Monarch Honored by Forbes as One of America’s Best Small Businesses
Monarch Casino & Resort, Inc. was named one of America’s Best Small Businesses by Forbes. Monarch, which through its subsidiaries owns and operates Atlantis Casino Resort Spa in Reno and Monarch Casino Resort Spa in Black Hawk, Colorado, was ranked 39th on the 2022 list of America’s Top 100 Small Businesses.
Monarch was the only Nevada company to make the list, posting a 43.5% 52-week return and $342.7 million in revenue. It was also the only company on the list in the hotels, restaurants and leisure category. All data collected by Forbes is as of November 4, 2021.
“We are honored to receive this prestigious accolade from Forbes as one of America’s Best Small Businesses,” said John Farahi, co-chairman and CEO of Monarch. “Through tremendous effort by our talented teams in Reno and Black Hawk, Colorado, Monarch continues to thrive as a leader in the entertainment and hospitality industry. At the heart of our business is a commitment to providing the ultimate customer experience. We are also committed to constant transformation and a strategic approach to long-term growth.
Forbes used data from FactSet to compile its annual list of top performers. Rankings are based on earnings growth, sales growth, return on equity and total equity return for the last 12 months available and over the last five years.
For Forbes’ full list of America’s Best Small Businesses, visit https://www.forbes.com/lists/best-small-cap-companies/#39d5cf9247db.