Monarch Casino Eyes Selective Expansion Amid Favorable Market Conditions

With the market ripe for mergers, Monarch Casino stays picky—seeking only high-return properties. Could a new casino deal be on the horizon?

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2025 December 9 . 4:45 AM

1 min read

In the image we can see there are people standing and at the back there are speakers kept on the... — In the image we can see there are people standing and at the back there are speakers kept on the table and there are casinos which are over here.

Monarch Casino Eyes Selective Expansion Amid Favorable Market Conditions

Monarch Casino Inching Closer to Finding Nearby Acquisition Target, Says Analyst

Monarch Casino Inching Closer to Finding Nearby Acquisition Target.

2025-12-08T18:12:03+00:00

mergers and acquisitions, , financial, rumors, finance, business, casino-and-gambling, casino-games

Monarch Casino & Resort remains cautious about expansion despite ongoing industry consolidation. The company, which operates just two properties, has repeatedly faced speculation about potential nearby deals. Yet its management insists on strict criteria before moving forward with any acquisition.

The firm currently owns the Atlantis in Reno and Monarch Casino Black Hawk in Colorado. Despite frequent rumors, it has not added to this portfolio. Management describes the current market as the most favorable for deals in five years but remains highly selective.

A key restriction is location. Monarch is unlikely to buy in Nevada, fearing competition with its Reno casino. Instead, it prefers regions where targets include real estate and produce strong earnings. The company also rules out states with legal online gambling, as it has no interest in internet casinos.

When evaluating opportunities, Monarch focuses on deals promising returns in the 'high teens' percentage range. Beyond traditional casinos, it is open to non-gaming hospitality venues. However, any acquisition must meet its financial and operational standards.

For now, Monarch Casino continues to assess nearby options but will only act if a deal aligns with its strict investment criteria. The company’s next move, if any, is expected outside Nevada and in markets offering strong real estate value. Expansion remains possible—but only under the right conditions.