Monarch Casino & Resort manages to increase net income by 40.1% during Q4 2024

Monarch Casino & Resort has reported the company’s financial results for the fourth quarter of 2024 and full year (FY), including a net income total of $25.5m during Q4 2024, representing an increase of 40.1% from the prior year period. 

Net revenue for Monarch Casino & Resort was reported to be $134.5m during the fourth quarter of 2024, equating to an increase of 4.9% year-over-year. The company currently operates Monarch Casino Resort & Spa (Monarch Black Hawk) in Black Hawk, Colorado and the Atlantis Casino Resort & Spa in Reno, Nevada. 

Monarch Casino & Resort’s $47.3m adjusted EBITDA figure generated throughout Q4 2024 represents an increase of nearly 10% year-over-year, helping to deliver record financial results for the company during Q4 2024 and FY2024.

“Monarch ended 2024 with record financial results in both the fourth quarter and full year. Fourth quarter net revenue and adjusted EBITDA were $134.5 million and $47.3 million, respectively, resulting in a record fourth quarter EBITDA margin of 35.1%,” Monarch Casino & Resort CEO John Farahi said. 

“Our performance in the fourth quarter and full year clearly underpins the effectiveness of Monarch’s operating strategies and our ability to drive sustained growth.”

Good to know: International Game Technology expanded upon its partnership with Monarch Casino & Resort on August 5, 2024 to further its sports betting footprint in Colorado and Nevada

The increases in revenue, net income and adjusted EBITDA continued throughout FY2024, as the company reported $522.2m in revenue during the period for an increase of 4.1% from the prior year period. 

Net income during FY2024 was reported to be nearly $82.5m, rising by 14.1% year-over-year while adjusted EBITDA increased by 5.6% for a total of $180.4m. 

Kirk Geller

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