FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * FARAHI BOB 2. Issuer Name and Ticker or Trading Symbol MONARCH CASINO & RESORT INC [ MCRI ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President
(Last)         (First)         (Middle)
MONARCH CASINO & RESORT INC, 3800 S. VIRGINIA STREET
3. Date of Earliest Transaction (MM/DD/YYYY)
3/16/2020
(Street)
RENO, NV 89502
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  3/16/2020    P    5000  A $20.11  398265  D   
Common Stock                 435000  I  Trust1 
Common Stock                 434626  I  Trust2 
Common Stock                 100000  I  Trust3 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options / Right to Buy  $43.24                  11/1/2022  11/1/2029  Common Stock  33333    245674  D   
Options / Right to Buy  $39.82                  11/1/2021  11/1/2028  Common Stock  33334    245674  D   
Options / Right to Buy  $45.32                  11/1/2020  11/1/2027  Common Stock  33333    245674  D   
Options / Right to Buy  $23.08                  11/1/2019  11/1/2026  Common Stock  33333    245674  D   
Options / Right to Buy  $17.62                  10/21/2018  10/21/2025  Common Stock  33334    245574  D   
Options / Right to Buy  $12.32                  10/21/2017  10/21/2024  Common Stock  33334    245674  D   
Options / Right to Buy  $21.71                  10/21/2016  10/21/2023  Common Stock  33334    245674  D   
Options / Right to Buy  $9.33                  10/21/2014  10/21/2021  Common Stock  12339    245674  D   

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
FARAHI BOB
MONARCH CASINO & RESORT INC
3800 S. VIRGINIA STREET
RENO, NV 89502
X
President

Signatures
Bob Farahi 3/26/2020
**Signature of Reporting Person Date
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