Although revenue and cash flow for Monarch Casinos & Resorts were slightly higher, profits at the company shot up dramatically in the second quarter of 2026. On July 20, Monarch reported profits of $32.5 million, a 20.4 percent increase.
Revenue for Monarch hit $142.6 million, up 4.2 percent. Cash flow of $53 million was 3.3 percent higher.
Company leadership, in a press release, disclosed that Monarch “has been diligently evaluating potential M&A transactions, which it believes could drive additional long-term value for stockholders.” No further details were vouchsafed.
Monarch management credited increased profitability on “excess tax benefit on stock options compensation, resulting in a lower effective tax rate.” According to CEO John Farahi, casino win, hotel revenue, and food and beverage were all up in the quarter as well.
Casino revenue for Monarch rose 2.5 percent, while F&B grew 3.1 percent and hotel revenue garnered 13 percent more. The latter was attributed to more available rooms at Monarch’s Atlantis resort in Reno, as well as to a greater amount of convention trade.
“Monarch delivered record second-quarter financial results,” Farahi said in a prepared statement. Even an increase in employee-benefit expenses didn’t deter profitability, he said, adding, “The second-quarter revenue and adjusted EBITDA growth highlight our ability to drive sustained growth from our two properties.”
Monarch ended the second quarter with no debt and $138.3 million on hand. Capex of $5 million was paid for out of cash flow, as was a $5.4 million stock dividend.
