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Monarch Announces 2 for 1 Stock Split

Monarch Casino & Resort,
Inc. 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,

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.