John Farahi, born in 1965, leads Monarch Casino & Resort Inc as CEO. He holds a Bachelor's degree in Business Administration from the University of Nevada, Reno, which laid the groundwork for his career in management. His leadership at Monarch...
John Farahi, born in 1965, leads Monarch Casino & Resort Inc as CEO. He holds a Bachelor's degree in Business Administration from the University of Nevada, Reno, which laid the groundwork for his career in management. His leadership at Monarch has been marked by impressive financial growth and strategic direction, evidenced by consistently meeting performance metrics related to Adjusted EBITDA. In 2023, Farahi's compensation totaled approximately $2.1 million, with elements like a $750,000 salary and a bonus based on performance metrics. He is not just focused on short-term results; his compensation structure aims to align long-term goals with the company's success. Interestingly, Farahi’s family is also involved in the business. His son, David-Jacques Farahi, was appointed COO, highlighting a family legacy in the company. This blending of family and business showcases a unique dynamic at Monarch. Farahi's insider trading history indicates strong confidence in the company's stock, with notable increases in value between 2019 and 2024, peaking at over $405 million in October 2021. This suggests that Farahi has been making smart moves in the market, reflecting his belief in the company's future.