TacticScaleWhat Monarch Casino & Resort Does & How It Makes Money (MCRI)
Updated October 2026 · reflects Monarch Casino & Resort's latest reported financials
Casino resort operator with properties in Reno and Black Hawk. It makes money mainly from casino gaming at its two resorts, plus hotel room, food and beverage, and spa spending by visitors.
How Monarch Casino & Resort makes money
It makes money mainly from casino gaming at its two resorts, plus hotel room, food and beverage, and spa spending by visitors.
What Monarch Casino & Resort does
Monarch Casino & Resort, Inc. is a regional casino operator based in Reno, Nevada, incorporated in 1993. Through its subsidiaries it owns and runs two hotel-casino properties: the Atlantis Casino Resort Spa in Reno and the Monarch Casino Resort Spa Black Hawk in Colorado. It also owns separate parcels of land. Beyond the gaming floor, the resorts put a lot of weight on dining. Venues include The Atlantis Steakhouse, The Bistro Napa, The Oyster Bar on the Sky Terrace, a sushi bar, The Red Bloom Asian kitchen, The Manhattan Deli, Toucan Charlie's Buffet & Grille, casual eateries, and gourmet coffee bars. Together these make the properties full-service destination resorts rather than casinos alone.
Products & services
- Atlantis Casino Resort Spa (Reno)
- Monarch Casino Resort Spa Black Hawk
- The Atlantis Steakhouse
- Toucan Charlie's Buffet & Grille
- The Oyster Bar on the Sky Terrace
- The Manhattan Deli
What is Monarch Casino & Resort worth?
On an owner-earnings DCF, Monarch Casino & Resort's most-likely value is about $109 versus a recent price near $114 (5% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$72) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Red Rock Resorts (RRR) · Caesars Entertainment (CZR) · MGM Resorts International (MGM)