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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MhlzdGGJZU7pU8mav07bLt0iLYy0B8GeHk8oHrQiXgGK7I0hB3gclArLcbvrsVk5
 k5LgigAfXkLT1pTYAHpbiQ==

<SEC-DOCUMENT>0000907242-02-000017.txt : 20020502
<SEC-HEADER>0000907242-02-000017.hdr.sgml : 20020501
ACCESSION NUMBER:		0000907242-02-000017
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020430
FILED AS OF DATE:		20020502

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MONARCH CASINO & RESORT INC
		CENTRAL INDEX KEY:			0000907242
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				880300760
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22088
		FILM NUMBER:		02630801

	BUSINESS ADDRESS:	
		STREET 1:		1175 W MOANA LANE
		STREET 2:		STE 200
		CITY:			RENO
		STATE:			NV
		ZIP:			89509
		BUSINESS PHONE:		7758253355

	MAIL ADDRESS:	
		STREET 1:		1175 W MOANA LANE
		STREET 2:		STE 200
		CITY:			RENO
		STATE:			NV
		ZIP:			89509
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			MONARCH CASINO & RESORT INC
	CENTRAL INDEX KEY:			0000907242
	STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
<RELATIONSHIP>OWNER
	IRS NUMBER:				880300760
	STATE OF INCORPORATION:			NV
	FISCAL YEAR END:			1231

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		1175 W MOANA LANE
	STREET 2:		STE 200
	CITY:			RENO
	STATE:			NV
	ZIP:			89509
	BUSINESS PHONE:		7758253355

MAIL ADDRESS:	
	STREET 1:		1175 W MOANA LANE
	STREET 2:		STE 200
	CITY:			RENO
	STATE:			NV
	ZIP:			89509
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>frm4e.txt
<DESCRIPTION>FOR JILA FARAHI FOR THE MONTH ENDED APRIL 30, 2002
<TEXT>

                                 United States
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                    FORM 4
                 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

     Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
30(f) of the Investment Company Act of 1940.

[ ] Check box if no longer subject to section 16.  Form 4 or Form 5
    obligations may continue.


      Jila Farahi                      Monarch Casino & Resort, Inc. - MCRI
- -------------------------            ----------------------------------------
 Name of Reporting Person            Issuer Name and Ticker or Trading Symbol

     1175 West Moana Lane, Suite 200                    Reno, NV 89509
     -------------------------------                   ----------------
       Address of Reporting Person                     City, State, Zip


         -------------------------------------------------------------
         IRS or Social Security Number of Reporting Person (Voluntary)

      April, 2002
- ------------------------                            ---------------------
Statement for Month/Year                            If Amendment, Date of
                                                    Original (Month/Year)

- -----------------------------------------------------------------------------

      Relationship of Reporting Person to Issuer (Check all applicable)

     Director           Officer           10% Owner  X        Other
             -----             -----               -----           -----

- -----------------------------------------------------------------------------

Individual or Joint/Group Filing (Check applicable line)

  [X]   Form filed by One Reporting Person

  [ ]   Form filed by More than One Reporting Person

- -----------------------------------------------------------------------------










                                    -1-

TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially
          Owned

<TABLE>
<CAPTION>

Title of     Transaction   Transaction   Securities Acquired (A)     Amount of    Ownership      Nature of
Security     Date          Code          or Disposed of (D)          Securities   Form:          Indirect
                                                                     Beneficially Direct (D)     Beneficial
                                                                     Owned at End or Indirect(I) Ownership
                                                                     of Month
                           ------------  --------------------------
                           Code      V   Amount   (A) or (D)  Price
- --------     -----------   -------- ---  -------- ----------- -----  ------------ ------------- ----------
<S>          <C>           <C>      <C>  <C>      <C>         <C>    <C>          <C>            <C>
Common Stock   04/11/02     S             2,000        D      $11.00   864,800           D
Common Stock   04/12/02     S               900        D       11.00   864,800           D
Common Stock   04/15/02     S               900        D       11.00   864,800           D
Common Stock   04/16/02     S               100        D       11.00   864,800           D
Common Stock   04/17/02     S             1,000        D       11.00   864,800           D
Common Stock   04/18/02     S               300        D       11.00   864,800           D
Common Stock   04/19/02     S               400        D       11.00   864,800           D
</TABLE>



TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

           None.














                                                    -2-

                                 SIGNATURES



                  Signature of Reporting Person      /S/ Jila Farahi
                                                     ---------------
                                                       JILA FARAHI


                                                         05/01/02
                                                         --------
                                                           DATE














































                                    -3-

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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