RENO, Nev., March 16 /PRNewswire-FirstCall/ -- Monarch Casino & Resort,
Inc. (Nasdaq: MCRI) (the "Company") today announced that its Board of
Directors has approved a two-for-one split of the Company's common stock
resulting in the increase in the number of common shares issued from
approximately 9.5 million to approximately 19.1 million.
Each shareholder of record at the close of business on March 17, 2005,
will receive one additional share for every outstanding share held on the
record date, and trading will begin on a split-adjusted basis on
March 31, 2005.
Monarch Casino & Resort, Inc., through its wholly-owned subsidiary, owns
and operates the tropically-themed Atlantis Casino Resort in Reno, Nevada.
The Atlantis is the closest hotel-casino to and is directly across the street
from the Reno-Sparks Convention Center. The Atlantis is recognizable due to
its Sky Terrace, a unique structure rising approximately 55 feet from street
level and spanning 160 feet across the street with no intermediate support
pillars. The Sky Terrace connects the Atlantis to a 16-acre parcel of land
owned by the Company, that is compliant with all casino zoning requirements,
is suitable and available for future expansion of the Atlantis facilities and
is currently being used by the Company as additional paved parking for the
Atlantis. The existing Atlantis site offers almost 1,000 guest rooms in three
contiguous high-rise hotel towers and a motor lodge. The tropically-themed
Atlantis features approximately 51,000 square feet of high-energy casino space
with 37 table games and approximately 1,450 slot and video poker machines, a
sports book, Keno and a poker room, and offers a variety of dining choices in
the form of nine high-quality food outlets.
Statements in this release that are not historical fact are "forward
looking" statements under the Private Securities Litigation Reform Act of 1995
that involve risks and/or uncertainties that could cause actual results to
differ from expectations, including the risks and/or uncertainties as
described in the Company's public filings with the Securities and Exchange
Commission.
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