American casino operator Monarch Casino And Resort Incorporated has released its unaudited financial results for the final three months of 2016 showing an 8% increase year-on-year in net revenues to $55.56 million while its net income rose for a ninth consecutive quarter to $6.47 million.

Monarch Casino And Resort Incorporated is responsible for the 824-room Atlantis Casino Resort Spa in Nevada and Colorado’s under-renovation Monarch Black Hawk Casino and revealed that its fourth-quarter net income represented an improvement of some 26.3% when compared with the same period in 2015.

The Reno-based firm also saw its adjusted earnings before interest, tax, depreciation and amortization for the three months to December 31 reach $14.6 million, which was a boost of some 17.8% year-on-year, as its casino revenues improved by 9.6% to $43.24 million alongside a 6.7% rise from its food and beverage offerings to $15.68 million.

“I am very pleased with our record fourth-quarter financial results, which marks the conclusion of another active and successful year of organic growth for the company,” read a statement from John Farahi, Co-Chairman and Chief Executive Officer for Monarch Casino And Resort Incorporated. “Through the determined and dedicated work of our operating teams, we are consistently elevating our guest service and amenities while growing market share. At the same time, we continue to focus on operational efficiency, which resulted in higher margins on revenues and contributed to our ninth consecutive quarter of double-digit net income growth.”

For the full year, Monarch Casino And Resort Incorporated reported net revenues of $217.03 million, which was a swell of 7.3% year-on-year, while its net income advanced by 19% to hit $24.57 million.

In terms of annual adjusted earnings before interest, tax, depreciation and amortization, the operator declared an 11.4% boost year-on-year to $55.74 million with casino revenues hitting $168.86 million, which was up by 7.6%, and food and beverage takings rising by just over 6.6% to reach $60.26 million.

“We started 2017 by breaking ground on the hotel tower and casino expansion, which represents the final phase of Monarch Casino Black Hawk’s transformation into an integrated [and] amenity rich casino resort spa,” read the statement from Farahi. “At the heart of this transformation is our company-wide focus on the guest-friendly professional service that comprises the core of every Monarch Casino And Resort Incorporated-owned and managed property. The entire Monarch Casino And Resort Incorporated family is energized and excited by the company’s near and long-term prospects and we look to another year of growth in 2017.”

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