operating results summary our operating results may be affected by , among other things , competitive factors , gaming tax increases , the commencement of new gaming operations , construction at our facilities , general public sentiment regarding travel , overall economic conditions and governmental policies affecting the disposable income of our patrons and weather conditions affecting our properties , as well as those matters discussed in item 1a . risk factors above . 33 the following significant factors and trends should be considered in analyzing our operating performance : atlantis : our business strategy is to maximize revenues , operating income and cash flow primarily through our casino , food and beverage operations and hotel operations . during the recessionary periods of 2008 and 2009 , we expanded and upgraded the facility . with quality gaming , hotel and dining products , we believe the atlantis is well positioned to benefit from future macro and local economic growth . several national businesses have announced plans to expand or relocate operations to northern nevada . while such economic activity could ultimately drive additional revenue and profit at atlantis , we are experiencing the more immediate effect of increased labor costs , which combined with continued aggressive marketing programs by our competitors have applied upward pressure on atlantis operating costs . monarch casino black hawk : since the acquisition of monarch casino black hawk in april 2012 , our focus has been to maximize casino and food and beverage revenues while upgrading the existing facility and laying the groundwork for the major expansion that we plan . there is currently no hotel on the property . in october 2012 , we began a project to redesign and upgrade the existing monarch casino black hawk facility . in september 2013 , we opened a new buffet , which was an important step in our ongoing process of redesigning and upgrading the existing monarch casino black hawk facility . in december 2013 , we began a project to remodel and upgrade the casino . to minimize disruption , we staged the work in three equal phases . the first phase was completed and opened in august 2014. the second phase was completed and opened in march 2015 and the final phase was completed and opened in august 2015. in the fourth quarter of 2013 , we began work on a multi-phased expansion of the monarch casino black hawk which involves construction of a new parking structure , demolition of the existing parking structure followed by construction of a new hotel tower and casino expansion on the site where the existing parking structure currently sits ( see master planned expansion of the monarch casino black hawk ) . the planned nine-story parking structure will increase total parking on site from approximately 500 spaces to approximately 1,500 spaces . once completed , the monarch casino black hawk expansion will nearly double the casino space and will add a 23-story hotel tower with approximately 500 guest rooms and suites , an upscale spa and pool facility , three additional restaurants ( increasing the total to four ) , additional bars , a new parking structure and associated support facilities . we currently expect completion of the entire expansion in the third quarter of 2018. results of operations comparison of operating results for the years ended december 31 , 2015 and 2014 for the year ended december 31 , 2015 , our net income totaled $ 20.7 million , or $ 1.19 per diluted share , compared to net income of $ 14.2 million , or $ 0.83 per diluted share for the same period of 2014 , reflecting a 45.6 % increase in net income and a 43.4 % increase in diluted earnings per share . net revenue for the year ended december 31 , 2015 and 2014 , is $ 202.2 million and $ 187.8 million , respectively , reflecting an increase of $ 14.5 million , or 7.7 % . income from operations for the year ended december 31 , 2015 totaled $ 32.5 million compared to $ 22.2 million for the same period in 2014 , representing an increase of $ 10.3 million or 46.5 % . casino revenues increased 8.1 % in the year ended december 31 , 2015 compared to the same period of 2014. casino revenues increased at both the monarch casino black hawk and at the atlantis . the increase in monarch casino black hawk revenues is primarily due to the completion of the casino floor upgrade and remodel which attracted more gaming customers . the increase in casino revenues at the atlantis was driven primarily by the increased local patrons visitation . casino operating expenses as a percentage of casino revenue decreased to 42.1 % for the twelve months ended december 31 , 2015 , compared to 42.4 % in 2014 due to the effect of higher casino revenues partially offset by higher casino expense . 