Monarch Casino & Resort(MCRI) - 2024 Q1 - Quarterly Results

EXHIBIT 99.1 ($ in thousands, except per share data and percentages) John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: "In the first quarter of 2024 net revenue and adjusted EBITDA grew to all-time first quarter records of $121.7 million and $38.5 million, respectively, and the EBITDA margin improved to 31.7% from 31.3% in the same period of the prior year. Summary of 2024 First Quarter Operating Results Income from operations for the first quarter of 2024 increased 2.8% compared t ...