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 JOHN
   2. Issuer Name and Ticker or Trading Symbol
MONARCH CASINO & RESORT INC [MCRI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO
(Last)
(First)
(Middle)
MONARCH CASINO & RESORT INC, 1175 MOANA LANE SUITE 200		 3. Date of Earliest Transaction (Month/Day/Year)
11/30/2017
(Street)

RENO, NV 89509		 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
Common Stock 11/30/2017   S   100 D $ 47.25 1,763,340 D  
Common Stock 12/01/2017   S   9,941 D $ 46.25 1,763,340 D  
Common Stock 12/04/2017   S   14,519 D $ 46.27 1,763,340 D  
Common Stock 12/06/2017   S   440 D $ 46.25 1,763,340 D  
Common Stock 12/26/2017   G(1)   3,643 D $ 0 1,763,340 D  
Common Stock 12/26/2017   G(1)   607 A $ 0 272,654 I by trust
Common Stock 12/26/2017   G(1)   607 A $ 0 277,356 I by trust
Common Stock 12/26/2017   G(1)   607 A $ 0 277,356 I by trust
Common Stock 12/26/2017   G(1)   607 A $ 0 277,356 I by trust
Common Stock 12/26/2017   G(1)   1,215 A $ 0 1,215 I by trust

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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 Buy $ 45.32             11/01/2020 11/01/2027 Common Stock 66,668   466,668 D  
Options/Right to Buy $ 23.08             11/01/2019 11/01/2026 Common Stock 66,666   466,668 D  
Options/Right to Buy $ 17.62             10/21/2018 10/21/2025 Common Stock 66,666   466,668 D  
Options/Right to Buy $ 12.32             10/21/2017 10/21/2024 Common Stock 66,668   466,668 D  
Options/Right to Buy $ 21.71             10/21/2016 10/21/2023 Common Stock 66,666   466,668 D  
Options/Right to Buy $ 8.56             10/09/2015 10/09/2022 Common Stock 66,666   466,668 D  
Options/Right to Buy $ 9.33             10/21/2014 10/21/2021 Common Stock 66,668   466,668 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FARAHI JOHN
MONARCH CASINO & RESORT INC
1175 MOANA LANE SUITE 200
RENO, NV 89509		   X   X   CEO  

Signatures

 John Farahi   03/30/2018
**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) This transaction involves a gift of securities by Mr. Farahi to five separate trusts, of which Mr. Farahi is trustee, for benefit of children and grandchildren.

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