Monarch Casino & Resort (NASDAQ: MCRI) delivered fourth-quarter results late Wednesday. One of the more interesting tidbits to emerge could be the company signaling a willingness to consider mergers and acquisitions.
Currently, the Reno-based regional casino operator owns just two gaming venues — Atlantis in its home city, and a namesake property in Black Hawk, Colo. For how long Monarch’s roster remains that way remains to be seen. But CEO John Farahi says the company has the resources to consider consolidation opportunities.
Our strong balance sheet and free cash flow allows us to continue to invest in our existing operations, while we pursue potential M&A opportunities,” he said in a statement.
Currently, the Reno-based regional casino operator owns just two gaming venues — Atlantis in its home city, and a namesake property in Black Hawk, Colo. For how long Monarch’s roster remains that way remains to be seen. But CEO John Farahi says the company has the resources to consider consolidation opportunities.
Our strong balance sheet and free cash flow allows us to continue to invest in our existing operations, while we pursue potential M&A opportunities,” he said in a statement.