Rowan to Remain With Company Through Year-End Closing and Filing of Form 10-K

RENO, NV–( Feb 8, 2016) – Monarch Casino & Resort, Inc. (NASDAQ: MCRI) ("Monarch" or the "Company") today announced that Ron Rowan, its Chief Financial Officer, has given the Company notice of his intention to resign. Mr. Rowan has agreed to continue in his role at least through March 18, 2016 to facilitate completion of the Company's year-end financial audit and the filing of its Annual Report on SEC Form 10-K. The Company has commenced a search for Mr. Rowan's replacement.

John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented, "We appreciate the contributions Ron made over his ten years with the Company as well as his commitment to a smooth transition of his responsibilities."

Mr. Rowan added, "I am truly grateful to the dedicated, hard-working and talented Monarch team, and, as both a friend and a stockholder, I look forward to the Company's continued success."

Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 which are subject to change, including, but not limited to, (i) future financial results; and (ii) comments relating to the continued services of Mr. Rowan. Actual results and future events and conditions may differ materially from those described in any forward-looking statements.

Additional information concerning potential factors that could affect all forward looking statements, including the Company's financial results is included in the Company's Securities and Exchange Commission filings, which are available on the Company's website at www.monarchcasino.com.