Monarch Casino Reports 2009 First Quarter Results

The Company reported net revenue of $32.6 million, 4.9% lower than the $34.3 million reported for the comparative quarter in 2008. The Company announced quarterly income from operations of $1.9 million, EBITDA(1) of $5.1 million and diluted EPS of $0.06 which represent decreases of 41.0%, 3.2% and 50.0%, respectively, when compared to the prior year's first quarter. Revenue generated in the casino, food and beverage, and hotel operating units decreased by 4.0%, 1.7% and 7.7%, respectively.