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News Breaks
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October 21, 2009
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| 16:15 EDT |  | MCRI |
| theflyonthewall.com: | Monarch Casino to take Q4 charge of $1.8M-$2.1M | | Under the new program, the company must recognize Complimentaries expense at the time points are earned which occurs commensurate with casino patron play. This change will result in a one-time, non-cash charge in the fourth quarter of 2009 of approximately $1.8M-$2.1M to recognize the liability for unredeemed Complimentary point balances on the date the EZ Comp program was launched. :theflyonthewall.com |
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