Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Farahi David-Jacques
   2. Issuer Name and Ticker or Trading Symbol
MONARCH CASINO & RESORT INC [MCRI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
COO
(Last)
(First)
(Middle)
3800 S. VIRGINIA STREET		 3. Date of Earliest Transaction (Month/Day/Year)
09/01/2017
(Street)

RENO, NV 89502		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options / Right to Sell $ 35.1 09/01/2017   A   11,666   09/01/2020 09/01/2027 Common Stock 11,666 $ 35.1 196,665 D  
Options / Right to Buy $ 33.34             08/01/2020 08/01/2027 Common Stock 6,667   196,665 D  
Options / Right to Buy $ 26.93             03/01/2020 03/01/2027 Common Stock 1,666   196,665 D  
Options / Right to Buy $ 23.54             02/01/2020 02/01/2027 Common Stock 13,333   196,665 D  
Options / Right to Buy $ 23.63             09/01/2019 09/01/2026 Common Stock 11,667   196,665 D  
Options / Right to Buy $ 23.52             08/01/2019 08/01/2026 Common Stock 6,666   196,665 D  
Options / Right to Buy $ 20.49             03/01/2019 03/01/2026 Common Stock 1,666   196,665 D  
Options / Right to Buy $ 17.6             08/21/2018 08/21/2025 Common Stock 10,000   196,665 D  
Options / Right to Buy $ 18.44             08/13/2018 08/13/2025 Common Stock 1,667   196,665 D  
Options / Right to Buy $ 20.69             07/12/2018 07/12/2025 Common Stock 6,667   196,665 D  
Options / Right to Buy $ 17.08             02/10/2018 02/10/2025 Common Stock 1,667   196,665 D  
Options / Right to Buy $ 12.4             08/13/2017 08/13/2024 Common Stock 1,667   196,665 D  
Options / Right to Buy $ 14.95             07/12/2017 07/12/2024 Common Stock 6,667   196,665 D  
Options / Right to Buy $ 18.41             02/10/2017 02/10/2024 Common Stock 1,666   196,665 D  
Options / Right to Buy $ 19               (1) 01/17/2024 Common Stock 40,000   196,665 D  
Options / Right to Buy $ 20             08/13/2016 08/13/2023 Common Stock 1,667   196,665 D  
Options / Right to Buy $ 17.79             07/12/2016 07/12/2023 Common Stock 6,666   196,665 D  
Options / Right to Buy $ 10.33             02/10/2016 02/10/2023 Common Stock 1,666   196,665 D  
Options / Right to Buy $ 7.55               (2) 08/21/2022 Common Stock 30,000   196,665 D  
Options / Right to Buy $ 7.42             08/13/2015 08/13/2022 Common Stock 1,667   196,665 D  
Options / Right to Buy $ 9.3             08/13/2014 08/13/2021 Common Stock 1,667   196,665 D  
Options / Right to Buy $ 10.2               (3) 07/12/2020 Common Stock 20,000   196,665 D  
Options / Right to Buy $ 11.15               (4) 06/21/2020 Common Stock 5,000   196,665 D  
Options / Right to Buy $ 6.72               (5) 02/10/2020 Common Stock 5,000   196,665 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Farahi David-Jacques
3800 S. VIRGINIA STREET
RENO, NV 89502		       COO  

Signatures

 David Farahi   09/05/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On January 17, 2014, Mr. Farahi was granted 40,000 stock options, which vest as follows: 13,333 vest on January 17, 2017; 13,333 vest on January 17, 2018 and 13,334 vest on January 17, 2019.
(2) On August 21, 2012, Mr. Farahi was granted 30,000 stock options, which vest as follows: 10,000 vest on August 21, 2015; 10,000 vest on August 21, 2016 and 10,000 vest on August 21, 2017.
(3) On July 12, 2010, Mr. Farahi was granted 20,000 stock options, which vest as follows: 6,666 vest on July 12, 2013; 6,667 vest on July 12, 2014 and 6,667 vest on July 12, 2015.
(4) On June 21, 2010, Mr. Farahi was granted 5,000 stock options, which vest as follows: 1,666 vest on June 21, 2013; 1,667 vest on June 21, 2014 and 1,667 vest on June 21, 2015.
(5) On February 10, 2010, Mr. Farahi was granted 5,000 stock options, which vest as follows: 1,666 vest on February 10, 2013; 1,667 vest on February 10, 2014 and 1,667 vest on February 10, 2015.

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