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Salary: $, Bonus: $, Bonus: $, RODALE INC BRANDS/​DIVISIONS/AFFILIATES: Riviera Hotel and Casino Black Hawk Casino Riviera.


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Mark B. Lefever, Pres., Riviera Black Hawk, Inc. Tullio J. Marchionne, Exec. Inc. owns and operates the Riviera Black Hawk Casino, a limited- stakes casino, in Black FINANCIALS: Sales and profits are in thousands of dollars—add was not​.


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In Black Hawk, we focused on preserving the player experience by The increase in casino revenue was driven by an increase in gaming volume, partially Casino Black Hawk (formerly Riviera Black Hawk Casino) in


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Consolidated net revenue and net income for the first two months of the year Monarch Casino Black Hawk (formerly Riviera Black Hawk Casino) in The Monarch Casino Black Hawk features approximately 30,


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Riviera Black Hawk, Inc. was renamed Monarch Black Hawk, Inc. and Riviera Black Our Monarch Casino Black Hawk revenues and operating income are.


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Casino, food and beverage, and hotel revenues decreased 6. The Atlantis features approximately 61, square feet of casino space; guest rooms; eight food outlets; two espresso and pastry bars; a 30, square-foot health spa and salon with an enclosed year-round pool; two retail outlets offering clothing and traditional gift shop merchandise; an 8, square-foot family entertainment center; and approximately 52, square feet of banquet, convention and meeting room space. Nasdaq: MCRI "Monarch" or "the Company" today reported operating results for the first quarter ended March 31, , as summarized below:. Economic Calendar. What is asset allocation? The decrease in revenues in all three categories began early in March and was driven by the COVID outbreak, which culminated in temporary shutdown of the Company's casinos and other operations in Reno and Black Hawk. Additional information concerning potential factors that could adversely affect all forward-looking statements, including the Company's financial results, is included in our Securities and Exchange Commission filings, including our most recent annual report on Form K and quarterly reports on Form Q, which are available on our website at www. While our principal efforts are aimed at reducing monthly cash burn, we are also using this time to invest in preventative maintenance at both of our properties. We are also working diligently to preserve our liquidity and to best position the Company and our properties for renewed long-term success once the COVID threat passes to the point where reopening will be allowed and ultimately when more 'normal' operations are permitted and are prudent. Most importantly, once the temporary shutdowns end, the entire Monarch team looks forward to welcoming our valued guests back to Atlantis and the new and exciting Monarch Casino Resort Spa Black Hawk. Our entire team received two weeks of regular pay after our operations were suspended and subsequently all team members not working were placed on unpaid furlough, while keeping their employee benefits. Sign Up Log In. Furthermore, the Company believes its sources of liquidity will allow it to bridge to the resumption of operating cash flows, which will further fund ongoing capital expenditures for the Atlantis in Reno. In an effort to contain the virus, on March 16 the state of Colorado mandated a temporary shutdown of all casinos including Monarch Casino Black Hawk and on March 17 the state of Nevada mandated the temporary closure of all casinos including Atlantis Casino Resort Spa in Reno. Casino operating expense as a percentage of casino revenue decreased to Food and beverage operating expense as a percentage of food and beverage revenue increased to Hotel operating expense as a percentage of hotel revenue increased to Net income for the first quarter of decreased Summarized below is an update on the Company's ongoing upgrade and expansion of Monarch Casino Black Hawk:. The states of Colorado and Nevada have not yet provided clear dates or guidelines for the reopening of casinos in such states. The casino features approximately 1, slot and video poker machines; approximately 37 table games, including blackjack, craps, roulette, and others; a race and sports book; a hour live keno lounge; and a poker room.

The MarketWatch News Department was not involved check this out the creation of this content. The Company will update the timetable for the soft opening of these portions of the resort, the grand opening date for the entire expansion and the remaining work on the existing facility as it becomes available.

The COVID outbreak has slowed some riviera black hawk casino income our efforts, and we do not yet have a definitive timeline for the property opening. Actual results and future events and conditions may differ materially from those described in any forward-looking statements.

Advanced Search Submit entry for keyword results. The Company and its general contractor continue to work with the City of Black Hawk to secure a temporary certificate of occupancy for floors one through five in the building's podium as well read more some floors in the hotel tower.

Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, without limitation:. We believe these actions, the Company's solid cash position, and our modest leverage give us the financial flexibility to manage through the COVID impact and prepare our properties for re-opening and a return to normalized operations.

For additional information on Monarch, visit Monarch's website at www. We continue to plan for a phased opening of the expanded casino resort, depending in substantial part, on the length and conditions of the state mandated closure. Once completed, the Monarch Casino Black Hawk expansion will nearly double the casino space and will add a story hotel tower with approximately guest rooms and suites, an upscale year-around spa and pool facility, three restaurants bringing the total to four restaurantsadditional bars, and associated support facilities.

Further, we are in continuing discussions with our lenders regarding additional steps under our amended riviera black hawk casino income facility that we may request in light of the ever-changing circumstances. Retirement Planner. This strong early performance was driven by an increase in spending per visit, as well as a continued increase in market share at both locations.

CEO Comment. Capital think, super casino wagering requirements opinion during the quarter were funded from the Company's operating cash flows as well as available cash and cash equivalents. No results found.

While the pandemic has presented serious challenges and setbacks for the entire gaming and hospitality industry, we believe the actions we've taken and the quality of our properties in the markets we serve will be key factors in Monarch's long-term success. Adjusted EBITDA should not be construed as an alternative to operating income as determined in accordance with US Generally Accepted Accounting Principles , as an indicator of the Company's operating performance, as an alternative to cash flows from operating activities as determined in accordance with US GAAP or as a measure of liquidity. The Monarch Casino Black Hawk features approximately 30, square feet of casino space; approximately slot machines; 14 table games; a seat buffet-style restaurant; a snack bar and a new nine-story parking structure with approximately 1, spaces, plus additional existing valet parking bringing total parking capacity to 1, spaces. This measure enables comparison of the Company's performance over multiple periods, as well as against the performance of other companies in our industry that report Adjusted EBITDA, although some companies do not calculate this measure in the same manner and, therefore, the measure as presented may not be comparable to similarly titled measures presented by other companies. John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: "The first quarter of was a study in contrasts, with Monarch delivering strong financial performance in the first two months of the quarter followed by a March which demonstrated the impact of the significant operational challenges created by the global spread of the COVID pandemic. Monarch is in continuing discussions with its lenders regarding additional steps under the amended credit facility that may be requested in light of the ever-changing circumstances.