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LONG-TERM DEBT (Details) $ in Thousands | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($) | Jul. 20, 2016 USD ($)
Long-term debt |  |  |
Long-term debt, net | $ 175,415 | $ 94,500 |
Outstanding loan amount | 800 |  |
Mandatory principal payment | $ 20,000 |  |
Period over which Company believes existing cash balances will provide sufficient resources to fund operations | 12 months |  |
Current portion of long-term debt | $ 20,000 |  |
Completion of expansion project at Monarch Casino Black Hawk |  |  |
Long-term debt |  |  |
Interest bearing money market fund | 27,500 |  |
Mandatory principal payment | 3,800 |  |
Amended Credit Facility, July 20, 2021 |  |  |
Long-term debt |  |  |
Maximum borrowing capacity | $ 75,000 |  |
Total leverage ratio | 3.2 |  |
Fixed charge coverage ratio | 3.9 |  |
Additional borrowing capacity | $ 15,000 |  |
Integral multiple additional borrowing capacity | 1,000 |  |
Mandatory principal payment | 20,000 |  |
Amended Credit Facility, July 20, 2021 | Amount to be converted to a term loan |  |  |
Long-term debt |  |  |
Face amount of debt | 200,000 |  |
Credit facility, November 15, 2016 |  |  |
Long-term debt |  |  |
Maximum borrowing capacity |  |  | $ 100,000
Amended Credit Facility, July 20, 2021 |  |  |
Long-term debt |  |  |
Maximum borrowing capacity | 250,000 |  | $ 250,000
Remaining available borrowings | 50,000 |  |
Amended Credit Facility, July 20, 2021 | Completion of expansion project at Monarch Casino Black Hawk |  |  |
Long-term debt |  |  |
Maximum borrowing capacity | $ 50,000 |  |
Amended Credit Facility, July 20, 2021 | LIBOR |  |  |
Long-term debt |  |  |
Margin added to variable rate (as a percent) | 1.50% |  |
Variable interest rate (as a percent) | 1.80% |  |
Amended Credit Facility, July 20, 2021 | Minimum |  |  |
Long-term debt |  |  |
Fixed charge coverage ratio | 1.15 |  |
Commitment fee as a percentage of daily average unused revolving commitment | 0.175% |  |
Amended Credit Facility, July 20, 2021 | Minimum | LIBOR |  |  |
Long-term debt |  |  |
Margin added to variable rate (as a percent) | 1.00% |  |
Amended Credit Facility, July 20, 2021 | Minimum | Base Rate |  |  |
Long-term debt |  |  |
Margin added to variable rate (as a percent) | 0.00% |  |
Amended Credit Facility, July 20, 2021 | Maximum |  |  |
Long-term debt |  |  |
Total leverage ratio | 4.75 |  |
Commitment fee as a percentage of daily average unused revolving commitment | 0.45% |  |
Amended Credit Facility, July 20, 2021 | Maximum | LIBOR |  |  |
Long-term debt |  |  |
Margin added to variable rate (as a percent) | 2.50% |  |
Amended Credit Facility, July 20, 2021 | Maximum | Base Rate |  |  |
Long-term debt |  |  |
Margin added to variable rate (as a percent) | 1.50% |  |
Term loan | Completion of expansion project at Monarch Casino Black Hawk |  |  |
Long-term debt |  |  |
Outstanding balance | $ 200,000 |  |
Amended Credit Facility, July 20, 2021 |  |  |
Long-term debt |  |  |
Amount outstanding | 196,300 |  |
Amended Credit Facility, July 20, 2021 | Amended Credit Facility, July 20, 2021 |  |  |
Long-term debt |  |  |
Amount outstanding | 196,300 |  |
Standby Letter of Credit |  |  |
Long-term debt |  |  |
Amount outstanding | 600 |  |
Standby Letter of Credit | Amended Credit Facility, July 20, 2021 |  |  |
Long-term debt |  |  |
Amount drawn under the facility | $ 0 |  |

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- Definition Represents the ratio of earnings-before-interest-taxes-depreciation and amortization (EBITDA) to fixed charges allowed under the terms of the covenants of the credit facility. + References No definition available. + Details
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- Definition The period over which the Company believes that existing cash balances, cash flow from operations and borrowings available under the Amended Credit Facility will provide sufficient resources to fund operations, meet debt obligations, and fulfill capital expenditure plans. + References No definition available. + Details
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- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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