34 food and beverage revenues for the twelve months ended december 31 , 2015 increased 8.1 % over the same period in 2014 , due to a 5.4 % increase in average revenue per cover , combined with a 2.5 % increase in total covers served . food and beverage operating expenses as a percentage of food and beverage revenues in the twelve months ended december 31 , 2015 were 39.4 % compared to 40.9 % over the same period in 2014 due primarily to an increase in revenues related to menu price increases in anticipation of commodity price increases . story_separator_special_tag we paid approximately $ 377 thousand in lease payments for the leased driveway space and $ 84 thousand in operating expenses for the shopping center during the year ended december 31 , 2015 . 40 in response to customer demand for more convenient surface parking at the atlantis , and after detailed analysis , on august 28 , 2015 , the company , through its subsidiary golden road , entered into a 20-year lease ( the parking lot lease ) with bli with respect to a portion of the shopping center . this lease gives the atlantis the right to use a parcel , approximately 4.2 acres , comprised of commercial building and surrounding land adjacent to the atlantis . the primary purpose of the parking lot lease is to provide additional , convenient , atlantis surface parking . we have demolished the commercial building and are in the process of converting the now vacant land into approximately 300 additional surface parking spaces for the atlantis . completion of this work is expected in the second quarter of 2016. the minimum annual rent under the parking lot lease is $ 695 thousand , commencing on november 17 , 2015. the minimum annual rent is subject to a cost of living adjustment increase on each five year anniversary . we have an option to renew the parking lot lease for an additional 10-year term . if we elect not to exercise its renewal option , we will be obligated to pay bli $ 1.6 million . commitments and contingencies our contractual cash obligations as of december 31 , 2015 and the next five years and thereafter are as follows ( in millions ) : replace_table_token_6_th ( 1 ) because interest payments under our credit facility are subject to factors that in our judgment vary materially , the amount of future interest payments is not presently determinable . these factors include : i ) future short-term interest rates ; ii ) our future leverage ratio which varies with ebitda and our borrowing levels ; and iii ) the rate at which we deploy capital and other spending which in turn impacts the level of future borrowings . the interest rate under our credit facility is libor , or a base rate ( as defined in the credit facility agreement ) , plus an interest rate margin ranging from 1.25 % to 2.50 % depending on our leverage ratio . the interest rate is adjusted quarterly based on our leverage ratio which is calculated using operating results over the previous four quarters and borrowings at the end of the most recent quarter . based on our leverage ratio , at december 31 , 2015 pricing was libor plus 1.25 % and will be adjusted in subsequent quarters in accordance with our leverage ratio . at december 31 , 2015 , the one-month libor rate was 0.43 % . ( 2 ) operating leases include the leased driveway pursuant to the driveway project , the parking lot lease and executive housing in colorado . ( 3 ) purchase obligations represent approximately $ 7.1 million of commitments related to capital projects and approximately $ 4.6 million of materials and supplies used in the normal operation of our business . of the total purchase order and construction commitments , approximately $ 11.7 million are cancelable by us upon providing a 30-day notice . ( 4 ) construction contracts obligations represent commitments related to the expansion projects in monarch casino black hawk . the $ 11.6 million of the commitment relates to construction of the new garage building . ( 5 ) the amount represents outstanding draws against the credit facility as of december 31 , 2015 . 41 as described in the  capital spending and development section above , we have begun commencement of a substantial expansion of our monarch casino black hawk facility starting in 2014. while we have disclosed the estimated cost of that expansion , we have not entered into contracts for substantial portions of the work . for this reason , we have included in the table above only the amounts for which we have contractual commitments . critical accounting policies and estimates we prepare our consolidated financial statements in conformity with accounting principles generally accepted in the united states ( gaap ) . certain of our policies , including the estimated useful lives assigned to our assets , the determination of the allowance for doubtful accounts and allowance for unredeemed gift certificates , self-insurance reserves , the calculation of income tax liabilities and the calculation of stock-based compensation , require that we apply significant judgment in defining the appropriate assumptions for calculating financial estimates . by their nature , these judgments are subject to an inherent degree of uncertainty . our judgments are based on historical experience , terms of existing contracts , observation of trends in the industry , information provided by customers and information available from other outside sources , as appropriate . there can be no assurance that actual results will not differ from our estimates . to provide an understanding of the methodologies applied , our significant accounting policies are discussed where appropriate in this discussion and analysis and in the notes to consolidated financial statements . the consolidated financial statements include the accounts of monarch and its subsidiaries . intercompany balances and transactions are eliminated . allowance for doubtful accounts the company extends short-term credit to its gaming customers . such credit is non-interest bearing and is due on demand . in addition , the company also has receivables due from hotel guests which are primarily secured with a credit card at the time a customer checks in . an allowance for doubtful accounts is established for all company receivables based upon the company 's historical collection and write-off experience , unless situations warrant a specific identification of a necessary reserve related to certain receivables . the company charges off its uncollectible receivables once all

liquidity and capital resources for the year ended december 31 , 2015 , net cash provided by operating activities totaled $ 38.2 million , an increase of approximately $ 7.0 million , or 22.4 % , compared to the same period of the prior year . this increase was primarily the result of an increase in net income of $ 6.5 million combined with changes in ordinary working capital accounts , partially offset by a decrease in depreciation expense . net cash used in investing activities totaled $ 38.0 million and $ 19.8 million in the years ended december 31 , 2015 and december 31 , 2014 , respectively . net cash used in investing activities during 2015 and 2014 consisted primarily of net cash used for redesigning and upgrading the monarch casino black hawk property and for acquisition of gaming equipment and general upgrades at the atlantis property . 38 during the year ended december 31 , 2015 , net cash used in financial activities of $ 0.6 million resulted from 5.4 million payment made on our credit facility offset by $ 4.8 million proceeds from exercise of stock options , including tax benefits . during the year ended december 31 , 2014 , net cash used in financing activities of $ 9.1 million represented $ 7.5 million of payments made on our credit facility and $ 1.9 million in proceeds from the exercise of stock options , including tax benefit and net of $ 3.5 million in income taxes paid to satisfy minimum tax withholdings . as of december 31 , 2015 , our credit facility ( credit facility ) had total availability of $ 48.5 million of which $ 40.9 million was outstanding .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources for the year ended december 31 , 2015 , net cash provided by operating activities totaled $ 38.2 million , an increase of approximately $ 7.0 million , or 22.4 % , compared to the same period of the prior year . this increase was primarily the result of an increase in net income of $ 6.5 million combined with changes in ordinary working capital accounts , partially offset by a decrease in depreciation expense . net cash used in investing activities totaled $ 38.0 million and $ 19.8 million in the years ended december 31 , 2015 and december 31 , 2014 , respectively . net cash used in investing activities during 2015 and 2014 consisted primarily of net cash used for redesigning and upgrading the monarch casino black hawk property and for acquisition of gaming equipment and general upgrades at the atlantis property . 38 during the year ended december 31 , 2015 , net cash used in financial activities of $ 0.6 million resulted from 5.4 million payment made on our credit facility offset by $ 4.8 million proceeds from exercise of stock options , including tax benefits . during the year ended december 31 , 2014 , net cash used in financing activities of $ 9.1 million represented $ 7.5 million of payments made on our credit facility and $ 1.9 million in proceeds from the exercise of stock options , including tax benefit and net of $ 3.5 million in income taxes paid to satisfy minimum tax withholdings . as of december 31 , 2015 , our credit facility ( credit facility ) had total availability of $ 48.5 million of which $ 40.9 million was outstanding .
