Monarch reports Q2 revenue of $136.9m and profit of $27m
Monarch Casinos & Resorts reported second-quarter net revenue of $136.9m, up 6.8%, and profit of $27m, up 19.1%, the company said. Casino revenue increased 12.1%, while hotel revenue fell 3.1%; Monarch also reported $12.4m in capital spending and $19.8m in share repurchases funded from cash flow.
Casino growth and lower hotel revenue show investors how Monarch’s business mix shaped quarterly results.