Monarch Casino & Resort Inc – ‘8-K’ for 1/9/06

On:  Tuesday, 1/10/06, at 7:11pm ET   ·   As of:  1/11/06   ·   For:  1/9/06   ·   Accession #:  907242-6-2   ·   File #:  0-22088

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3±    13K 

Document Table of Contents

 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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

FORM 8-K  

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):      January 9, 2006          

 MONARCH CASINO & RESORT, INC.
(Exact name of registrant as specified in its charter)

  NEVADA                     0-22088                  88-0300760
(State or other jurisdiction       (Commission             (I.R.S. Employer     
   of incorporation)             File Number)          Identification No.)

1175 W. Moana Lane, Suite 200                                         
   Reno, NEVADA                                          89509
----------------------------------------                        ----------      
(Address of Principal Executive Offices)                        (Zip Code)      

(775)825-3355 
----------------------------------------------------
(Registrant's telephone number, including area code)

NOT APPLICABLE
----------------------------------------------------
 (Former name or former address, if changed since last report)

ITEM 8.01 Other Events                                                          

On January 9, 2006, Monarch Casino & Resort, Inc. (the "Company"),    
issued a press release announcing that the United States Bankruptcy Court       
denied its newly acquired subsidiary's requested relief to extend the closing   
date on a contract to purchase Fitzgeralds Reno Casino Hotel. As a result,      
Monarch does not expect to continue its efforts to acquire Fitzgeralds Reno.    

A copy of the press release issued by the Company is attached to this 
Current Report as Exhibit 99.1 and is incorporated herein by reference.         

In the opening paragraph of the attached press release, the word      
"relief" replaces "release" from the original press release. The word           
"release" was used in error in the original press release.                      

 In light of the ruling by the United States Bankruptcy Court above, the
Company does not currently intend to file the purchase agreement.               

ITEM 9.01  Financial Statements and Exhibits                                    

(d) EXHIBITS                                                          

Exhibit 99.1    Press release dated January 9, 2006.                  

-2-   

 SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934,  
as amended, the Registrant has duly caused this report to be signed on its      
behalf by the undersigned hereunto duly authorized.                             

                                 MONARCH CASINO & RESORT, INC.

Date:    January 10, 2006              By: /s/ Ben Farahi                       
                                     -------------------------
                Name:   Ben Farahi
                              Title:  Chief Financial Officer,
                                     Treasurer and Secretary

-3-   

Exhibit No.     Description                                                     
-----------     -----------                                                     

Exhibit 99.1    Press release dated January 9, 2006.                            

-4-       

                                                                Exhibit 99.1

PRESS RELEASE   

  MONARCH CASINO & RESORT, INC. CEASES EFFORTS
TO PURCHASE FITZGERALDS RENO  

RENO, NV-January 9, 2006- Monarch Casino & Resort, Inc. (Nasdaq: MCRI)
(the "Company"), owner of the Atlantis Casino Resort in Reno, Nevada,           
announced today that the United States Bankruptcy Court denied its newly        
acquired subsidiary's requested relief to extend the closing date on a          
contract to purchase Fitzgeralds Reno Hotel Casino.  As a result, Monarch does  
not expect to continue its efforts to acquire Fitzgeralds Reno.                 

  Monarch Casino & Resort, Inc., through its wholly-owned subsidiary, owns
and operates the tropically-themed Atlantis Casino Resort in Reno, Nevada.      
The Atlantis is the closest hotel-casino to, and is directly across the street  
from, the Reno-Sparks Convention Center.  The Atlantis is recognizable due to   
its Sky Terrace, a unique structure rising approximately 55 feet from street    
level and spanning 160 feet across Virginia Street with no intermediate         
support pillars. The Sky Terrace connects the Atlantis to a 16-acre parcel of   
land owned by the Company, that is compliant with all casino zoning             
requirements and is suitable and available for future expansion of the          
Atlantis facilities and is currently being used by the Company as additional    
paved parking for the Atlantis.  The existing Atlantis site offers almost       
1,000 guest rooms in three contiguous high-rise hotel towers and a motor        
lodge. The tropically-themed Atlantis features approximately 51,000 square      
feet of high-energy casino space with 38 table games and approximately 1,450    
slot and video poker machines, a sports book, Keno and a poker room, and        
offers a variety of dining choices in the form of nine high-quality food        
outlets.                                                                        

  This press release contains certain forward-looking statements which are
subject to change.  Factors that could affect the forward looking-statements    
contained herein are change of circumstances or other factors that could cause  
Monarch to re-evaluate its efforts not to pursue Fitzgeralds Reno Casino        
Hotel.  Other forward-looking factors will be set forth from time to time in    
the Company's periodic filings under the Securities and Exchange Act of 1934.   

Contacts: Ben Farahi at (775) 825-3355 or benfarahi@monarchcasino.com           
     Karl G. Brokmann at (775) 825-3355 or kbrokmann@monarchcasino.com

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Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed as of:		1/11/06
Filed on:		1/10/06
For Period End:		1/9/06		8-K
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