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 Suspicious Activity Report : operating results summary our operating results may be affected by , among other things , competitive factors , gaming tax increases , the commencement of new gaming operations , construction at our facilities , general public sentiment regarding travel , overall economic conditions and governmental policies affecting the disposable income of our patrons and weather conditions affecting our properties , as well as those matters discussed in item 1a . risk factors above . 33 the following significant factors and trends should be considered in analyzing our operating performance : atlantis : our business strategy is to maximize revenues , operating income and cash flow primarily through our casino , food and beverage operations and hotel operations . during the recessionary periods of 2008 and 2009 , we expanded and upgraded the facility . with quality gaming , hotel and dining products , we believe the atlantis is well positioned to benefit from future macro and local economic growth . several national businesses have announced plans to expand or relocate operations to northern nevada . while such economic activity could ultimately drive additional revenue and profit at atlantis , we are experiencing the more immediate effect of increased labor costs , which combined with continued aggressive marketing programs by our competitors have applied upward pressure on atlantis operating costs . monarch casino black hawk : since the acquisition of monarch casino black hawk in april 2012 , our focus has been to maximize casino and food and beverage revenues while upgrading the existing facility and laying the groundwork for the major expansion that we plan . there is currently no hotel on the property . in october 2012 , we began a project to redesign and upgrade the existing monarch casino black hawk facility . in september 2013 , we opened a new buffet , which was an important step in our ongoing process of redesigning and upgrading the existing monarch casino black hawk facility . in december 2013 , we began a project to remodel and upgrade the casino . to minimize disruption , we staged the work in three equal phases . the first phase was completed and opened in august 2014. the second phase was completed and opened in march 2015 and the final phase was completed and opened in august 2015. in the fourth quarter of 2013 , we began work on a multi-phased expansion of the monarch casino black hawk which involves construction of a new parking structure , demolition of the existing parking structure followed by construction of a new hotel tower and casino expansion on the site where the existing parking structure currently sits ( see master planned expansion of the monarch casino black hawk ) . the planned nine-story parking structure will increase total parking on site from approximately 500 spaces to approximately 1,500 spaces . once completed , the monarch casino black hawk expansion will nearly double the casino space and will add a 23-story hotel tower with approximately 500 guest rooms and suites , an upscale spa and pool facility , three additional restaurants ( increasing the total to four ) , additional bars , a new parking structure and associated support facilities . we currently expect completion of the entire expansion in the third quarter of 2018. results of operations comparison of operating results for the years ended december 31 , 2015 and 2014 for the year ended december 31 , 2015 , our net income totaled $ 20.7 million , or $ 1.19 per diluted share , compared to net income of $ 14.2 million , or $ 0.83 per diluted share for the same period of 2014 , reflecting a 45.6 % increase in net income and a 43.4 % increase in diluted earnings per share . net revenue for the year ended december 31 , 2015 and 2014 , is $ 202.2 million and $ 187.8 million , respectively , reflecting an increase of $ 14.5 million , or 7.7 % . income from operations for the year ended december 31 , 2015 totaled $ 32.5 million compared to $ 22.2 million for the same period in 2014 , representing an increase of $ 10.3 million or 46.5 % . casino revenues increased 8.1 % in the year ended december 31 , 2015 compared to the same period of 2014. casino revenues increased at both the monarch casino black hawk and at the atlantis . the increase in monarch casino black hawk revenues is primarily due to the completion of the casino floor upgrade and remodel which attracted more gaming customers . the increase in casino revenues at the atlantis was driven primarily by the increased local patrons visitation . casino operating expenses as a percentage of casino revenue decreased to 42.1 % for the twelve months ended december 31 , 2015 , compared to 42.4 % in 2014 due to the effect of higher casino revenues partially offset by higher casino expense . 34 food and beverage revenues for the twelve months ended december 31 , 2015 increased 8.1 % over the same period in 2014 , due to a 5.4 % increase in average revenue per cover , combined with a 2.5 % increase in total covers served . food and beverage operating expenses as a percentage of food and beverage revenues in the twelve months ended december 31 , 2015 were 39.4 % compared to 40.9 % over the same period in 2014 due primarily to an increase in revenues related to menu price increases in anticipation of commodity price increases . story_separator_special_tag we paid approximately $ 377 thousand in lease payments for the leased driveway space and $ 84 thousand in operating expenses for the shopping center during the year ended december 31 , 2015 . 