Farahi will leave Monarch on 3 September 2021 in order to pursue business interests outside the gaming and hospitality industry.
“On behalf of the board and our entire team, I want to thank David for his 14 years of significant contributions to Monarch, including nine years as Chief Operating Officer,” said Monarch Co-Chairman and CEO John Farahi.
“We appreciate David’s commitment and tireless efforts in managing operations during the construction and expansion of our resort in Black Hawk, Colorado, while also leading our Reno operations. David was also instrumental in securing the passage of Amendment 77 in November 2020, which has paved the way for unlimited wagers and a variety of new games for casinos in Colorado.”
David Farahi commented: “I would like to thank Monarch’s Co-Chairmen and board of directors for the opportunity to serve as Chief Operating Officer for these past nine years; it has been a tremendous privilege. I am incredibly proud of what our entire team has accomplished together and have every confidence in Monarch’s continued success.”
Shriver, who has been a consultant to the company since April, will have primary responsibility for the operation of the newly expanded Monarch Casino Resort Spa Black Hawk. She will collaborate with Black Hawk General Manager Craig Pleva, who will continue in his role.
John Farahi added: “Looking ahead, Monarch is well positioned to pursue growth opportunities, having assembled a talented and experienced management team. Our balance sheet is among the best in the industry and our track record in operations gives us confidence in our ability to execute our strategic plan.”
