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Monarch Casino & Resort, Inc. Announces 2 for 1 Stock Split

RENO, Nevada – (PRESS RELEASE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) today announced that its Board of Directors has approved a two-for-one split of the Company's common stock resulting in the increase in the number of common shares issued from approximately 9.5 million to approximately 19.1 million.

Each shareholder of record at the close of business on March 17, 2005, will receive one additional share for every outstanding share held on the record date, and trading will begin on a split-adjusted basis on March 31, 2005.

Monarch Casino & Resort, Inc., through its wholly-owned subsidiary, owns and operates the tropically-themed Atlantis Casino Resort in Reno, Nevada. The Atlantis is the closest hotel-casino to and is directly across the street from the Reno-Sparks Convention Center. The Atlantis is recognizable due to its Sky Terrace, a unique structure rising approximately 55 feet from street level and spanning 160 feet across the street with no intermediate support pillars. The Sky Terrace connects the Atlantis to a 16-acre parcel of land owned by the Company, that is compliant with all casino zoning requirements, is suitable and available for future expansion of the Atlantis facilities and is currently being used by the Company as additional paved parking for the Atlantis. The existing Atlantis site offers almost 1,000 guest rooms in three contiguous high-rise hotel towers and a motor lodge. The tropically-themed Atlantis features approximately 51,000 square feet of high-energy casino space with 37 table games and approximately 1,450 slot and video poker machines, a sports book, Keno and a poker room, and offers a variety of dining choices in the form of nine high-quality food outlets.

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