40 in response to customer demand for more convenient surface parking at the atlantis , and after detailed analysis , on august 28 , 2015 , the company , through its subsidiary golden road , entered into a 20-year lease ( the parking lot lease ) with bli with respect to a portion of the shopping center . this lease gives the atlantis the right to use a parcel , approximately 4.2 acres , comprised of commercial building and surrounding land adjacent to the atlantis . the primary purpose of the parking lot lease is to provide additional , convenient , atlantis surface parking . we have demolished the commercial building and are in the process of converting the now vacant land into approximately 300 additional surface parking spaces for the atlantis . completion of this work is expected in the second quarter of 2016. the minimum annual rent under the parking lot lease is $ 695 thousand , commencing on november 17 , 2015. the minimum annual rent is subject to a cost of living adjustment increase on each five year anniversary . we have an option to renew the parking lot lease for an additional 10-year term . if we elect not to exercise its renewal option , we will be obligated to pay bli $ 1.6 million . commitments and contingencies our contractual cash obligations as of december 31 , 2015 and the next five years and thereafter are as follows ( in millions ) : replace_table_token_6_th ( 1 ) because interest payments under our credit facility are subject to factors that in our judgment vary materially , the amount of future interest payments is not presently determinable . these factors include : i ) future short-term interest rates ; ii ) our future leverage ratio which varies with ebitda and our borrowing levels ; and iii ) the rate at which we deploy capital and other spending which in turn impacts the level of future borrowings . the interest rate under our credit facility is libor , or a base rate ( as defined in the credit facility agreement ) , plus an interest rate margin ranging from 1.25 % to 2.50 % depending on our leverage ratio . the interest rate is adjusted quarterly based on our leverage ratio which is calculated using operating results over the previous four quarters and borrowings at the end of the most recent quarter . based on our leverage ratio , at december 31 , 2015 pricing was libor plus 1.25 % and will be adjusted in subsequent quarters in accordance with our leverage ratio . at december 31 , 2015 , the one-month libor rate was 0.43 % . ( 2 ) operating leases include the leased driveway pursuant to the driveway project , the parking lot lease and executive housing in colorado . ( 3 ) purchase obligations represent approximately $ 7.1 million of commitments related to capital projects and approximately $ 4.6 million of materials and supplies used in the normal operation of our business . of the total purchase order and construction commitments , approximately $ 11.7 million are cancelable by us upon providing a 30-day notice . ( 4 ) construction contracts obligations represent commitments related to the expansion projects in monarch casino black hawk . the $ 11.6 million of the commitment relates to construction of the new garage building . ( 5 ) the amount represents outstanding draws against the credit facility as of december 31 , 2015 . 41 as described in the  capital spending and development section above , we have begun commencement of a substantial expansion of our monarch casino black hawk facility starting in 2014. while we have disclosed the estimated cost of that expansion , we have not entered into contracts for substantial portions of the work . for this reason , we have included in the table above only the amounts for which we have contractual commitments . critical accounting policies and estimates we prepare our consolidated financial statements in conformity with accounting principles generally accepted in the united states ( gaap ) . certain of our policies , including the estimated useful lives assigned to our assets , the determination of the allowance for doubtful accounts and allowance for unredeemed gift certificates , self-insurance reserves , the calculation of income tax liabilities and the calculation of stock-based compensation , require that we apply significant judgment in defining the appropriate assumptions for calculating financial estimates . by their nature , these judgments are subject to an inherent degree of uncertainty . our judgments are based on historical experience , terms of existing contracts , observation of trends in the industry , information provided by customers and information available from other outside sources , as appropriate . there can be no assurance that actual results will not differ from our estimates . to provide an understanding of the methodologies applied , our significant accounting policies are discussed where appropriate in this discussion and analysis and in the notes to consolidated financial statements . the consolidated financial statements include the accounts of monarch and its subsidiaries . intercompany balances and transactions are eliminated . allowance for doubtful accounts the company extends short-term credit to its gaming customers . such credit is non-interest bearing and is due on demand . in addition , the company also has receivables due from hotel guests which are primarily secured with a credit card at the time a customer checks in . an allowance for doubtful accounts is established for all company receivables based upon the company 's historical collection and write-off experience , unless situations warrant a specific identification of a necessary reserve related to certain receivables . the company charges off its uncollectible receivables once all

