Press Release: Monarch Casino & Resort, Inc.
July 5, 2002
RENO, NV -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) announced July 2 that a secondary public offering
of 2,000,000 shares of common stock was priced at $12.50 per share. The shares were sold by members of the Farahi
family. Of 9,468,880 shares of Monarch common stock outstanding, the Farahi family now owns 5,061,001 shares, or
53.4 percent. Hibernia Southcoast Capital, Inc. and The Seidler Companies Incorporated acted as co-managers of
the offering.
Monarch did not receive any proceeds from the sale of the shares of common stock by the selling stockholders.
Copies of the final prospectus may be obtained from Hibernia Southcoast Capital, Inc., 2895 Highway 190, Suite
228, Mandeville, Louisiana 70471, (504) 727-6715.
Monarch owns and operates the tropically-themed Atlantis Casino Resort, which is located approximately three miles
south of downtown in the generally more affluent and rapidly growing southwest area of Reno, Nevada. The Atlantis
contains approximately 51,000 square feet of casino space interspersed with waterfalls, giant artificial palm trees,
thatched-roof huts, and other tropical decor; a hotel and a motor lodge with 980 guest rooms; nine food outlets,
a nightclub; an enclosed pool with waterfall; an outdoor pool; a health club; two retail outlets offering traditional
gift shop merchandise and clothing; an 8,000 square foot entertainment center; and approximately 25,000 square
feet of banquet, convention and meeting space.
You can visit Monarch casino & Resort, Inc. at the Company's website: www.monarchcasino.com
SOURCE: Monarch Casino & Resort, Inc.