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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- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) had its price target raised by analysts at Macquarie from $75.00 to $76.00. They now have a "neutral" rating on the stock.MarketBeat
- Monarch Casino's (MCRI) Q1 Earnings & Revenues Lag Estimates [Yahoo! Finance]Yahoo! Finance
MCRI
Earnings
- 4/17/24 - Miss
MCRI
Sec Filings
- 5/7/24 - Form 10-Q
- 5/6/24 - Form 4
- 5/2/24 - Form 144
- MCRI's page on the SEC website