RIVIERA BLACK HAWK ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of allocation of purchase price

In establishing its purchase price allocation, the Company obtained a third-party valuation of the assets acquired and liabilities assumed, and assigned the following values based upon the Company’s consideration of the third-party valuation (in thousands):

Cash consideration	$	75,885
Liabilities assumed by the Company	3,505
Working capital adjustment	604
Total consideration	$	79,994

The allocation of the purchase price was as follows (in thousands):

Tangible Assets:
Current assets	$	6,241
Land	8,700
Site improvements	30
Building improvements	15,200
Furniture and equipment	5,737
Total tangible assets	35,908
Intangible Assets:
Customer list	10,490
Trade name	1,590
Goodwill	25,110
Total intangible assets	37,190
Deferred tax asset	6,896
Total assets	$	79,994

Schedule of net revenue and operating income included in the entity's unaudited condensed consolidated statement of income

The amounts of net revenue and operating income of Monarch Casino Black Hawk included in the Company’s consolidated statement of income, subsequent to the Closing, after elimination of intercompany transactions, for the year ended December 31, 2012 are as follows (in thousands):

Net revenues		$	29,678
Income from operations		$	6,350

Schedule of unaudited pro forma consolidated results of operations

The unaudited pro forma consolidated results of operations, as if the acquisition of Riviera Black Hawk had occurred on January 1, 2012, are as follows (in thousands, except per share):

	Twelve Months Ended December 31, 2012
Pro forma (unaudited):
Net revenues	$	183,043
Income from operations	$	17,516
Net income	$	9,542
Basic earnings per share	$	0.59
Diluted earnings per share	$	0.59