UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 5, 2004
MONARCH CASINO & RESORT, INC.
(Exact name of registrant as specified in its charter)
NEVADA 0-22088 88-0300760
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1175 W. Moana Lane, Suite 200
Reno, NEVADA 89509
(Address of Principal Executive Offices) (Zip Code)
(775)825-3355
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(Registrant's telephone number, including area code)
NOT APPLICABLE
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(Former name or former address, if changed since last report)
ITEM 5. Other Events and Regulation F-D Disclosure
On February 5, 2004, Monarch Casino & Resort, Inc. (the "Company") issued
a press release announcing that the litigation commenced in April 2003 against
the City of Reno and other interested parties petitioning the Second Judicial
District Court of Nevada to review the City of Reno's decision to enter into an
agreement for the acquisition and relocation of the Old Reno Casino in downtown
Reno, to condemn the real property occupied by the Old Reno Casino, to declare
the agreement null and void and to preclude the City of Reno from condemning
the real property has been settled.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
99 Text of press release dated February 5, 2004.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
MONARCH CASINO & RESORT, INC.
(Registrant)
Date: February 6, 2004 By: /s/ Ben Farahi
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Name: Ben Farahi
Title: Chief Financial Officer,
Treasurer and Secretary
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Exhibit 99
PRESS RELEASE
MONARCH CASINO & RESORT, INC. ANNOUNCES SETTLEMENT OF ITS LAWSUIT AGAINST CITY
OF RENO AND OTHER THIRD PARTIES
Reno, NV - February 5, 2004 - Monarch Casino & Resort, Inc. (Nasdaq: MCRI)
(the "Company") today announced that the litigation commenced in April 2003
against the City of Reno and other interested parties petitioning the Second
Judicial District Court of Nevada to review the City of Reno's decision to
enter into an agreement for the acquisition and relocation of the Old Reno
Casino in downtown Reno, to condemn the real property occupied by the Old Reno
Casino, to declare the agreement null and void and to preclude the City of Reno
from condemning the real property has been settled. The settlement is expected
to become final on February 11, 2004, upon the consent of the Reno City
Council. The terms of the settlement, by agreement, are confidential.
Monarch, 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, which completed a $105 million expansion and
renovation in August 2002. 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, and 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 while featuring approximately 51,000
square feet of high-energy casino space with 37 table games and approximately
1,500 slot and video poker machines, a sports book, Keno and a poker room, and
a variety of dining choices in the form of nine high-quality food outlets.
This press release may contain forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934 which are subject
to change, including, but not limited to, comments relating to the settlement
of its lawsuit against the City of Reno and other third parties. The actual
results may differ materially from those described in any forward-looking
statements. Additional information concerning potential factors that could
affect the Company's financial results are included in the Company's Securities
and Exchange Commission filings, which are available on the Company's web site.
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