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Monarch Casino & Resort, Inc. Reports Fourth Quarter Net Revenue of $45.9 Million and Adjusted EBITDA of $9.5 Million

Monarch Casino  Resort, Inc. (NASDAQ: MCRI) today reported operating results for the fourth quarter and full year ended December 31, 2014, as summarized below.
John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: "We ended 2014 on a strong note, with fourth quarter financial results reflecting healthy revenue performance at both
Atlantis and Monarch Black Hawk.
Despite higher year over year expenses due primarily to increased food and labor costs, the 3% rise in quarterly revenue drove an 8% increase in fourth quarter Adjusted EBITDA to $9.5 million, representing our strongest quarterly growth in 2014.
source: http://www.hotelnewsresource.com/article82328.html