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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000907242-02-000019.txt : 20020528
<SEC-HEADER>0000907242-02-000019.hdr.sgml : 20020527
<ACCEPTANCE-DATETIME>20020528152016
ACCESSION NUMBER:		0000907242-02-000019
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20020524
ITEM INFORMATION:		Changes in registrant's certifying accountant
FILED AS OF DATE:		20020528

FILER:

	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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22088
		FILM NUMBER:		02663471

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>dt8ke.txt
<TEXT>

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

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


                                    FORM 8-K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported):      May 24, 2002

                          MONARCH CASINO & RESORT, INC.
             (Exact name of registrant as specified in its charter)


          NEVADA                     0-22088                  88-0300760
(State or other jurisdiction       (Commission             (I.R.S. Employer
      of incorporation)             File Number)          Identification No.)


     1175 W. Moana Lane, Suite 200
            Reno, NEVADA                                          89509
(Address of Principal Executive Offices)                        (Zip Code)



                                 (775)825-3355
              ----------------------------------------------------
              (Registrant's telephone number, including area code)

                                 NOT APPLICABLE
              ----------------------------------------------------
          (Former name or former address, if changed since last report)


ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

(a)      Dismissal of previous independent accountants

         (i)      On May 24, 2002, Monarch Casino & Resort, Inc., or Monarch,
                  dismissed Arthur Andersen LLP, or Andersen, as its
                  independent public accountants. Monarch's Audit Committee
                  and Board of Directors participated in and approved the
                  decision to dismiss Andersen.

         (ii)     The reports of Andersen on the financial statements of
                  Monarch for the past two fiscal years contained no
                  adverse opinion or disclaimer of opinion and were not
                  qualified or modified as to uncertainty, audit scope or
                  accounting principle.

         (iii)    During the two most recent fiscal years and through May 24,
                  2002, there have been no disagreements between Monarch and
                  Andersen on any matter of accounting principles or
                  practices, financial statement disclosure, or auditing
                  scope or procedure, which disagreements, if not resolved to
                  the satisfaction of Andersen, would have caused Andersen to
                  make reference to the subject matter thereof in its report
                  on Monarch's financial statements for such periods.

         (iv)     During the two most recent fiscal years and through May 24,
                  2002, there have been no reportable events (as defined in
                  Item 304(a)(1)(v) of Regulation S-K).

         (v)      At the request of Monarch, Andersen furnished a letter
                  addressed to the SEC stating that it agrees with the above
                  statements. A copy of such letter, dated May 24, 2002, is
                  filed as Exhibit 16 to this Form 8-K.

(b)      Engagement of new independent accountants.

         (i)      Monarch engaged Deloitte & Touche LLP as its new
                  independent accountants as of May 24, 2002. During the two
                  most recent fiscal years and through May 24, 2002, Monarch
                  has not consulted with Deloitte & Touche LLP regarding the
                  matters described in, and required to be disclosed pursuant
                  to, Item 304(a)(2)(i) or Item 304(a)(2)(ii) of Regulation
                  S-K.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

         (c)      Exhibits

                  16 (1)  Arthur Andersen LLP Letter Dated May 24,
                          2002







                                     -2-
                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

                                           MONARCH CASINO & RESORT, INC.


Date:    May 24, 2002                     By: /s/ Ben Farahi
                                              -------------------------------
                                          Name:   Ben Farahi
                                          Title:  Chief Financial Officer,
                                                  Treasurer and Secretary












































                                     -3-

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-16
<SEQUENCE>3
<FILENAME>ex16e.txt
<TEXT>

                                                                   Exhibit 16




May 24, 2002

Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549

Dear Sir / Madam:

We have read paragraphs (a)(i) through (a)(v) of Item 4 included in the Form 8-
K dated May 24, 2002, of Monarch Casino & Resort, Inc. to be filed with the
Securities and Exchange Commission and are in agreement with the statements
contained therein.

Sincerely,


ARTHUR ANDERSEN LLP

/s/  Thomas M. Roche

































                                     -4-

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