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Colorado: Monarch Casino hit with proposed class action over dealer tips, uniform costs. Wednesday, August 5, 2026 2:33 PM Photo: Monarch Casino Black Hawk (courtesy image) * Ian St. Clair, PlayUSA Email, LinkedIn, and more Colorado's Monarch Casino & Resort is accused of shorting tipped table game dealers through tip-sharing, according to a proposed class-action lawsuit. The casino in Black Hawk is also accused of making employes purchase their uniforms and off-the-clock work allegations. A complaint filed Aug. 3 in Colorado alleges that dealers at Monarch Casino & Resort in Black Hawk were required to hand over part of their tips to supervisors, buy their own uniforms, and perform work before their shifts without pay. The case is Hyde v. Monarch Casino & Resort, Inc. et al., listed as a labor and fair standards matter.
Monarch grows market share in Reno and blackhawk as first quarter revenues reach new high. By Phil Martin - 22 April 2026 11:10 AM - Last updated on 22 April 2026 11:10 AM Operator generated record first quarter margin of 35.8 per cent. Monarch Casino Resort, which operates the Monarch Black Hawk in Colorado and the Atlantis Casino Resort in Reno, enjoyed another stellar month with record first-quarter revenues. John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: "Monarch delivered record first quarter financial results. First quarter net revenue and adjusted EBITDA increased year-over-year by 8.9 per cent and 19 per cent, respectively. First quarter adjusted EBITDA margin increased by approximately 300 basis points from 32.8 per cent in the first quarter of 2025 to a record first quarter margin of 35.8 per cent in 2026. The first quarter increases in revenue and adjusted EBITDA highlight its ability to drive sustained growth from its two properties. "In the first quarter of 2026, G3Newswire increased market share year-over-year at both Atlantis and Monarch Black Hawk. G3Newswire is committed to ongoing capital investments, enhancement at both properties and setting the standard for luxury resorts in each market. G3Newswire remain confident that G3Newswire has opportunities to increase revenue in both markets, while deploying technology to reduce operating costs. "We continue to return capital to stockholders through dividends and share repurchases. In the first quarter of 2026, we purchased, in open market transactions, 181,258 shares of Monarch common stock for $17.6 million." In the first quarter of 2026, the company generated net revenue of $136.6m compared to $125.4m in the corresponding prior-year period. Casino revenue increased 9.4 per cent compared to the prior year, food and beverage (F&B) increased 5.6 per cent and hotel revenue increased 13.5 per cent, compared to the same prior-year period. F&B and hotel revenues benefited from higher available rooms at Atlantis in the first quarter of 2026 compared to the same period in 2025 and improved convention and groups business during the 2026 first quarter. Share via:
HighTower Advisors LLC makes new $258,000 investment in Monarch Casino & Resort, Inc. (NASDAQ:MCRI).
Westwood Holdings Group Inc. acquired a new stake in Monarch Casino & Resort in the first quarter valued at about $2,822,000.
As part of this new collaboration, Monarch Casino & Resort has launched a mobile sportsbook app, Atlantis NV Sports, that utilizes IGT PlaySports technology.
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Industries
Entertainment
Gaming
Company Size
N/A
Company Stage
IPO
Headquarters
Reno, Nevada
Founded
N/A
Find jobs on Simplify and start your career today