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16:15 EDTMCRI
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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