District Court of Western Australia

Monarch Casino & Resort Reports 2023 Third Quarter Financial Results

Retrieved on: 
水曜日, 10月 18, 2023
Adjustment, District Court of Western Australia, Insurance, Weather, Disagreement, Health, Food, SG, Pressure, EBITDA, County, Share repurchase, Fraud, Court, Acquisition, Maintenance, Infection, City, Growth, EPS, COVID-19, F&B, Annual report, District court, Capital expenditure, Form 10-K, Atlantis, Soil, Hand, Safety, Video game, Cryptocurrency, Casino, Tourism, Bank, Pharmaceutical industry, Holding company, Hospital, Construction, Mobile phone, Monarch

John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “Our 2023 third quarter results were strong as we continued to grow revenue and EBITDA in Black Hawk, and companywide, employed operational efficiencies and expense management.

Key Points: 
  • John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “Our 2023 third quarter results were strong as we continued to grow revenue and EBITDA in Black Hawk, and companywide, employed operational efficiencies and expense management.
  • During the third quarter our operating results were negatively impacted by competitive pressure in Reno and the current macroeconomic environment.
  • We remain confident that our market-leading casino resort amenities position Monarch Black Hawk for further growth and market share gains.
  • “At Atlantis, third quarter results were impacted by, what we believe to be, an irrational promotional environment driven by our competitors.

Almaden Reports on Legal Developments in Mexico Regarding Ministry of Economy Efforts to Deny Twenty Year-Old Ixtaca Mineral Title Applications

Retrieved on: 
月曜日, 10月 16, 2023
District Court of Western Australia, SCJN, Congress, Mining, NYSE, TSX, Directorate, Party, AMM, District court, Ministry, Ministry of the economy, Federal government of Mexico, Supreme court, Economia, Exercise, AAU, TCC, Deference, Risk management

As reported on February 22, April 13, and September 14, 2023, Economia made the Submission to the District Court seeking to deny the two mineral title applications which were first made by Almaden in 2002 and 2008.

Key Points: 
  • As reported on February 22, April 13, and September 14, 2023, Economia made the Submission to the District Court seeking to deny the two mineral title applications which were first made by Almaden in 2002 and 2008.
  • The Submission claims that the applications contain technical faults, despite Economia’s previous statements to the contrary and its acceptance of the mineral title applications and grant of the mineral titles in 2003 and 2009.
  • By alleging technical faults in the mineral title applications, Economia appears to be arbitrarily seeking to deny the grant of the mineral titles and avoid the indigenous consultation ordered by the February 2022 decision of Mexico’s Supreme Court (“SCJN”).
  • Almaden has been advised that so long as the TFJA trial continues, its mineral title applications from 2002 and 2008 remain in place thus preserving the Company’s preferential rights to the mineral title.

Almaden Obtains Provisional Injunction Relating to Decision of Ministry of the Economy

Retrieved on: 
木曜日, 9月 14, 2023
Economia, AMM, Conference proceedings, SCJN, District court, Legal proceeding, MG, Supreme court, Court, TSX, District Court of Western Australia, NYSE, AAU, Law

As previously reported, these mineral titles were reduced to application status as a result of the February 2022 decision of the SCJN.

Key Points: 
  • As previously reported, these mineral titles were reduced to application status as a result of the February 2022 decision of the SCJN.
  • The Court has admitted the Legal Proceedings and, as a first step, has granted a provisional injunction in favour of MG.
  • This provisional injunction prevents Economia from releasing the mineral rights covered by the Company’s mineral title applications while the Legal Proceedings are ongoing.
  • Almaden does not have a timeline for the Compliance Appeal or a definitive ruling on the Legal Proceedings.