Monarch Casino posts record Q3 2026 revenue of $146.3M. Updated: Oct 28, 2026, 10:33 AM Published: Oct 28, 2026, 10:33 AM Monarch Casino & Resort reported record third-quarter net revenue and adjusted EBITDA, as growth in casino, food and beverage, and hotel revenue at its resorts in Reno, Nevada, and Black Hawk, Colorado, lifted results. Net revenue rose 2.4% to $146.3 million for the quarter ended Sept. 30 from $142.8 million a year earlier, according to Monarch's third-quarter release. Net income increased 1.4% to $32.0 million, adjusted EBITDA rose 2.1% to $56.0 million, and diluted earnings per share climbed 4.1% to $1.76 from $1.69. Casino revenue rose 3.4%, food and beverage revenue increased 1.3% and hotel revenue grew 0.9% from the same period last year. Selling, general and administrative expense rose to $29.0 million from $27.5 million, which the company attributed mainly to higher legal and employee-related costs. "In the third quarter of 2026, Monarch delivered record quarterly net revenue and adjusted EBITDA," said John Farahi, co-chairman and CEO. He said the quarter's adjusted EBITDA margin "remained near record levels at 38.3%." Cash, buybacks and dividends. Monarch ended the quarter with $137.4 million in cash and cash equivalents and no borrowings on its credit facility. During the quarter it bought back 300,859 shares for $37 million and paid $5.3 million in dividends, and it declared another 30-cent quarterly dividend payable Dec. 15. The company said it continues to evaluate potential M&A transactions. Capital expenditures totaled $9.7 million in the quarter, including new gaming equipment at both properties and the purchase of land with a building next to Atlantis. For the first nine months of 2026, net revenue rose 5.0% to $425.4 million and net income increased 17.4% to $92.1 million. Monarch owns the Atlantis Casino Resort Spa in Reno, which has 817 rooms and suites, about 61,000 square feet of casino space and a race and sports book. It also owns Monarch Casino Resort Spa Black Hawk, about 40 miles west of Denver, with 516 rooms and suites, about 60,000 square feet of casino space and a sports book. The release's forward-looking statements note a roughly $74.6 million judgment in favor of PCL Construction Services, the general contractor on the Black Hawk project, which Monarch is appealing. BetMGM also reported third-quarter results this month, RG reported. For online betting options in Monarch's Colorado market, see RG's Colorado sports betting guide.

Monarch achieves record-high net revenue for Q3 with $146.3m, net income totals $32m. The operator's quarterly high revenue was mainly achieved through a 3.4% increase in revenue from Monarch's casino business, which totaled just over $82.8m during Q3 2026. Key Points Net income for Q3 increased 1.4% year-over-year, while Monarch's adjusted EBITDA climbed 2.1% to $56m Food & beverage and hotel revenues also grew during Q3, rising 1.3% and 0.9%, respectively, to $34.3m and $22.7m Monarch's income from operations rose 8.1% to $41.3m, despite operating expenses increasing 0.3% to $105m Monarch Casino & Resort has released the operator's financial results for Q3 2026, having once again set a new quarterly high in net revenue and adjusted EBITDA after witnessing increases of 2.4% and 2.1%, respectively, to $146.3m and $56m. The operator managed to record new quarterly highs in net revenue and adjusted EBITDA during Q4 2025, Q1 2026 and Q2 2026, showcasing a positive trend for recent business strategy. "We remain focused on delivering market-leading offerings and services, while maintaining operational efficiency. We remain committed to technology and other strategic capital investments that enhance both properties and set the standard for luxury casino resorts in Northern Nevada and Colorado," Monarch Co-Chairman and CEO John Farahi said. Monarch net income/loss history - Q3. "The third quarter net revenue and adjusted EBITDA growth highlights our ability to drive sustained growth from our two properties." Alongside the increases in net revenue and adjusted EBITDA for Q3, Monarch reported net income growth of 1.4% to just over $32m. Up to this point in 2026, net income has totaled $92.1m, equating to an increase of 17.4%. The operator's quarterly high revenue was mainly achieved through a 3.4% increase in revenue from Monarch's casino business, which generated $82.8m during Q3. Food & beverage and hotel revenues also grew year-over-year, rising 1.3% and 0.9%, respectively, to $34.3m and $22.7m. Monarch Q3 revenue split. Which sectors accounted for the most revenue during Q3? Monarch's income from operations rose 8.1% to $41.3m during the quarterly period, despite operating expenses increasing 0.3% to $105m. Expenditures for Q3 reached $9.7m, consisting of costs related to ongoing maintenance capital projects, the purchase of new gaming equipment at both properties and the purchase of land with a building adjacent to Atlantis. According to the operator, Monarch will continue to "diligently evaluate" potential M&A transactions, which could drive "additional long-term value" for stockholders if completed. Good to know Monarch Casino & Resort's slot machine change donation program - currently running on equipment developed by IGT - surpassed $1m in donations to various nonprofit organizations in April