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Monarch Casino Black Hawk

Month Ended March 31,. The casino features approximately 1, slot and video poker machines; approximately 37 table games, including blackjack, craps, roulette, and others; a race and sports book; a hour live keno lounge; and a poker room. Subscribe via RSS. This measure enables comparison of the Company's performance over multiple periods, as well as against the performance of other companies in our industry that report Adjusted EBITDA, although some companies do not calculate this measure in the same manner and, therefore, the measure as presented may not be comparable to similarly titled measures presented by other companies. Treasury stock, , shares at March 31, ; , shares at.{/INSERTKEYS}{/PARAGRAPH} The states of Colorado and Nevada have not yet provided clear dates or guidelines for the reopening of casinos in such states. Additional information concerning potential factors that could adversely affect all forward-looking statements, including the Company's financial results, is included in our Securities and Exchange Commission filings, including our most recent annual report on Form K and quarterly reports on Form Q, which are available on our website at www. Three months ended March 31,. Budget Cost. Two Months Ended. Adjusted EBITDA should not be construed as an alternative to operating income as determined in accordance with US Generally Accepted Accounting Principles , as an indicator of the Company's operating performance, as an alternative to cash flows from operating activities as determined in accordance with US GAAP or as a measure of liquidity. We are also working diligently to preserve our liquidity and to best position the Company and our properties for renewed long-term success once the COVID threat passes to the point where reopening will be allowed and ultimately when more 'normal' operations are permitted and are prudent. Three Months Ended March 31,. We continue to plan for a phased opening of the expanded casino resort, depending in substantial part, on the length and conditions of the state mandated closure. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, without limitation:. This strong early performance was driven by an increase in spending per visit, as well as a continued increase in market share at both locations. Monarch Logo. Casino operating expense as a percentage of casino revenue decreased to Food and beverage operating expense as a percentage of food and beverage revenue increased to Hotel operating expense as a percentage of hotel revenue increased to Net income for the first quarter of decreased The Company will update the timetable for the soft opening of these portions of the resort, the grand opening date for the entire expansion and the remaining work on the existing facility as it becomes available. Further, we are in continuing discussions with our lenders regarding additional steps under our amended credit facility that we may request in light of the ever-changing circumstances. Register Sign In. Furthermore, the Company believes its sources of liquidity will allow it to bridge to the resumption of operating cash flows, which will further fund ongoing capital expenditures for the Atlantis in Reno. Weighted average number of common shares and potential common shares outstanding. While our principal efforts are aimed at reducing monthly cash burn, we are also using this time to invest in preventative maintenance at both of our properties. The Atlantis features approximately 61, square feet of casino space; guest rooms; eight food outlets; two espresso and pastry bars; a 30, square-foot health spa and salon with an enclosed year-round pool; two retail outlets offering clothing and traditional gift shop merchandise; an 8, square-foot family entertainment center; and approximately 52, square feet of banquet, convention and meeting room space. March 31, December 31, Cash and cash equivalents. The Monarch Casino Black Hawk features approximately 30, square feet of casino space; approximately slot machines; 14 table games; a seat buffet-style restaurant; a snack bar and a new nine-story parking structure with approximately 1, spaces, plus additional existing valet parking bringing total parking capacity to 1, spaces. {PARAGRAPH}{INSERTKEYS}In an effort to contain the virus, on March 16 th the state of Colorado mandated a temporary shutdown of all casinos including Monarch Casino Black Hawk and on March 17 th the state of Nevada mandated the temporary closure of all casinos including Atlantis Casino Resort Spa in Reno. Once completed, the Monarch Casino Black Hawk expansion will nearly double the casino space and will add a story hotel tower with approximately guest rooms and suites, an upscale year-around spa and pool facility, three restaurants bringing the total to four restaurants , additional bars, and associated support facilities. GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public. The COVID outbreak has slowed some of our efforts, and we do not yet have a definitive timeline for the property opening. Most importantly, once the temporary shutdowns end, the entire Monarch team looks forward to welcoming our valued guests back to Atlantis and the new and exciting Monarch Casino Resort Spa Black Hawk. Our entire team received two weeks of regular pay after our operations were suspended and subsequently all team members not working were placed on unpaid furlough, while keeping their employee benefits. Subscribe via ATOM. Less accumulated depreciation and amortization. Monarch is in continuing discussions with its lenders regarding additional steps under the amended credit facility that may be requested in light of the ever-changing circumstances. Casino, food and beverage, and hotel revenues decreased 6. Email Print Friendly Share. Estimated Completion Date. Actual results and future events and conditions may differ materially from those described in any forward-looking statements. Formats available: Original Medium Small. For additional information on Monarch, visit Monarch's website at www. Total Spent Through March 31, Left to Spend.