Monarch Casino: Brilliant Execution Has Rewarded Longtime Holders, But What's Next?

Howard Jay Klein
Investing Group Leader

Summary

  • Monarch Casino & Resort, Inc. has successfully expanded its presence in the casino market, with properties in Reno and Black Hawk, targeting markets with population growth and lifestyles.
  • The company has a strong balance sheet and a focus on providing superior customer service, rewarding long-time shareholders with genuine increases in yield.
  • Monarch's expansion strategy may include adding room towers to its existing properties or seeking acquisitions with similar profiles, such as Full House Resorts. The stock has the potential to break through its current range and move above $70.

Aerial view of Denver downtown Colorado USA

pawel.gaul

Above: Metro Denver, a major feeder market.

Exclusive to our Investing Group members

  • We've tracked this winner since 2016 as an example of how disciplined management and a strong customer service ethos reward shareholders. Its strategy is simple: Thrive in markets

The House Edge is widely recognized as the only marketplace service on the casino/gaming/online sports betting sectors, researched, written and available to SA readers by Howard Jay Klein, a 30 year c-suite veteran of the gaming industry. His inside out information and on the ground know how benefits from this unique perspective and his network of friends, former associates and colleagues in the industry contribute to a viewpoint has consistently produced superior returns. The House Edge consistently outperforms many standard analyst guidance with top returns.

According to TipRanks, Klein rates among the top 100 gaming analysts out of a global total of 10,000.

This article was written by

Howard Jay Klein
6.52K Followers

Howard Jay Klein has 30 years of experience as an executive and consultant in major casino operations. His background includes: Ballys, Trump Taj Mahal, Mohegan Sun, and Caesars Palace in Las Vegas. He is a value investor first, using management quality to inform his investment ideas. Howard is the leader of the investing group The House Edge where he shares actionable research for investing in the casino, online betting and entertainment industries. His intelligence network is extensive throughout the US gambling and entertainment sectors from customer facing employees, to mid-management to csuite senior managers and boards.

His model portfolio is reviewed monthly.

Features of include: actionable analysis on gaming companies, news and interpretation for the latest trends in gaming, a regular newsletter, buy-sell-hold or accumulate recommendations, chat. Learn More.

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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