Monarch Casino & Resort Inc. (NASDAQ:MCRI) owns and operates the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Riviera Black Hawk Casino in Black Hawk, Colorado. At its current valuation, we believe that expansion efforts will eventually pay off, for both the company and its shareholders. We base this assertion on Monarch's ability to find and develop prime real estate, utilize its niche of pricing power, and maintain its strong fundamentals.
The Atlantis is located approximately three miles south of downtown in the generally more affluent area of Reno, Nevada, making it a prime real estate property.
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The Atlantis features approximately 61,000 square feet of casino space, 824 guest...
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