Monarch Casino & Resort, Inc. (MCRI) SEC Filings & Earnings Calls

Labor cost and wage inflation pressure

“the tight employment environment has created labor challenges, including wage inflation, which we continue to actively manage.” · word for word

Increased competition from California tribal gaming and aggressive promotions

“we are facing increased competition from the continued growth of California tribal gaming and an extremely competitive promotional environment in Northern Nevada.” · word for word

Construction litigation and related costs

“We recognized $0.4 million and $0.9 million for the three months ended June 30, 2026, and 2025, respectively, in professional service fees relating to our construction litigation. In the second quarter of 2026, we accrued $1.1 million in interest on the PCL judgment that we are disputing.” · word for word

F&B operating expense ratio increased to 72.9% from 70.3% due to labor and product cost inflation.

“F&B operating expense as a percentage of F&B revenue increased to 72.9% from 70.3% due to increases in labor and product cost per cover.” · word for word

Labor cost pressure

“the tight employment environment has created labor challenges, including wage inflation, which we continue to actively manage.” · word for word

Competitive pressure

“we are facing increased competition from the continued growth of California tribal gaming and an extremely competitive promotional environment in Northern Nevada.” · word for word

Construction litigation

“We recognized $0.3 million and $0.4 million for the three months ended March 31, 2026 and 2025, respectively, in professional service fees relating to our construction litigation.” · word for word

No significant risks identified; strong balance sheet with no debt on credit facility.

“no borrowings against its credit facility” · word for word

Gaming regulatory risk

“The Colorado Division of Gaming (the “Colorado Regulatory Authorities”) also requires a finding of suitability for each director by the Colorado Regulatory Authorities.” · word for word

Related party transaction risk

“The shopping center adjacent to the Atlantis (the “Shopping Center”) is owned by Biggest Little Investments, L.P. (“BLI”). John Farahi and Bob Farahi...beneficially own limited partnership interests in BLI.” · word for word

Litigation liability

“We expect that the Company’s cash position in the next quarters may be negatively impacted by the outstanding payments related to the Monarch Black Hawk Expansion project litigation and the judgment of $74.6 million issued February 14, 2025, which are included in Current Liabilities on the balance sheet as of December 31, 2025 and December 31,2024.” · word for word

Litigation risk from PCL Construction dispute; accrued $7.0M in Q4 2025 for interest and legal costs.

“Net income negatively impacted by $7.0M from litigation-related expenses”

Construction litigation liability

“As of September 30, 2025, the Company has $76.5 million in liability related to the PCL litigation” · word for word

Labor cost pressure

“the tight employment environment has created labor challenges, including wage inflation, which we continue to actively manage” · word for word

Competitive pressure

“we are facing increased competition from the continued growth of California tribal gaming and an extremely competitive promotional environment in Northern Nevada” · word for word