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  September 5, 2001
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Home > Company Index > Leisure > Gambling Resorts & Casinos > Monarch Casino & Resort, Inc.

Monarch Casino & Resort, Inc.
Nasdaq: MCRI
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 PROFILE
Monarch Casino & Resort hopes high rollers will rediscover Atlantis. A $75 million renovation in 1999 expanded the company's tropical-themed Atlantis Casino Resort in Reno, Nevada, to include almost 1,000 hotel rooms, a 51,000-sq.-ft. casino, nine restaurants, a 55-ft.-high skywalk, a nightclub, and a family entertainment center. Casino operations, which account for more than half of revenue, include 40 gaming tables, about 1,500 slot and video poker machines, keno, and a race and sports book operated by an outside party. The daughter and sons of founder David Farahi -- Jila Farahi and co-chairmen John (CEO and COO), Bob (president), and Ben Farahi (CFO) -- own 75% of the company.

 COMPETITION
Boomtown, Inc. (dossier)
MTR Gaming Group, Inc. (MNTG)
Park Place Entertainment Corporation (PPE)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 97.00
1-Yr. Sales Growth: 22.9%
Employees: 1,842
Revenue per employee: $52,660.15

 KEY PEOPLE
• John Farahi
    CEO
• Ben Farahi
    CFO

 CONTACT INFO
1175 W. Moana Ln., Ste. 200
Reno, NV 89509
US
Phone: 775-825-3355
Fax: 775-825-7705
Online: Web Site

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