The estimated Net Worth of John Farahi is at least $48.2 Million dollars as of 30 July 2024. Mr. Farahi owns over 66,668 units of Monarch Casino & Resort stock worth over $43,995,805 and over the last 20 years he sold MCRI stock worth over $2,294,560. In addition, he makes $1,869,240 as Co-Chairman of the Board, Chief Executive Officer, and Secretary at Monarch Casino & Resort.
John has made over 11 trades of the Monarch Casino & Resort stock since 2014, according to the Form 4 filled with the SEC. Most recently he exercised 66,668 units of MCRI stock worth $821,350 on 30 July 2024.
The largest trade he's ever made was exercising 270,002 units of Monarch Casino & Resort stock on 2 April 2014 worth over $3,177,924. On average, John trades about 19,474 units every 84 days since 2004. As of 30 July 2024 he still owns at least 591,978 units of Monarch Casino & Resort stock.
You can see the complete history of Mr. Farahi stock trades at the bottom of the page.
John Farahi is Co-Chairman of the Board, Chief Executive Officer, Secretary of Monarch Casino & Resort, Inc. He has been Co-Chairman of the Board and Chief Executive Officer of the Company since its inception and of Golden Road, a direct wholly owned subsidiary of the Company, since June 1993. He has served as Secretary of the Company since November 2011. From 1973 until June 1993, Mr. Farahi was President, Director, and General Manager of Golden Road. Mr. Farahi is a partner in Farahi Investment Company (“FIC”), which is engaged in real estate investment and development. Mr. Farahi served on the Washoe County Airport Authority as a Trustee from July 1997 until June 2005. Mr. Farahi is a former member of the Nevada Commission on Tourism and served as a Board Member of the Reno-Sparks Convention and Visitors’ Authority until 2017. Mr. Farahi was appointed in 2013 by President Barack Obama to the United States Holocaust Memorial Council. Mr. Farahi holds a political science degree from the California State University at Hayward. The Board believes Mr. Farahi is qualified to serve as a director due to his specific experience as a casino operator and his knowledge of the casino industry.
As the Co-Chairman of the Board, Chief Executive Officer, and Secretary of Monarch Casino & Resort, the total compensation of John Farahi at Monarch Casino & Resort is $1,869,240. There are no executives at Monarch Casino & Resort getting paid more.
John Farahi is 72, he's been the Co-Chairman of the Board, Chief Executive Officer, and Secretary of Monarch Casino & Resort since 2011. There are 3 older and 9 younger executives at Monarch Casino & Resort. The oldest executive at Monarch Casino & Resort, Inc. is Richard L. Cooley, 74, who is the VP of Fin. and Treasurer.
John's mailing address filed with the SEC is 3800 S Virginia St, Reno, NV 89502, USA.
Over the last 21 years, insiders at Monarch Casino & Resort have traded over $29,265,339 worth of Monarch Casino & Resort stock and bought 19,493 units worth $509,201 . The most active insiders traders include Bob Farahi, John Farahi, and David Jacques Farahi. On average, Monarch Casino & Resort executives and independent directors trade stock every 55 days with the average trade being worth of $2,232,796. The most recent stock trade was executed by Bob Farahi on 30 July 2024, trading 33,333 units of MCRI stock currently worth $2,619,307.
monarch casino & resort, inc., through its subsidiaries, owns and operates the atlantis casino resort spa, a hotel/casino facility in reno, nevada. it also owns and operates the monarch casino black hawk in black hawk, colorado. as of march 11, 2020, the company's atlantis casino resort spa featured approximately 61,000 square feet of casino space; 818 guest rooms; 8 food outlets; 2 gourmet coffee and pastry bars; 1 snack bar; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space. its atlantis casino resort spa also featured approximately 1,450 slot and video poker machines; approximately 37 table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge; and a poker room. in addition, the company's monarch casino black hawk featured
Monarch Casino & Resort executives and other stock owners filed with the SEC include: