David Farahi leaving Monarch Casino

Home » David Farahi leaving Monarch Casino

In a surprise announcement, David Farahi, long assumed by many to be the heir apparent to his father, John Farahi, as CEO, is leaving Monarch Casino.


He is being replaced by Michelle Shriver, a long-time Ameristar executive who helped develop Ameristar Black Hawk near Monarch Black Hawk, a property key to Monarch’s expected growth.

Shriver will carry the title of corporate VP of operations. David Farahi has had the title of COO for the past nine years. He is leaving the company to pursue business interests outside of gaming and hospitality.

Monarch stock fell 1.21 per cent on Wednesday while other regional casino stocks rose. Analysts responded by reiterating their confidence in Monarch, CEO John Farahi and the potential of the company’s Black Hawk expansion.

Source: Fantini’s Gaming Report

More about:  Full House starts sports betting in two states

   

Leave a Reply

Your email address will not be published. Required fields are marked *

Gambling News from NewsCasinoNew.com is made for the most passionate fans of online casinos and internet gambling. We cover everything: from popular gambling world events and trends to new casino slot game releases and reviews, you will find the latest news stories.