Monarch Casino & Resort: Stable Profitability With Acceptable Margins

Pedro Goulart
572 Followers

Summary

  • Monarch Casino & Resort provides gaming, hotel, and hospitality services in the USA through its Atlantis Casino Resort Spa and Black Hawk Resort Spa.
  • Atlantis Casino Resort Spa has the highest payout rates in Northern Nevada, ensuring robust demand.
  • Monarch has expansion plans for its Nevada unit and aims to target the thriving market in the Denver metropolitan area.
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My thesis

Monarch Casino & Resort (NASDAQ:MCRI) was formally established as a registered legal entity in the state of Nevada in 1993. The core of its business is providing gaming, hotel and hospitality services in the USA.

To provide these

This article was written by

572 Followers
Stock analyst, writer (praxeology & Mengerian Theory), accountant, and founder of Goulart Restaurant Stocks—serving up fresh, flavorful investment insights. I also cover casinos and gaming, food companies, consumer discretionary stocks, and IPOs, with a keen eye for hidden gems in micro and small caps.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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