The President of Monarch Casino & Resort Inc (MCRI) is Selling Shares

Today, the President of Monarch Casino & Resort Inc (MCRI), Bob Farahi, sold shares of MCRI for $1.1M.

Following Bob Farahi’s last MCRI Sell transaction on September 10, 2018, the stock climbed by 1.1%.

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Based on Monarch Casino & Resort Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $62.76 million and quarterly net profit of $9.28 million. In comparison, last year the company earned revenue of $59.91 million and had a net profit of $9.24 million. The company has a one-year high of $48.71 and a one-year low of $34.45. Currently, Monarch Casino & Resort Inc has an average volume of 44.20K.

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Monarch Casino & Resort, Inc. owns and operates the Atlantis Casino Resort Spa, a hotel & casino facility in Reno, Nevada and the Monarch Black Hawk Casino in Black Hawk, Colorado. The Atlantis features casino space; guest rooms; food outlets; espresso and pastry bars; health spa and salon; retail outlets offering clothing and traditional gift shop merchandise; family entertainment centre; banquet, convention and meeting room space. The casino features slot and video poker machines; table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge and a poker room. The Monarch Casino Black Hawk features casino space, slot machines, table games, buffet-style restaurant, a snack bar and a parking structure. The company was founded in 1993 and is headquartered in Reno, NV.

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