Item 7.01
Regulation FD Disclosure.
On June 14, 2017, John Farahi, the Company's Chief Executive Officer, and David Farahi, the Company's Chief Operating Officer, addressed the stockholders at the 2017 Annual Meeting. Among other things, Mr. John Farahi gave an update with respect to the ongoing construction of the hotel tower at the Company’s Monarch Casino Black Hawk and advised stockholders that the project is on schedule with target completion in the second quarter of 2019.
The information under this caption Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "
Exchange Act
"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
When used in this report and elsewhere by management from time to time, the words "believes," "anticipates," "expects," "estimates," and similar expressions are intended to identify forward-looking statements with respect to the Company's financial condition, results of operations and its business including our expansion, construction timelines, development activities and debt refinancing. Certain important factors, including, but not limited to, construction risks, competition from other gaming operations, factors affecting the Company's ability to compete, acquisitions of gaming properties, legalization of additional gaming operations in its markets, leverage, the inherent uncertainty and costs associated with litigation and governmental and regulatory investigations, and licensing and other regulatory risks, could cause the Company's actual results to differ materially from those expressed in its forward-looking statements. Any changes in the law that would permit the establishment of gaming operations in or near Denver could materially impact Monarch Casino Black Hawk operations and could alter, delay or cause the Company to reconsider our master development plan to expand our Monarch Casino Black Hawk property. Further information on potential factors which could affect our financial condition, results of operations and business including, without limitation, the Company's expansion, development activities, legal proceedings and employee matters, are included in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date thereof. The Company undertakes no obligation to publicly release any revisions to such forward-looking statement to reflect events or circumstances after the date hereof.