![]() We also achieved a record Adjusted EBITDA margin of 36.0%. “Net revenue and Adjusted EBITDA in the second quarter of 2021 were $97.7 million and $35.2 million, respectively, reaching all-time highs for the second consecutive quarter, as each of our properties generated record net revenue and Adjusted EBITDA. Labor market constraints continue to be our major challenge at both properties. We also believe that the pent-up demand is impacting the revenue growth, along with the federal government’s recurring stimulus. The two markets are experiencing rapid population growth and healthy economic fundamentals that are propelling demand for our market leading properties. ![]() John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “Our second quarter financial results highlight continued market share gains in both Black Hawk and Reno. (1) Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release. ($ in thousands, except per share data and percentages) (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported record operating results for the second quarter ended June 30, 2021, as summarized below: RENO, Nev., J(GLOBE NEWSWIRE) - Monarch Casino & Resort, Inc.
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