First quarter results benefited from the phased opening of operations at our newly transformed Monarch Casino Resort Spa Black Hawk, which started in the fourth quarter of 2020. Moreover, we were able to achieve a record first quarter Adjusted EBITDA margin of 30.5%. Our Atlantis and Black Hawk properties, each generated record first quarter high Net revenue and Adjusted EBITDA. John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “Monarch’s first quarter Net revenue and Adjusted EBITDA of $75.0 million and $22.8 million, respectively, were all-time Company highs. (1) Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release. ($ in thousands, except per share data and percentages) (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the first quarter ended March 31, 2021, as summarized below:
RENO, Nev., Ap(GLOBE NEWSWIRE) - Monarch Casino & Resort, Inc.
