Unfortunately, we must now respond to PCL’s lawsuit with our affirmative defenses as well as counterclaims against PCL which will detail their numerous contract and performance breaches. “Monarch believes that PCL’s lawsuit is principally an effort to deflect attention from their failures to deliver the completed project in a timely and cost appropriate manner. While Monarch has been frustrated with PCL’s numerous construction delays and cost increases, we have remained focused on the transformation of Monarch Casino Black Hawk. “Since engaging PCL as general contractor at Monarch Casino Black Hawk, we have worked tirelessly to move the construction project forward. (“PCL”), which have resulted in PCL filing a preemptory lawsuit on Augagainst Monarch and its Colorado subsidiaries.

(Nasdaq: MCRI) (“Monarch” or “the Company”) provided the following comment on disagreements with its general contractor in Black Hawk, PCL Construction Services, Inc. 03, 2019 (GLOBE NEWSWIRE) - Monarch Casino & Resort, Inc.