Monarch Casino & Resort Inc (NASDAQ: MCRI) is a casino resort company that owns and operates the Atlantis Casino Resort Spa in Reno, Nevada. Revenue comes from gaming, hotel accommodations, food and beverage, and spa services at a single integrated resort property. The Atlantis operates 24 hours a day, every day of the year, with business concentrated in the Northern Nevada regional casino market. The property includes 817 hotel rooms across three contiguous high-rise towers, with more than 100 suites, a full-service salon, multiple pools, and a climate-controlled glass enclosure. The company targets high-end casino players through above-average slot payout rates relative to other Northern Nevada casinos and extends gaming credit following credit history evaluation. Business is seasonal, with higher revenues during summer months and lower revenues during winter months.

Revenue model

Transactional revenue across gaming (slots, table games), hotel room nights, food and beverage outlets, spa and salon services, all generated at the single Atlantis Casino Resort Spa property in Reno, Nevada.

Products and services

Casino gaming (slot machines with above-average payout rates relative to Northern Nevada peers, table games, gaming credit extension); hotel accommodations (817 rooms including 100+ suites across three high-rise towers, with premium top-floor rooms featuring restricted elevator access and private concierge); spa and salon services (The Salon at Atlantis, full-service hair, nails, and skincare); indoor and outdoor swimming pools and whirlpool facilities.

Customers and end markets

Regional and destination casino guests, with a focus on high-end players targeted through premium amenities and gaming credit. End market is leisure and hospitality with a Northern Nevada geographic draw. Demand is seasonal, peaking in summer months.

Value-chain role

Integrated casino resort operator. Owns and operates the physical property, gaming floor, hotel, food and beverage, and spa under one roof. No disclosed third-party management contracts or franchised properties.

Geographic exposure

Single property located in Reno, Nevada. Northern Nevada regional casino market.

Source: SEC 10-K, filed 2026-02-24

Industry: Hotels & Motels Peers: Accel Entertainment Inc AUTOTOTE CORP Bally's Corp Boyd Gaming Corp Rush Street Interactive, Inc. Everi Holdings Inc. Golden Entertainment Inc Las Vegas Sands Corp PENN Entertainment Inc Red Rock Resorts Inc