2020-04-22 16:06:24 MCRI Monarch Casino
04/22/20 04/2216:06 04/22/2016:06 | Monarch Casino reports Q1 EPS 26c, consensus 29cReports Q1 revenue $42.21M, consensus $54.33M. John Farahi, co-chairman and CEO of Monarch, commented: "The first quarter of 2020 was a study in contrasts, with Monarch delivering strong financial performance in the first two months of the quarter followed by a March which demonstrated the impact of the significant operational challenges created by the global spread of the COVID-19 pandemic. In an effort to contain the virus, on March 16th the state of Colorado mandated a temporary shutdown of all casinos including Monarch Casino Black Hawk and on March 17th the state of Nevada mandated the temporary closure of all casinos including Atlantis Casino Resort Spa in Reno. The states of Colorado and Nevada have not yet provided clear dates or guidelines for the reopening of casinos in such states." | |
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