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Monarch Casino and Resort announces management changes

25 August 2021

(PRESS RELEASE) -- Monarch Casino & Resort, Inc. announced that Chief Operating Officer David Farahi plans to leave the company, effective 3 September 2021, to pursue business interests outside the gaming and hospitality industry. Monarch also announced that Michelle Shriver has joined the company as Corporate Vice President of Operations. In this role, she will have primary responsibility for the operation of the newly expanded Monarch Casino Resort Spa Black Hawk and will reside in Denver, Colorado. Michelle has been a consultant to the Company since April 2021.

“On behalf of the Board and our entire team, I want to thank David for his 14 years of significant contributions to Monarch, including nine years as Chief Operating Officer,” said John Farahi, Co-Chairman and Chief Executive Officer of Monarch Casino & Resort. “We appreciate David’s commitment and tireless efforts in managing operations during the construction and expansion of our resort in Black Hawk, Colorado, while also leading our Reno operations. David was also instrumental in securing the passage of Amendment 77 in November 2020, which has paved the way for unlimited wagers and a variety of new games for casinos in Colorado.”

David Farahi commented, “I would like to thank Monarch’s Co-Chairmen and Board of Directors for the opportunity to serve as Chief Operating Officer for these past nine years; it has been a tremendous privilege. I am incredibly proud of what our entire team has accomplished together and have every confidence in Monarch’s continued success.”

John Farahi added, “Michelle has a track record of approximately 20 years in the gaming and hospitality industry. She has extensive experience developing a corporate strategy aimed at maximizing revenues and achieving market leadership. As a member of the executive management team of Ameristar Casinos, she was responsible for the operations of all eight of their regional casino resorts. Michelle also oversaw a significant expansion of Ameristar Casino Black Hawk and is very familiar with the Denver area market.

Craig Pleva will continue to lead the experienced and loyal management team in Black Hawk as General Manager. He has been with the Company for over 16 years and has served as General Manager in Black Hawk since July 2014. Prior to relocating to Denver, Craig gained significant marketing and operational experience at our Atlantis Casino Resort Spa in Reno. We are excited to have Craig and Michelle collaborate to further implement our overall operational strategies in our newly expanded Black Hawk resort.”

John Farahi continued, “Looking ahead, Monarch is well positioned to pursue growth opportunities, having assembled a talented and experienced management team. Our balance sheet is among the best in the industry and our track record in operations gives us confidence in our ability to execute our strategic plan.”

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