Monarch Casino & Resort Announces Management Changes
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Chief Operating Officer David Farahi is leaving the company to pursue business interests outside the Gaming and Hospitality Industry.
David Farahi is leaving the Company effective September 3, 2021. Michelle Shriver has been appointed Corporate Vice President of Operations. Craig Pleva will continue to lead the experienced and loyal management team in Black Hawk as General Manager. Michelle has a track record of approximately 20 years in the gaming and hospitality industry. She was a member of the executive management of Ameristar Casinos and oversaw the operations of all eight of their regional casino resorts. He has served as the General manager in Blackhawk since July 2014. John Farahmi is Co-Chairman and Chief Executive Officer of Monarch Casino & Resort.
Economy, government stimulus efforts, COVID-19, inflationary pressures, guest safety concerns, changes in laws mandating increases in minimum wages and employee benefits, and changes to laws and regulations permitting expanded and other forms of gaming are all potential factors that could affect forward-looking statements. Monarch owns and operates Atlantis Casino Resort Spa in Reno, Nevada, a hotel/casino facility in Black Hawk, Colorado. For additional information on Monarch, visit the Company's website at www.monarchcasinoreport.com.
Monarch Casino & Resort announces management changes. The company is concerned about the negative impacts of the COVID-19 outbreak on its business, construction projects, financial condition and operating results. The government's actions to address the outbreak and the potential negative impact on the U.S. economy are also of concern. There are potential increases in state and federal taxation to deal with the effects of COVImber. Other issues include inflationary pressures on operating costs and expenses, as well as their ability to pass cost increases along to their customers.
