<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001127050</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0000907242</issuerCik>
      <issuerName>MONARCH CASINO &amp; RESORT INC</issuerName>
      <secFileNumber>000-22088</secFileNumber>
      <issuerAddress>
        <com:street1>3800 S VIRGINIA STREET</com:street1>
        <com:street2>EXECUTIVE OFFICES</com:street2>
        <com:city>RENO</com:city>
        <com:stateOrCountry>NV</com:stateOrCountry>
        <com:zipCode>89502</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>775-335-4600</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>SULLIVAN CRAIG F</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>RAYMOND JAMES &amp; ASSOCIATES, INC</name>
        <address>
          <com:street1>880 CARILLON PARKWAY</com:street1>
          <com:city>ST. PETERSBURG</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33716</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>6100</noOfUnitsSold>
      <aggregateMarketValue>524600.00</aggregateMarketValue>
      <noOfUnitsOutstanding>44300000</noOfUnitsOutstanding>
      <approxSaleDate>11/26/2024</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>COMMON</securitiesClassTitle>
      <acquiredDate>11/26/2024</acquiredDate>
      <natureOfAcquisitionTransaction>STOCK OPTION EXERCISE</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>6100</amountOfSecuritiesAcquired>
      <paymentDate>11/26/2024</paymentDate>
      <natureOfPayment>CASH</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>Raymond James received the filing the day after shares were sold.</remarks>
    <noticeSignature>
      <noticeDate>11/27/2024</noticeDate>
      <signature>Melissa Fisher, as duly authorized representative of Raymond James &amp; Associates, Inc. as attorney-in-fact for Craig F. Sullivan</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
