MONARCH CASINO & RESORT INC

BUSINES S Monarch Casino & Resort, Inc. was incorporated in Nevada in 1993 and, along with its consolidated subsidiaries, is referred to collectively in this Annual Report on Form 10-K as Monarch, the Company, we, our, and us. Monarch owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (the Atlantis ) and the Monarch Casino Resort Spa Black Hawk (the Monarch Black Hawk ), a hotel and casino in Black Hawk, Colorado. In addition, we own separate parcels of land located next to the Atlantis and a parcel of land with an industrial warehouse located between Denver, Colorado and Monarch Black Hawk. We also own Chicago Dogs Eatery, Inc. and Monarch Promotional Association Inc., both of which were formed in relation to licensure requirements for extended hours of liquor operation in Black Hawk, Colorado. Our business strategy is to maximize revenues, operating income and cash flow primarily through our casino, food and beverage and hotel operations at the Atlantis and Monarch Black Hawk. We focus on delivering exceptional service and value to our guests. Our hands-on management style focuses on customer service and cost efficiencies. The Atlantis Casino Resort Spa The Atlantis is located approximately three miles south of downtown in an affluent area of Reno, Nevada.