MCRI — what changed in the latest 10-Q
A section-by-section comparison of MCRI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-28 vs the prior 10-Q · 2026-04-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +13 | −3 | ~16 | 19 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-28
Hotel revenue increased 13.0% in the second quarter of 2026 compared to the same quarter of 2025 as a result of increase in occupancy percentage to 83.7% during the second quarter of 2026 compared to 79.6% during the second quarter of 2025 resulting from improved convention group business in the cur…
SG&A expense increased to $28.6 million in the second quarter of 2026 from $26.8 million in the second quarter of 2025. As a percentage of net revenue, SG&A expense increased to 20.0% in the second quarter of 2026 compared to 19.6% in the same period in 2025. The increase in SG&A expenses is primari…
Comparison of Operating Results for the Six-Month Periods Ended June 30, 2026 and 2025
For the six months ended June 30, 2026, we had a net income of $60.1 million, or $3.30 per diluted share, compared to net income of $46.9 million, or $2.50 per diluted share for the same period in 2025, reflecting a 28.3% and 32.0% increase in net income and diluted earnings per share, respectively.…
Casino revenue increased 5.8% in the first six months of 2026 compared to the first six months of 2025 and was driven by an increase in visitation and gaming volume. Casino operating expense as a percentage of casino revenue decreased to 35.7% for the six months ended June 30, 2026 compared to 36.7%…
Text removed vs the prior filing · source: 10-Q · 2026-04-30
Hotel revenue increased 13.5% in the first quarter of 2026 compared to the same quarter of 2025 primarily as a result of an increase in available rooms. ADR decreased by $7.49 ($184.83 in the first quarter of 2026 and $192.32 in the first quarter of 2025). Hotel occupancy percentage decreased to 79.…
SG&A expense increased to $27.8 million in the first quarter of 2026 from $27.2 million in the first quarter of 2025. As a percentage of net revenue, SG&A expense decreased to 20.3% in the first quarter of 2026 compared to 21.7% in the same period in 2025.
Net cash used in investing activities totaled $7.5 million and $16.0 million during each of the three months ended March 31, 2026 and 2025, respectively and consisted primarily of cash used for the acquisition of gaming and other equipment and ongoing maintenance capital expenditures at both propert…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice