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Mandalay Resort Group Appoints Three New 
General Managers, Tony Korfman, Curtis Jacks 
and Linda Heptner

 
LAS VEGAS, April 10, 2001 - Mandalay Resort Group (NYSE: MBG) today announced that Tony Korfman is the new general manager at the company�s Edgewater property in Laughlin, Nevada.  Mr. Korfman�s new position is effective as of March 1, 2001.
 
Mr. Korfman�s gaming career spans over 30 years.  Before accepting the general manager position at the Edgewater, Korfman served as general manager of the Gold Strike Inn and Casino in Boulder City from 1979 to 1998.

Prior to that he served as general manager of the Western Village in Mesquite, Nevada (now Si Redd�s Oasis) from 1977 to 1979.  Prior to 1977, Mr. Korfman held positions at the Hilton Hotel, the Dunes Hotel and the Flamingo Hilton.  As general manager for the Edgewater, Mr. Korfman will be responsible for the day-to-day operations of the Laughlin property.

Mandalay Resort Group owns and operates 11 properties in Nevada:  Mandalay Bay, Luxor, Excalibur, Circus Circus, and Slots-A-Fun in Las Vegas; Circus Circus-Reno; the Colorado Belle and the Edgewater in Laughlin; the Gold 

April 3, 2001 - Mandalay Resort Group  today announced management changes for two of the company�s properties in Southern Nevada.  The changes are effective as of March 15, 2001.

Curtis Jacks, who currently was the General Manager at the Nevada Landing in Jean, Nevada, is transferring to the Colorado Belle in Laughlin, Nevada as General Manager.  Mr. Jacks joined the company in June of 1995 when Mandalay Resort Group, then Circus Circus Enterprises, Inc., acquired Gold Strike Resorts.  Mr. Jacks had been with Gold Strike Resorts since 1987 where he held a variety of management positions.

The company also announced that Linda Heptner will replace Curtis Jacks as General Manager at the Nevada Landing.  Ms. Heptner originally joined the company in 1972 and has held management positions at Circus Circus, Excalibur and Luxor.  Most recently she served as the Credit/Cage Manager at the Excalibur Hotel and Casino.

�Both Mr. Jacks and Ms. Heptner have extensive experience in the gaming industry,� said Gregg Solomon, Senior Vice President for Mandalay Resort Group.  �We are confident that their expertise will help to enhance the overall management of their respective properties.�

Strike and Nevada Landing in Jean and Railroad Pass in Henderson.  The company also owns and operates the Gold Strike, a hotel/casino in Tunica County, Mississippi.  The company owns a 50% interest in Silver Legacy in Reno, and owns a 50% interest in and operates the Monte Carlo in Las Vegas.  In addition, the company owns a 50% interest in and operates Grand Victoria, a riverboat in Elgin, Illinois, and owns a 53.5% interest in and operates MotorCity in Detroit, Michigan.

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Contact:
Mandalay Resort Group
http://www.mandalayresortgroup.com

Also See Las Vegas� Citywide Hotel Occupancy Rose to 89.1% in 2000 / Feb 2001 


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