Operator generated record first quarter margin of 35.8 per cent
Monarch Casino Resort, which operates the Monarch Black Hawk in Colorado and the Atlantis Casino Resort in Reno, enjoyed another stellar month with record first-quarter revenues.
John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “Monarch delivered record first quarter financial results. First quarter net revenue and adjusted EBITDA increased year-over-year by 8.9 per cent and 19 per cent, respectively. First quarter adjusted EBITDA margin increased by approximately 300 basis points from 32.8 per cent in the first quarter of 2025 to a record first quarter margin of 35.8 per cent in 2026. The first quarter increases in revenue and adjusted EBITDA highlight our ability to drive sustained growth from our two properties.
“In the first quarter of 2026, we increased market share year-over-year at both Atlantis and Monarch Black Hawk. We are committed to ongoing capital investments, enhancement at both properties and setting the standard for luxury resorts in each market. We remain confident that we have opportunities to increase revenue in both markets, while deploying technology to reduce operating costs.
“We continue to return capital to stockholders through dividends and share repurchases. In the first quarter of 2026, we purchased, in open market transactions, 181,258 shares of Monarch common stock for $17.6 million.”
In the first quarter of 2026, the company generated net revenue of $136.6m compared to $125.4m in the corresponding prior-year period. Casino revenue increased 9.4 per cent compared to the prior year, food and beverage (F&B) increased 5.6 per cent and hotel revenue increased 13.5 per cent, compared to the same prior-year period. F&B and hotel revenues benefited from higher available rooms at Atlantis in the first quarter of 2026 compared to the same period in 2025 and improved convention and groups business during the 2026 first quarter.
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Operator generated record first quarter margin of 35.8 per cent Monarch Casino Resort, which operates the Monarch Black Hawk in Colorado and the Atlantis Casino Resort in Reno, enjoyed another stellar month with record first-quarter revenues. John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “Monarch delivered record first quarter financial results. First quarter…
The post Monarch grows market share in Reno and Blackhawk as first quarter revenues reach new high appeared first on G3 Newswire.