properties. The company's business strategy focuses on maximizing revenues, operating income, and cash flow through casino, food and beverage, and hotel operations. Both properties offer mobile sports betting applications available to patrons within their respective states. The company also owns separate parcels of land adjacent to the Atlantis and maintains ownership of Chicago Dogs Eatery, Inc. and Monarch Promotional Association Inc. Capital expenditures totaled $37.2 million in 2025, primarily directed toward hotel room upgrades, restaurant renovations, gaming equipment acquisition, and ongoing capital maintenance at both properties.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Services
Headquarters
RENO, NV
Fiscal year end
December
CIK
907242
SIC
7011

Financial performance, year by year

Fiscal 2013–2025 · USD
$-56.20M$112.39M$280.98M$449.57M$618.16M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Monarch Casino & Resort, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

306
funds hold it
0 of 35
superinvestors hold it
$777.29M
held by funds, at market
34.0%
of shares held by funds

Largest fund holders · Monarch Casino & Resort, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.09%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.21%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
FULLERTHALER BEHAVIORAL SMALL CAP EQUITY
FTHNX · Capitol Series Trust
0.34%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Monarch Casino & Resort, Inc. and its peers compare on margins and cash generation over ten years?”
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