MonarchCasinoResort reported its Q4 2023 results a 6.3% revenue increase compared to Q4 2022, but an 18.9% profit drop. Adjusted EBITDA grew by 3.4%.
Despite challenges, the company issued a $0.30 share dividend. CEO highlighted Q4 records in net revenue ($128.2 million) and adjusted EBITDA ($43 million).
Casino and food/beverage revenue rose, while hotel revenue slightly declined due to Reno competition.
Despite challenges, the company issued a $0.30 share dividend. CEO highlighted Q4 records in net revenue ($128.2 million) and adjusted EBITDA ($43 million).
Casino and food/beverage revenue rose, while hotel revenue slightly declined due to Reno competition.
