October 11, 2005

Mail Stop 3561

Via US Mail and Facsimile

Mr. Ben Farahi
Chief Financial Officer
1175 W. Moana Lane, Suite 200
Reno, Nevada 89509

Re:	Monarch Casino & Resort, Inc.
	Form 10-K for the year ended December 31, 2004
	Forms 10-QSB for the periods ended June 30, 2005 and March
31,
2005
	Commission file #: 000-22088

Dear Mr. Farahi:

We have reviewed the above referenced filing and have the
following
comments.  Where indicated, we think you should revise your
document
in response to these comments.  If you disagree, we will consider
your explanation as to why our comment is inapplicable or a
revision
is unnecessary.  Please be as detailed as necessary in your
explanation.  In some of our comments, we may ask you to provide
us
with supplemental information so we may better understand your
disclosure.  After reviewing this information, we may or may not
raise additional comments.

Please understand that the purpose of our review process is to
assist
you in your compliance with the applicable disclosure requirements
and to enhance the overall disclosure in your filing.  We look
forward to working with you in these respects.  We welcome any
questions you may have about our comments or any other aspect of
our
review.  Feel free to call us at the telephone numbers listed at
the
end of this letter.
* * * * * * * * * * * * * * * * * * * * * * *
Form 10-K for the year ended December 31, 2004

Marketing Strategy, page 9

1. We note the disclosure on page 9 indicating that the Company
has
implemented a frequent player club which allows customers to be
eligible to receive rewards and privileges based on the amount of
their play.  Please tell us and explain in the notes to your
financial statements in future filings, the nature of the rewards
that may be redeemed by the customers, (i.e., cash, discounted
rooms,
food and other goods and services). Also please explain how you
recognize and classify awards earned by customers under this
program.


Financial Statements

Statements of Income, page 37

2. We note that you have presented a net amount of interest
expense
on the face of the statements of income.  To the extent that
interest
income is material, please separately disclose interest expense
and
income in future filings.  See Rule 5-03(7) and (8) of Regulation
S-
X.

Notes to the Financial Statements

- - General

3. We note from your disclosure on page 32 of the MD&A section
that
the Farahi family beneficially owns stock representing
approximately
50.7% of the voting stock of the Company and has the effective
power
to control the vote on substantially all significant matters
without
the approval of other stockholders.  In future filings, please
revise
the notes to the financial statements to disclose the existence of
this potential control relationship with respect to your
outstanding
common shares.  Refer to the requirements of paragraph 2 of SFAS
57.

4. We note from Item 3 that you include disclosure of a legal
proceeding related to complaints in a class action lawsuit seeking
damages in excess of $1 billion.  In future filings, please
include
discussion of the complaint and management`s expectations as to
the
outcome in your notes to the financial statements or explain why
you
do not believe this is required.  See paragraph 10 of    SFAS 5.

Note 2. Accounts Receivable, page 48

5. We note that you have established an allowance for doubtful
accounts.  In future filings, please revise your note to include a
description of the accounting policies and methodology the entity
used to estimate the allowance for doubtful accounts, your policy
for
determining past due or delinquency status, and your policy for
charging off uncollectible loans and trade receivables.  See
paragraph 13a-c of SOP 01-6.





Note 4. Lease Commitments, page 49

6. We note that your minimum lease term for the corner of the
shopping center is subject to increase every 60 months based on
the
CPI and that you have the option to renew the lease for 3 five-
year
terms at the end of the extension period you have the option to
purchase the leased section.  Please tell us and explain in the
notes
to your financial statements how the Company accounts for rent
expense under leases that provide for escalating rentals over the
related lease term and renewal options. If a method other than the
straight-line method is used to recognize this expense, please
explain why the Company`s believes this method is appropriate.
Refer
to the guidance outlined in paragraph 15 of SFAS No.13 and FTB 85-
3.

7. We note that the cost of the new driveway is being depreciated
over the initial 15-year lease term but some components of the
driveway are being depreciated over a shorter period of time.
Please
tell us the nature of these components and why you believe they
should be depreciated over a lesser life.


* * * * * * * * * * * * * * * * * * * * * * *

As appropriate, please respond via EDGAR to these comments within
10
business days or tell us when you will provide us with a response.
Please furnish a cover letter that keys your responses to our
comments and provides any requested supplemental information.
Please
understand that we may have additional comments after reviewing
your
responses to our comments.

We urge all persons who are responsible for the accuracy and
adequacy
of the disclosure in the filings reviewed by the staff to be
certain
that they have provided all information investors require for an
informed decision.  Since the company and its management are in
possession of all facts relating to a company`s disclosure, they
are
responsible for the accuracy and adequacy of the disclosures they
have made.

In connection with responding to our comments, please provide, in
writing, a statement from the company acknowledging that:

* the company is responsible for the adequacy and accuracy of the
disclosure in the filings;

* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filing; and

* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.


In addition, please be advised that the Division of Enforcement
has
access to all information you provide to the staff of the Division
of
Corporation Finance in our review of your filing or in response to
our comments on your filing.

You may contact Claire Erlanger at 202-551-3301 or me at 202-551-
3813
if you have questions.

								Sincerely,



								Linda Cvrkel
								Branch Chief
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Mr. Ben Farahi
Monarch Casino & Resort, Inc.
October 11, 2005
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