Monarch Casino Earns Forbes Recognition as Small Business Leader
Monarch Casino Celebrates Forbes Recognition
Monarch Casino & Resort, Inc. (Nasdaq: MCRI) has recently achieved a prestigious recognition by being named one of America’s most successful small companies by Forbes. This accolade is a significant affirmation of the company’s consistent growth and outstanding service in the highly competitive hospitality and gaming industry.
Significance of the Forbes Recognition
Monarch Casino was ranked 79th on Forbes’ latest list, marking its place among the top performers in the small-cap category. This recognition is not just a one-time achievement; it’s the third time in four years that Monarch has been acknowledged by Forbes, highlighting the team’s dedication to excellence. John Farahi, the Co-Chairman and CEO of Monarch, expressed pride in this accolade, crediting the exceptional service provided to guests as a cornerstone of their success.
Innovation and Growth
Farahi emphasized how reinvestment in their properties has played a crucial role in bolstering Monarch’s market position. By continuously enhancing the luxury offerings and customer experiences at their resorts, Monarch has created a pathway for long-term growth and sustainability.
Monarch's Performance Metrics
Forbes compiled the list using thorough data analysis from FactSet, focusing on numerous performance indicators. Out of 914 companies evaluated, Monarch stood out based on significant metrics such as earnings growth, sales performance, return on equity, and total stock returns over the recent year and preceding five-year period. With a remarkable 52-week return of 34% and reported revenue of $516 million, Monarch demonstrated clear vitality in its business operations.
Profile of the Two Main Properties
Monarch operates two prominent resorts: the Atlantis Casino Resort Spa in Reno and the Monarch Casino Resort Spa in Black Hawk. Each property showcases the company’s commitment to elevating guest experiences with luxurious amenities and entertainment options.
Atlantis Casino Resort Spa
Located in Reno, Nevada, Atlantis features an impressive 817 guest rooms and suites, along with approximately 61,000 square feet dedicated to its casino. Guests can enjoy around 1,200 slot machines and 33 table games, ranging from blackjack to roulette. Dining options abound with several dining outlets, catering to every palate. Furthermore, the property boasts a health spa, family entertainment center, and significant banquet space, making it a premier destination for leisure and corporate events alike.
Monarch Casino Resort Spa
In Black Hawk, Colorado, Monarch Casino Resort Spa offers an exciting gaming atmosphere across its own luxurious 516 guest rooms and an ample casino space of 60,000 square feet. With approximately 1,000 slot machines and 43 table games, visitors have lots of choices for gaming entertainment. The resort doesn’t stop there; it provides an engaging array of dining experiences, including a fine-dining steakhouse and a buffet, in addition to modern spa facilities and an impressive swimming pool area, promising a relaxing getaway amid the beautiful backdrop of the Rocky Mountains.
Contact Information
For more information about Monarch Casino & Resort, Inc., you can reach out to their Communications Manager, Joel Villanueva, at 775-813-5395. Any inquiries can also be sent via email to jvillanueva@atlantiscasino.com.
Frequently Asked Questions
What did Monarch Casino achieve recognition for?
Monarch Casino was recognized by Forbes as one of America's most successful small companies due to its growth and service excellence.
How is the ranking determined by Forbes?
The rankings are based on earnings growth, sales growth, return on equity, and total stock return metrics collected over the past year and five years.
What properties does Monarch operate?
Monarch operates the Atlantis Casino Resort Spa in Reno and the Monarch Casino Resort Spa in Black Hawk, Colorado.
Who can I contact for more information about Monarch Casino?
You can contact Joel Villanueva, the Communications Manager, at 775-813-5395 or via email at jvillanueva@atlantiscasino.com.
What are some highlights of the Atlantis Casino Resort Spa?
Atlantis features 817 guest rooms, 61,000 square feet of casino space, 1,200 slot machines, and several dining options, including a health spa and entertainment center.
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