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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000907242-02-000027.txt : 20020814
<SEC-HEADER>0000907242-02-000027.hdr.sgml : 20020814
<ACCEPTANCE-DATETIME>20020813205628
ACCESSION NUMBER:		0000907242-02-000027
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020731
FILED AS OF DATE:		20020814

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:		02731456

	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:			FARAHI JOHN
	CENTRAL INDEX KEY:			0000937318
<RELATIONSHIP>OFFICER

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		MONARCH CASINO & RESORT INC
	STREET 2:		1175 MOANO LANE SUITE 200
	CITY:			RENO
	STATE:			NV
	ZIP:			89509
	BUSINESS PHONE:		702-825-7705

MAIL ADDRESS:	
	STREET 1:		MONARCH CASINO & RESORT INC
	STREET 2:		1175 MOANA LANE SUITE 200
	CITY:			RENO
	STATE:			NV
	ZIP:			89509
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>johnf4e.txt
<DESCRIPTION>FOR THE MONTH ENDED JULY 31, 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.


       John 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)

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

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

      Relationship of Reporting Person to Issuer (Check all applicable)

     Director  x        Officer  x        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*  07/02/02     S             586,555      D      $12.50    1,484,279        D

</TABLE>

* John Farahi sold these shares of common stock pursuant to a registration
statement on Form S-3(registration number 333-89698) filed with the
Securities and Exchange Commission on June 3, 2002, as amended on June 17, 2002.


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

           None.


                                                    -2-

                                 SIGNATURES


                  Signature of Reporting Person      /S/ John Farahi
                                                     --------------------
                                                         JOHN FARAHI


                                                          08/13/02
                                                          --------
                                                            DATE


                                    -3-

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