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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000907242-02-000031.txt : 20021106
<SEC-HEADER>0000907242-02-000031.hdr.sgml : 20021106
<ACCEPTANCE-DATETIME>20021105201307
ACCESSION NUMBER:		0000907242-02-000031
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20021104
FILED AS OF DATE:		20021106

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:		02810447

	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:				DIRECTOR
		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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>sully4e.txt
<DESCRIPTION>FOR STOCK SALE OF NOVEMBER 4, 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.


   Craig F. Sullivan                   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)

     November 4, 2002
- ----------------------------                        ---------------------
Statement for Month/Day/Year                        If Amendment, Date of
                                                    Original (Month/Year)

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

      Relationship of Reporting Person to Issuer (Check all applicable)

     Director  X        Officer           10% Owner           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        or Indirect(I) Ownership
                                                                     Following
                                                                     Reported
                                                                     Transaction
                           ------------  --------------------------
                           Code      V   Amount   (A) or (D)  Price
- --------     -----------   -------- ---  -------- ----------- -----  ------------ ------------- ----------
<S>          <C>           <C>      <C>  <C>      <C>         <C>    <C>          <C>            <C>
Common Stock   11/04/02     S             3,050        D      $13.750   12,200          D

</TABLE>


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

           None.


                                                    -2-

                                 SIGNATURES


                  Signature of Reporting Person      /S/ Craig F. Sullivan
                                                     ---------------------
                                                       CRAIG F. SULLIVAN


                                                           11/05/02
                                                           --------
                                                             DATE


                                    -3-

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