3 Ways This Lesser-Known Casino Stock Is Still Winning

Author: Live Casino Direct
 
3 Ways This Lesser-Known Casino Stock Is Still Winning
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Monarch Casino & Resort has two casinos in Black Hawk, Colorado and Reno, Nevada. It has a $1.25 billion valuation. Its third-quarter 2021 earnings report was published on Oct. 25.

Monarch Casino & Resort is seeing a rebound in its business. Its revenue and adjusted earnings before interest, taxes, depreciation, and amortization reached new records. The company's strategic initiatives and business model are being skillfully handled to generate continuing growth.  

Monarch is executing successfully on its opportunities. Its renovation of its Black Hawk facility is proceeding and should be completed on schedule by 2021's end. The company states its current facilities are operating at full capacity. Colorado legislature's May 2021 decision to remove wagering limits on table games has increased the number of gamblers coming to Blackhawk.

Monarch's COO, David Farahi, left the company on Sept. 3. The company replaced him with Michelle Shriver. Monarch is subject to the same economic disruptions as many other U.S. businesses this year. Its operation in Reno was impacted by the California fires and the reinstating indoor mask mandates.

Monarch Casino & Resort is a less-known casino stock. It is profitable and growing both year over year and by a two-year stack comparison. The company is taking advantage of the 2021's casino resurgence. Monarch's Q2 results confirm the earlier signs. The stock is on a trajectory of growth. This article represents the opinion of Rhian Hunt, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service.

Stock Advisor launched in February of 2002. The list price is $199 per year. Since inception, the company has returned an average of 6.673%142%.