Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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. Date of Event Requiring Statement (Month/Day/Year)
04/26/2012		 3. Issuer Name and Ticker or Trading Symbol
MONARCH CASINO & RESORT INC [MCRI]
(Last)
(First)
(Middle)
3800 S. VIRGINIA STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

RENO, NV 89502		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 4,000
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option/right to buy   (1) 02/10/2020 Common Stock 5,000 $ 6.72 D  
Option/right to buy   (2) 06/21/2020 Common Stock 5,000 $ 11.15 D  
Option/right to buy   (3) 07/12/2020 Common Stock 20,000 $ 10.2 D  
Option/right to buy 08/13/2014 08/13/2011 Common Stock 1,667 $ 9.3 D  

Reporting Owners

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

Signatures

David-Jacques Farahi 05/09/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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 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.
(2) On June 21, 2010, Mr. Farahi was granted 5,000 stock options which vest as follows: 1,666 vest on August 13, 2011; 1,667 vest on August 13, 2012 and 1,667 vest on August 13, 2013.
(3) On July 12, 2010, Mr. Farahi was granted 20,000 stock optins 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.

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