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 David-Jacques 2. Issuer Name and Ticker or Trading Symbol MONARCH CASINO & RESORT INC [ MCRI ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
COO
(Last)         (First)         (Middle)
3800 S. VIRGINIA STREET
3. Date of Earliest Transaction (MM/DD/YYYY)
9/30/2020
(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                 17346  D   

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  $44.6  9/30/2020    A     18333      9/30/2023  9/30/2030  Common Stock  18333  $44.6  316664  D   
Options / Right to Buy  $47.28                  3/1/2023  3/1/2030  Common Stock  1667    316664  D   
Options / Right to Buy  $53.68                  2/1/2023  2/1/2030  Common Stock  13333    316664  D   
Options / Right to Buy   (1)                  (1)  (1) Common Stock  33333    316664  D   
Options / Right to Buy   (2)                  (2)  (2) Common Stock  83333    316664  D   
Options / Right to Buy   (3)                  (3)  (3) Common Stock  33332    316664  D   
Options / Right to Buy   (4)                  (4)  (4) Common Stock  19999    316664  D   
Options / Right to Buy   (5)                  (5)  (5) Common Stock  20001    316664  D   
Options / Right to Buy   (6)                  (6)  (6) Common Stock  50000    316664  D   
Options / Right to Buy   (7)                  (7)  (7) Common Stock  9999    316664  D   
Options / Right to Buy   (8)                  (8)  (8) Common Stock  31667    316664  D   
Options / Right to Buy  $9.3                  8/13/2014  8/13/2021  Common Stock  1667    316664  D   

Explanation of Responses:
(1)  In 2019 Mr. Farahi was granted 33,333 stock options, as follow: (i) 13,334 stock options at $43.30 exercise price, which vest on February 1, 2022; (ii) 1,666 stock options at $44.31 exercise price, which vest on March 1, 2022; (iii) 6,666 stock options at $45.69 exercise price, which vest on August 1, 2022 and (v) 11,667 stock options at $44.38 exercise price, which vest on September 1, 2022. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.
(2)  In 2018 Mr. Farahi was granted 83,333 stock options, as follow: (i) 13,333 stock options at $45.55 exercise price, which vest on February 1, 2021; (ii) 1,667 stock options at $42.46 exercise price, which vest on March 1, 2021; (iii) 50,000 stock options at $42.74 exercise price, of which 16,666 vest on May 3, 2021, 16,667 vest on May 3, 2022 and 16,667 vest on May 3, 2023; (iv) 6,667 stock options at $47.81 exercise price, which vest on August 1, 2021 and (v) 11,666 stock options at $47.05 exercise price, which vest on September 1, 2021. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.
(3)  In 2017 Mr. Farahi was granted 33,332 stock options, as follow: (i) 13,333 stock options at $23.54 exercise price, which vest on February 1, 2020; (ii) 1,666 stock options at $26.93 exercise price, which vest on March 1, 2020; (iii) 6,667 stock options at $33.34 exercise price, which vest on August 1, 2020 and (iv) 11,666 stock options at $35.10 exercise price, which vest on September 1, 2018. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.
(4)  In 2016 Mr. Farahi was granted 19,999 stock options, as follow: (i) 1,666 stock options at $20.49 exercise price, which vested on March 1, 2019; (ii) 6,666 stock options at $23.52 exercise price, which vested on August 1, 2019 and (iii) 11,667 stock options at $23.63 exercise price, which vested on September 1, 2019. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.
(5)  In 2015 Mr. Farahi was granted 20,001 stock options, as follow: (i) 1,666 stock options at $17.08 exercise price, which vested on February 10, 2018; (ii) 6,667 stock options at $20.69 exercise price, which vested on July 12, 2018; (iii) 1,667 stock options at $18.44 exercise price, which vested on August 13, 2018 and (iv) 10,000 stock options at $17.60 exercise price, which vested on August 21, 2018. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.
(6)  In 2014 Mr. Farahi was granted 50,000 stock options, as follows: (i) 40,000 stock options at $19.00, of which 13,333 vested on January 17, 2017, 13,333 vested on January 17, 2018 and 13,334 vested on January 17, 2019; (ii) 1,666 stock options at $18.41 exercise price, which vested on February 10, 2017; (iii) 6,667 stock options at $14.95 exercise price, which vested on July 12, 2017 and (iv) 1,667 stock options at $12.40 exercise price, which vested on August 13, 2017. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.
(7)  In 2013 Mr. Farahi was granted 9,999 stock options, as follow: (i) 1,666 stock options at $10.33 exercise price, which vested on February 10, 2016; (ii) 6,666 stock options at $17.79 exercise price, which vested on July 12, 2016 and (iii) 1,667 stock options at $20.00 exercise price, which vested on August 13, 2016. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.
(8)  In 2012 Mr. Farahi was granted 31,667 stock options, as follow: (i) 30,000 stock options at $7.55 exercise price , of which 10,000 vested on August 21, 2015, 10,000 vested on August 21, 2016 and 10,000 vested on August 21, 2017 and (ii) 1,667 stock options at $7.42 exercise price, which vested on August 13, 2015. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Farahi David-Jacques
3800 S. VIRGINIA STREET
RENO, NV 89502


COO

Signatures
David Farahi 10/6/2020
**Signature of Reporting Person Date
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