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      <liveTestFlag>LIVE</liveTestFlag>



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      <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 JOHN</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
        <relationshipToIssuer>10% Stockholder</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Wells Fargo Clearing Services</name>
        <address>
          <com:street1>One North Jefferson Avenue</com:street1>
          <com:city>St. Louis</com:city>
          <com:stateOrCountry>MO</com:stateOrCountry>
          <com:zipCode>63103</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>1000</noOfUnitsSold>
      <aggregateMarketValue>68474.95</aggregateMarketValue>
      <noOfUnitsOutstanding>19067522</noOfUnitsOutstanding>
      <approxSaleDate>12/26/2023</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
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    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>04/02/2014</acquiredDate>
      <natureOfAcquisitionTransaction>Stock Option</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1000</amountOfSecuritiesAcquired>
      <paymentDate>04/02/2014</paymentDate>
      <natureOfPayment>CASH</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
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      <sellerDetails>
        <name>John and Catherine Farahi Family Foundation</name>
        <address>
          <com:street1>3800 S Virginia St.</com:street1>
          <com:city>Reno</com:city>
          <com:stateOrCountry>NV</com:stateOrCountry>
          <com:zipCode>89502</com:zipCode>
        </address>
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      <securitiesClassTitle>Monarch Casino &amp; Resort, Inc.</securitiesClassTitle>
      <saleDate>12/15/2023</saleDate>
      <amountOfSecuritiesSold>2000</amountOfSecuritiesSold>
      <grossProceeds>136189.78</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>shares were sold in an account for John and Catherine Farahi Family Foundation, John Farahi is a director of the foundation.</remarks>
    <noticeSignature>
      <noticeDate>12/26/2023</noticeDate>
      <signature>John Farahi</signature>
    </noticeSignature>
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144
0000937318
XXXXXXXX
LIVE
0000907242
MONARCH CASINO & RESORT INC
000-22088
3800 S VIRGINIA STREET
EXECUTIVE OFFICES
RENO
NV
89502
775-335-4600
FARAHI JOHN
Officer
Director
10% Stockholder
Common
Wells Fargo Clearing Services
One North Jefferson Avenue
St. Louis
MO
63103
1000
68474.95
19067522
12/26/2023
NASDAQ
Common
04/02/2014
Stock Option
Issuer
N
1000
04/02/2014
CASH
N
John and Catherine Farahi Family Foundation
3800 S Virginia St.
Reno
NV
89502
Monarch Casino & Resort, Inc.
12/15/2023
2000
136189.78
shares were sold in an account for John and Catherine Farahi Family Foundation, John Farahi is a director of the foundation.
12/26/2023
John Farahi