Monarch Casino & Resort (MCRI)
Runs two regional casino resorts built around gaming, lodging, dining, and spa amenities.
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Operates Atlantis Casino Resort Spa in Reno and Monarch Casino Resort Spa Black Hawk in Colorado, earning primarily from casino gaming, hotel rooms, and food and beverage. Casino gaming supplies most revenue, leaving the business concentrated in two regulated regional markets.
Owns and operates Atlantis Casino Resort Spa in Reno and Monarch Casino Resort Spa Black Hawk in Colorado. Both properties combine casino gaming with hotel rooms, restaurants, bars, spas, pools, and meeting space; sportsbooks and state-limited mobile wagering extend the gaming mix.
Targets local residents, leisure travelers, and convention guests in Reno, while Black Hawk draws from the Denver and Boulder areas. Hands-on property management, customer service, cost control, and recurring upgrades to rooms, gaming equipment, dining, and amenities underpin execution.
Revenue is concentrated in the owned-property base and comes primarily from casino, food and beverage, and hotel operations. Results depend on discretionary travel and gaming demand, labor availability, competitive intensity, and maintaining state and local gaming licenses in Nevada and Colorado.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 21, 2026 | CBRE | Downgrade | ||
| Jul 21, 2026 | Stifel Nicolaus | Target | Target: $97 | Target: $128 |
| Jul 21, 2026 | Wells Fargo | Reiterate | Rating: —Target: $116 | Target: $114 |
| Jul 14, 2026 | Wells Fargo | Reiterate | Rating: —Target: $97 | Target: $116 |
| Jul 2, 2026 | UBS | Target | Target: — | Target: $124 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $138.3M · Total debt $12.8M · Total assets $741.2M · Shareholders' equity $576.8M
- Revenue
- $142.6M
- Operating income
- $21.1M
- Net income
- $32.5M
HistoryDividendAnnual yield
| Institutions | 65.86% | 11.80M shares | |
|---|---|---|---|
| 264 holders · as of Jun 30, 2026 | |||
| Insiders | 18.58% | 3.33M shares | |
| 2 holders · as of Sep 21, 2026 | |||
| Other | 15.56% | 2.79M shares | |
| remainder | |||
17.92M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
John FarahiInsiderdirector, 10 percent owner, officer: CEO | 17.48% | 3.13M | filed Sep 21, 2026 |
BlackRock, Inc.Institution | 11.48% | 2.06M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 3.12% | 558,387 | as of Jun 30, 2026 |
Davenport & Co LLCInstitution | 2.92% | 522,646 | as of Jun 30, 2026 |
State Street CorpInstitution | 2.89% | 517,599 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | John Farahi | director, 10 percent owner, officer: CEO | −5,000 | $124.00 |
| May 28, 2026 | John Farahi | director, 10 percent owner, officer: CEO | −5,000 | $120.84 |
| Mar 16, 2026 | John Farahi | director, 10 percent owner, officer: CEO | −2,000 | $99.00 |
| Mar 10, 2026 | John Farahi | director, 10 percent owner, officer: CEO | −1,000 | $97.43 |
| Feb 9, 2026 | Paul Andrews | director | −6,100 | $26.62 |
- Caesars Entertainment
Direct Reno and Black Hawk casino-resort overlap
- Century Casinos
Colorado and Reno/Sparks casino-hotel overlap
- Full House Resorts
Colorado destination casino and hotel overlap
- Boyd Gaming
Regional casino and Nevada locals benchmark
- PENN® Entertainment
Regional casinos plus sports-betting overlap
- Bally's
Black Hawk casino floor and sportsbook overlap
- Red Rock Resorts
Nevada locals casino-resort operating peer
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Monarch Casino & Resort | $121.50 | +1.37% | $2.15B | 19.2 | 17.5 | 3.8 | +4.2% |
| Caesars Entertainment | $29.69 | +0.12% | $6.04B | — | — | 0.5 | +3.0% |
| Century Casinos | $1.13 | +0.90% | $31.4M | — | — | 0.1 | +0.8% |
| Full House Resorts | $1.95 | +0.52% | $70.4M | — | — | 0.2 | +5.6% |
| Boyd Gaming | $73.73 | +1.58% | $5.27B | 3.2 | 9.9 | 1.3 | +0.0% |
| PENN® Entertainment | $16.85 | +4.46% | $2.16B | — | 11.6 | 0.3 | +5.2% |
| Bally's | $11.36 | +7.58% | $516.9M | — | — | 0.2 | +20.5% |
| Red Rock Resorts | $50.80 | +1.00% | $2.94B | 17.8 | 20.4 | 1.5 | −3.0% |
| Median | 10.5 | 11.6 | 0.3 | +3.0% |