Monarch Casino & Resort reported third-quarter earnings of $27.6 million and revenue of $137.9 million, the company said. Net income was $1.47 per share; the results exceeded analyst estimates cited in the report.
Monarch’s reported results exceeded analyst estimates, providing investors an update on performance at its two casino resorts.
Quarter ended 30 September 2026
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Monarch Casino & Resort reported net revenue of $136.9m for the second quarter of 2025, up 6.8% and a record for the company.
Colorado Governor Jared Polis proposed raising the effective tax rate on the state’s casinos to 23% from 16.1% in his final budget proposal. The proposal estimates $80.2 million in annual revenue from the gaming industry; voters would have to approve a tax increase under the state’s taxpayer bill of rights.
Jefferies analyst David Katz said casino investors should focus on operating efficiency, highlighting earnings per room at Las Vegas Strip operators. Wynn Resorts is expected to generate $180,000 in room-level EBITDA this year, compared with estimated figures of $83,000 for Caesars Entertainment and $77,000 for MGM Resorts International.
Churchill Downs is considering selling nine regional casinos, a process it disclosed with its second-quarter results on 29 July. Truist Securities analyst Barry Jonas said tribal operators and private equity could be interested, while naming Boyd Gaming and Monarch Casino as potential bidders; neither company has publicly expressed interest. The venues may be sold individually or in small groups, and Jonas said a deal is unlikely before later this year.
Churchill Downs is exploring the sale of nine regional casinos, and Truist Securities analysts said several prospective buyers could emerge as the process advances. The company disclosed the plan when it reported second-quarter results on 29 July.
IEQ Capital purchased 8,978 Monarch Casino & Resort shares in Q2 for approximately $1.18m, citing an SEC filing. The holding represents roughly 0.05% of the casino operator.