Monarch Casino & Resort Comments on Lawsuit Filed by Black Hawk Contractor and Updates Timing for Completion of Project
Monarch Casino & Resort, Inc. (MCRI)
Last monarch casino & resort, inc. earnings: 4/22 04:03 pm
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monarchblackhawk.com
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Source: GlobeNewswire
RENO, Nev., Sept. 03, 2019 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) provided the following comment on disagreements with its general contractor in Black Hawk, PCL Construction Services, Inc. (“PCL”), which have resulted in PCL filing a preemptory lawsuit on August 30, 2019 against Monarch and its Colorado subsidiaries. Monarch Comment “Since engaging PCL as general contractor at Monarch Casino Black Hawk, we have worked tirelessly to move the construction project forward. While Monarch has been frustrated with PCL’s numerous construction delays and cost increases, we have remained focused on the transformation of Monarch Casino Black Hawk. “Monarch believes that PCL’s lawsuit is principally an effort to deflect attention from their failures to deliver the completed project in a timely and cost appropriate manner. Unfortunately, we must now respond to PCL’s lawsuit with our affirmative defenses as well as counterclaims against
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MCRI
News
- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) is now covered by analysts at Wells Fargo & Company. They set an "underweight" rating and a $79.00 price target on the stock.MarketBeat
- Is There An Opportunity With Monarch Casino & Resort, Inc.'s (NASDAQ:MCRI) 37% Undervaluation? [Yahoo! Finance]Yahoo! Finance
- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Monarch Casino & Resort's (NASDAQ:MCRI) 16% CAGR outpaced the company's earnings growth over the same five-year period [Yahoo! Finance]Yahoo! Finance
MCRI
Earnings
- 10/23/24 - Beat
MCRI
Sec Filings
- 11/29/24 - Form 4
- 11/29/24 - Form 144
- 11/27/24 - Form 144
- MCRI's page on the SEC website