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    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000937326</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0000907242</issuerCik>
      <issuerName>MONARCH CASINO &amp; RESORT INC</issuerName>
      <secFileNumber>000-22088</secFileNumber>
      <issuerAddress>
        <com:street1>3800 S VIRGINIA STREET</com:street1>
        <com:street2>EXECUTIVE OFFICES</com:street2>
        <com:city>RENO</com:city>
        <com:stateOrCountry>NV</com:stateOrCountry>
        <com:zipCode>89502</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>775-335-4600</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>FARAHI BOB</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>AFFILIATE</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Fidelity Brokerage Services LLC</name>
        <address>
          <com:street1>245 Summer Street</com:street1>
          <com:city>BOSTON</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02110</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>65000</noOfUnitsSold>
      <aggregateMarketValue>4405700.00</aggregateMarketValue>
      <noOfUnitsOutstanding>19122289</noOfUnitsOutstanding>
      <approxSaleDate>05/04/2023</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <acquiredDate>08/09/2013</acquiredDate>
      <natureOfAcquisitionTransaction>STOCK OPTION EXERCISE</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>50000</amountOfSecuritiesAcquired>
      <paymentDate>08/09/2013</paymentDate>
      <natureOfPayment>COMPENSATION</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <acquiredDate>03/07/2022</acquiredDate>
      <natureOfAcquisitionTransaction>STOCK AWARD</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>15000</amountOfSecuritiesAcquired>
      <paymentDate>03/07/2022</paymentDate>
      <natureOfPayment>COMPENSATION</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>5,000 SHARES SOLD BY THE SANAM FARAHI IRREV TRUST
5,000 SHARES SOLD BY THE SHADI FARAHI IRRVOC TR
5,000 SHARES SOLD BY THE SAHAR FARAHI IRRVOC TR
50,000 SHARES SOLD BY BAHRAM FARAHI</remarks>
    <noticeSignature>
      <noticeDate>05/04/2023</noticeDate>
      <signature>/s/ Cristina Garcia as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Bahram Farahi</signature>
    </noticeSignature>
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144
0000937326
XXXXXXXX
LIVE
0000907242
MONARCH CASINO & RESORT INC
000-22088
3800 S VIRGINIA STREET
EXECUTIVE OFFICES
RENO
NV
89502
775-335-4600
FARAHI BOB
AFFILIATE
COMMON
Fidelity Brokerage Services LLC
245 Summer Street
BOSTON
MA
02110
65000
4405700.00
19122289
05/04/2023
NASDAQ
COMMON
08/09/2013
STOCK OPTION EXERCISE
ISSUER
N
50000
08/09/2013
COMPENSATION
COMMON
03/07/2022
STOCK AWARD
ISSUER
N
15000
03/07/2022
COMPENSATION
Y
5,000 SHARES SOLD BY THE SANAM FARAHI IRREV TRUST
5,000 SHARES SOLD BY THE SHADI FARAHI IRRVOC TR
5,000 SHARES SOLD BY THE SAHAR FARAHI IRRVOC TR
50,000 SHARES SOLD BY BAHRAM FARAHI
05/04/2023
/s/ Cristina Garcia as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Bahram Farahi