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Red Flags Detected

  • Pcl Litigation Liability Growth (worsened) — The $79.6M liability is accruing post-judgment interest at 6% per annum (~$4.5M annually) while the appeal proceeds, creating an ongoing expense that will continue until appellate resolution.
  • Uncertain Tax Position On Pcl Depreciation (unchanged) — The company recorded a $739K uncertain tax position related to depreciation on property involved in the PCL litigation, suggesting the IRS may challenge deductions taken on the disputed construction work.
NASDAQ: MCRI MONARCH CASINO & RESORT INC 10-Q

Q2 net income up 20% to $32.5M as hotel occupancy recovers; PCL appeal set for Sept oral argument

Filed July 28, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 29, 2025 · ~2 min read

Key Changes

  • high

    Q2 2026 net income rose 20.4% to $32.5M ($1.78/share) from $27.0M ($1.44/share) in Q2 2025, driven by hotel occupancy recovery and lower depreciation as 2020 Black Hawk assets became fully depreciated.

    MD&A: Q2 Results verify on EDGAR →
  • high

    PCL construction-litigation liability increased to $79.6M from $76.5M, with $2.2M of the H1 2026 increase representing accrued post-judgment interest at 6% per annum on the $74.5M principal—an ongoing ~$4.5M annual expense while the appeal proceeds.

    Legal Proceedings & Notes verify on EDGAR →
  • high

    PCL appeal briefing completed; oral argument scheduled for September 15, 2026. PCL filed a second cross-appeal challenging the denial of attorneys' fees and costs, expanding the scope of issues on appeal.

    Legal Proceedings verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Source-verified from EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify