THIS DOCUMENT IS A COPY OF THE FORM 11-K/A FILED ON JUNE 30, 1994 PURSUANT
TO A RULE 201 TEMPORARY HARDSHIP EXEMPTION.
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 11-K/A
Amendment No. 1 to
ANNUAL REPORT
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
[x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED].
For the fiscal year ended December 31, 1993
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED].
For the transition period from ________ to ________
Commission file number 0-8570
A. Full title of the plan and the address of the plan,
if different from that of the issuer named below:
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING,
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
B. Name of issuer of the securities held pursuant to the
plan and the address of its principal executive office:
CIRCUS CIRCUS ENTERPRISES, INC.
2880 Las Vegas Boulevard South
Las Vegas, Nevada 89109-1120
<PAGE>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING,
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
INDEX TO FINANCIAL STATEMENTS
Page
Report of Independent Public Accountants 3
Statements of Net Assets as of
December 31, 1993 and 1992 5
Statement of Changes in Net Assets for the
Year Ended December 31, 1993 6
Notes to Financial Statements 7
Schedules:
II. Combining Statements of Net Assets as of
December 31, 1993 and 1992 14
III. Combining Statement of Changes
in Net Assets for the Year Ended
December 31, 1993 16
Schedule of Assets Held for Investment
at December 31, 1993 17
Reportable Transactions for the Year
Ended December 31, 1993 18
<PAGE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Directors
of Circus Circus Enterprises, Inc.:
We have audited the accompanying statements of net assets and the
combining statements of net assets (Schedule II) of Circus Circus
Employees' Profit Sharing, Investment and Employee Stock Ownership
Plan (the "Plan") as of December 31, 1993 and 1992, and the related
statement of changes in net assets and the combining statement of
changes in net assets (Schedule III) for the year ended December 31,
1993. These financial statements and schedules and the schedules
referred to below are the responsibility of Circus Circus Enterprises,
Inc. Our responsibility is to express an opinion on these financial
statements and schedules based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation. We believe
that our audits provide a reasonable basis for our opinion.
<PAGE>
In our opinion, the financial statements and Schedules II and III
referred to above present fairly, in all material respects, the net
assets of the Plan as of December 31, 1993 and 1992, and the changes
in its net assets for the year ended December 31, 1993, in conformity
with generally accepted accounting principles.
Our audits were made for the purpose of forming an opinion on the
basic financial statements taken as a whole. The supplemental
schedules of Assets Held for Investment at December 31, 1993 and
Reportable Transactions for the Year Ended December 31, 1993 are
presented for purposes of additional analysis and are not a required
part of the basic financial statements but are supplementary
information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement
Income Security Act of 1974. The supplemental schedules have been
subjected to the auditing procedures applied in the audits of the
basic financial statements and, in our opinion, are fairly stated in
all material respects in relation to the basic financial statements
and Schedules II and III taken as a whole.
ARTHUR ANDERSEN & CO.
Las Vegas, Nevada
May 25, 1994
<PAGE>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING,
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
STATEMENTS OF NET ASSETS
AS OF DECEMBER 31, 1993 AND 1992
1993 1992
CASH $ 395,740 $ 137,114
CONTRIBUTIONS RECEIVABLE:
Employee 496,029 637,955
Employer 1,153,830 848,081
INVESTMENTS, at contract or market value:
Fixed Income Fund
(cost of $13,067,851 and $13,263,886) 13,067,851 13,263,886
Circus Circus Common Stock Fund
(cost of $11,993,979 and $7,930,860) 22,833,547 20,062,771
ESOP Fund
(cost of $9,862,683 and $7,375,655) 13,771,292 11,948,372
General Common Stock Fund
(cost of $1,691,323 and $1,752,796) 2,042,252 2,124,773
U.S. Government Securities Fund/
Money Market Fund
(cost of $293,053 and $255,404) 298,163 257,486
Capital Fund
(cost of $401,337 and $224,427) 411,634 220,958
NET ASSETS $54,470,338 $49,501,396
The accompanying notes are an integral part of these statements.
<PAGE>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING,
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
STATEMENT OF CHANGES IN NET ASSETS
FOR OF THE YEAR ENDED DECEMBER 31, 1993
CONTRIBUTIONS:
Employee $ 6,413,317
Employer automatic 2,837,350
Employer matching 502,978
Total contributions 9,753,645
INVESTMENT INCOME:
Interest 878,504
Cash dividends 145,505
Total net investment income 1,024,009
INVESTMENT LOSSES:
Realized losses, net (102,051)
Unrealized depreciation, net (628,719)
Total net investment losses (730,770)
10,046,884
TRANSFERS (1,161)
BENEFIT DISTRIBUTIONS (5,076,781)
INCREASE IN NET ASSETS 4,968,942
NET ASSETS, beginning of year 49,501,396
NET ASSETS, end of year $54,470,338
==========
The accompanying notes are an integral part of this statement.
<PAGE>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING,
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1993
(1) Description of the Plan
The following description of the Circus Circus Employees' Profit
Sharing, Investment and Employee Stock Ownership Plan (the "Plan")
provides only general information. Plan participants should refer to
the Plan agreement for a more complete description of the Plan's
provisions.
General
The Plan was adopted as a 401(k) plan by the Board of Directors of
Circus Circus Enterprises, Inc. ("CCEI") in August 1985 and has been
approved by the Board of Directors of each of its wholly-owned
subsidiaries which are participating employers (collectively referred
to as the "Company"). Employee stock ownership features were added to
the Plan, and other changes made, in November 1989. Certain other
amendments have been made to the Plan from time to time, including
those necessary to comply with Internal Revenue Service and Department
of Labor guidelines.
The Plan is administered by CCEI except with respect to investments
(see Note 2). Plan amendments must be approved by CCEI's Board of
Directors.
The Plan is a voluntary defined contribution plan covering primarily
non-union employees of at least age 21 who have completed one year of
service, including at least 1,000 hours of service as defined in the
Plan. The Plan is subject to the provisions of the Employee
Retirement Income Security Act of 1974 as amended.
Changes in the Plan
On November 22, 1993, the Plan was amended (the Eighth Amendment) for
the purposes of complying with recent changes in applicable law and
recently issued Internal Revenue Service and Department of Labor
regulations and to make other desired changes. Substantive changes
included provisions for the direct rollover of qualifying
distributions, limitations on compensation taken into account under
the plan to $150,000 and additional provisions regarding the approval
and administration of qualified domestic relations orders. None of
the changes is considered to be a significant change to the Plan.
<PAGE>
Contributions
Contributions to the Plan are limited under certain provisions
of the Internal Revenue Code (the "Code") as follows:
i. Section 401(k) of the Code establishes maximum percentages of
compensation which may be contributed as elective contributions
by participants of the Plan who constitute "Highly Compensated
Employees" (as defined in the Code).
ii. Section 401(m) of the Code establishes maximum percentages of
compensation which may be contributed as matching contributions
on behalf of such Highly Compensated Employees.
iii. Section 402(g) of the Code establishes a specific dollar
limitation on the amount of an individual participant's elective
contributions to the Plan.
iv. Section 415 of the Code establishes limitations on the combined
amounts of annual employer and employee contributions and
forfeitures which may be credited to an individual participant's
account.
Employee Savings Contributions
The Plan provides for each participant to contribute up to 15
percent of his/her compensation unless otherwise reduced to
comply with limitations as contained in the Internal Revenue
Code. The participants may elect to have such contributions
invested in any of five investment options (see Note (2)
"Investment Options").
Savings contributions are accepted on the condition that they
fall within certain limitations contained in the Plan document.
Savings contributions that do not comply with those limitations
are to be returned (with the earnings, if any, on such amount) to
the participant after the Plan year end.
Automatic Contributions
The Company contributes an amount to each eligible participant's
account annually based on years of credited service (as defined).
Automatic contributions, ranging from $250 for one year of
service to $800 for eight or more years of service, per
participant, may be funded with CCEI common stock or cash at the
option of the Company.
Employer Matching Contributions
The Company matches 25% of participant savings contributions up
to specified maximum amounts per participant ranging from $62.50
for one year of service to $200 for eight or more years of
service. The contributions may be funded in cash or CCEI common
stock, at the Company's option.
<PAGE>
Employer Discretionary Contributions
The Plan also provides for discretionary contributions to be made
by the Company, if approved by CCEI's Board of Directors. No
employer discretionary contributions have been made through
December 31, 1993.
Vesting
Participants eligibly employed before July 3, 1989, and who entered
the Plan on or before December 31, 1992, are fully vested in all
employer contributions and related earnings. For participants with
initial eligible employment dates on or after July 3, 1989, and for
participants with eligible employment dates prior to July 3, 1989, but
who did not enter the Plan until after December 31, 1992, employer
contributions and earnings thereon begin vesting in annual 25%
increments after three years of service and are completely vested
after six years of service, as defined in the Plan. All employee
contributions and earnings thereon are 100% vested, regardless of
employment date.
The Plan requires a participant to reach age 65 and to complete five
years of plan participation to qualify for normal retirement. All
accounts are fully vested at the time of normal retirement. In the
event of death or total disability (as defined) of a participant, the
participant's accounts also become fully vested.
Upon termination of employment prior to normal retirement, total
disability or death, the unvested portion of a participant's account
will be forfeited. Such forfeitures occurring during a Plan Year will
be allocated among the remaining participants as of the last day of
the Plan year in proportion to the respective participants automatic
contributions for such Plan Year.
Benefits
The benefit to which a participant is entitled is paid in a lump sum.
The following benefits are payable under the provisions of the Plan:
Retirement Benefit
Upon the later of reaching normal retirement age (65 years of
age), or accumulating five years of Plan participation, a
participant is entitled to a retirement benefit in an amount
equal to 100% of the participant's account balance.
Death Benefit
In the event of the death of a participant, his designated
beneficiary shall be entitled to a death benefit in an amount
equal to 100% of the participant's account balance.
<PAGE>
Disability Benefit
In the event a participant becomes totally disabled (as defined),
such participant will be entitled to a disability benefit in an
amount equal to 100% of the participant's account balance.
Severance of Employment Benefit
In the event a participant's employment with the Company is
terminated, such participant will be entitled to a severance of
employment benefit in an amount equal to the participant's
vested account balance.
Benefits Payable
Net assets at December 31, 1993 and 1992 include the market
values of $1,030 and $7,296, respectively, for distributions to
be paid subsequent to year end.
Stock Split
In June 1993, the Board of Directors of CCEI declared a 3-for-2
split of the Company's common stock, which was paid July 23,
1993, to stockholders of record on July 9, 1993. All share data
have been adjusted retroactively for the 3-for-2 stock split.
(2) Investment Options
All employer contributions are directed to the ESOP fund. These
contributions may be in CCEI common stock or cash which will be used
to purchase CCEI stock or, to a limited extent, other investments. As
of December 31, 1993 and 1992, there were 374,729 and 315,816 post-
split shares of CCEI common stock held by the ESOP, respectively. All
employee contributions are invested among the following five other
investment options available under the Plan, at the direction of the
participant. No portion of the ESOP fund investments may be directed
by participants into other funds prior to 1999. To the extent a
participant does not specifically designate investment elections,
undesignated amounts are invested in the fund(s) determined by the
trustee until a designation can be obtained from the participant. The
participant-directed investment options available are as follows:
Fund A - Circus Circus Common Stock
This fund is invested by Bank of America, Nevada (the "Trustee"),
primarily in CCEI common stock. The Trustee has discretion as to
the timing and manner of purchasing shares of common stock. Cash
dividends or interest, if any, are reinvested in this fund, and
any stock dividends or shares issued pursuant to a stock split on
the shares held by this fund will be added to this fund.
<PAGE>
The respective numbers of shares of CCEI common stock held by
this fund as of the dates indicated are as follows:
December 31,
1993 1992
Number of shares... 621,321 530,294
Fund B - Fixed Income Fund
Effective January 1, 1991, all new investments in Fund B are
invested in the Merrill Lynch Retirement Preservation Trust (the
"Merrill Lynch Fund"), formerly named the Merrill Lynch GIC
Managed Trust, which is a collective trust fund available for
investments by qualified retirement plans. The Merrill Lynch
Fund's investment goals are to obtain high current income
consistent with the preservation of capital and the maintenance
of liquidity. The Merrill Lynch Fund is invested primarily in
contracts issued by insurance companies and banks which provide
for a return of principal plus interest, either periodically or
at maturity. Investments may also include money market
instruments. Merrill Lynch Trust Company ("Merrill Lynch") and
Merrill Lynch Asset Management, Inc. (corporations entirely
owned, directly or indirectly, by Merrill Lynch & Co., Inc.) are
the trustee and the investment advisor, respectively, of the
Merrill Lynch Fund.
Contributions to this fund prior to January 1, 1991 were invested
in Guaranteed Interest Accounts ("GIA") under a contract with
Principal Financial Group ("PFG") which constitute part of PFG's
general pooled account. This account is invested principally in
privately placed loans (such as bonds and mortgages) with
maturities that generally parallel PFG's guarantees under its
GIA's. The GIA's offer guaranteed principal and interest for
periods of five years as selected by CCEI.
Fund C - General Common Stock Fund
This Fund is invested by the Trustee in the S&P 500 Index
Portfolio (the "Portfolio"), an investment fund constituting a
part of the SEI Index Funds and managed by SEI Financial
Management Corporation. The Portfolio seeks to provide
investment results that correspond to the aggregate price and
dividend performance of the Standard & Poor's 500 Composite Price
Index.
Fund D - U.S. Government Securities Fund / Money Market Fund
This Fund is invested in the Federated Intermediate Government
Trust (the "FIG Trust") which invests in U.S. government
securities to provide current income. The FIG Trust invests only
in U.S. government securities with remaining maturities of five
years or less.
<PAGE>
Fund E - Capital Fund
This Fund is invested in Class A shares of the Merrill Lynch
Capital Fund which consists of equity securities, corporate bonds
and/or money market securities and such other investments as may
be provided from time to time under an agreement of trust, a
contract or an agreement entered into by the plan administrator
or the trustee with an investment manager.
(3) Summary of Significant Accounting Policies
Accrual Basis of Accounting
The Plan's financial statements are prepared on an accrual basis.
Plan Expenses
Plan expenses, including accounting, legal, trustee and any other
costs of administering the Plan or Trust, are paid by the Company or
charged to the Trust at the discretion of CCEI's Board of Directors.
All Plan expenses during 1993 were paid by the Company.
Valuation of Investments
Contributions to the guaranteed interest accounts in the Fixed Income
Fund prior to 1991 guarantee a fixed rate of interest for a five-year
period. The interest rates were determined based on the rate for
guaranteed interest accounts on the dates of deposit.
Contributions to the Fixed Income Fund subsequent to 1990 are placed
in the Merrill Lynch Retirement Preservation Trust, formerly named the
Merrill Lynch GIC Managed Trust. The interest rate earned on such
investments is the weighted average rate determined by the individual
contracts or investments that make up the Trust. The investment for
such accounts in the statements of net assets subsequent to 1990 is
stated at the amount of the contributions plus the interest earned to
date.
The values of the General Common Stock Fund, U.S. Government
Securities Fund, and Capital Fund at the balance sheet date are based
on the latest available closing prices of the investments included in
these funds.
The value of the Circus Circus Common Stock Fund and the ESOP Fund at
the balance sheet date are based on the latest available quoted
closing price of the stock which was $36.75 and $37.83 per share as of
December 31, 1993 and 1992, respectively. Subsequent to the end of
the Plan year, the market value of the CCEI common stock has decreased
from $36.75 on December 31, 1993 to $23.63 on May 25, 1994.
<PAGE>
(4) Federal Income Taxes
The Company received a favorable determination letter from the
Internal Revenue Service with respect to the tax exempt status of the
Plan (under Code Section 401(a)), and as to whether the Plan, as
amended through 1992, qualifies for deferred tax treatment of
contributions (under Code Section 401(k)). The Company will
re-submit the Plan as amended through 1993 (as discussed in Note 1)
for an updated tax status determination. It is the Company's intent
to make any further revisions to the Plan which may be required by the
Internal Revenue Service in order to obtain such a favorable updated
determination. In management's opinion, within the limits established
by the Plan, a participant in the Plan is not subject to any Federal
income tax on the contributions of the participant or the Company, or
on the dividends, interest or profits from sales of securities held by
the Trustee, until such amounts are withdrawn by the participant.
(5) Plan Termination
Although the Company expects to continue the Plan indefinitely, it
reserves the right to amend or terminate the Plan in whole or in part
at any time.
<PAGE>
<TABLE>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING, SCHEDULE II
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN PAGE 1 OF 2
COMBINING STATEMENT OF NET ASSETS
AS OF DECEMBER 31, 1993
<CAPTION>
CIRCUS CIRCUS
COMMON STOCK FIXED GENERAL COMMON U.S. GOVERNMENT CAPITAL
FUND INCOME FUND STOCK FUND SECURITIES FUND FUND ESOP
ASSETS TOTAL FUND A FUND B FUND C FUND D FUND E FUND
<S> <C> <C> <C> <C> <C> <C> <C>
CASH $ 395,740 $ 311,104 $ 4,996 $ 70,981 $ 3,108 $ 1,422 $ 4,129
CONTRIBUTIONS RECEIVABLE:
Employee 496,029 355,120 98,525 19,154 6,183 17,047 -
Employer 1,153,830 - - - - - 1,153,830
INVESTMENTS, at contract or
market value:
Fixed Income Fund 13,067,851 - 13,067,851 - - - -
Circus Circus Common Stock 22,833,547 22,833,547 - - - - -
ESOP Fund 13,771,292 - - - - - 13,771,292
General Common Stock Fund 2,042,252 - - 2,042,252 - - -
U.S. Government Securities
Fund 298,163 - - - 298,163 - -
Capital Fund 411,634 - - - - 411,634 -
NET ASSETS $54,470,338 $23,499,771 $13,171,372 $ 2,132,387 $ 307,454 $ 430,103 $14,929,251
</TABLE>
<PAGE>
<TABLE>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING, SCHEDULE II
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN PAGE 2 OF 2
COMBINING STATEMENT OF NET ASSETS
AS OF DECEMBER 31, 1992
<CAPTION>
CIRCUS CIRCUS
COMMON STOCK FIXED GENERAL COMMON U.S. GOVERNMENT CAPITAL
FUND INCOME FUND STOCK FUND SECURITIES FUND FUND ESOP
ASSETS TOTAL FUND A FUND B FUND C FUND D FUND E FUND
<S> <C> <C> <C> <C> <C> <C> <C>
CASH $ 137,114 $ 46,505 $ 9,387 $ 23,314 $ 2,885 $ 2,878 $ 52,145
CONTRIBUTIONS RECEIVABLE:
Employee 637,955 406,361 173,872 44,394 2,162 11,166 -
Employer 848,081 - - - - - 848,081
INVESTMENTS, at contract or
market value:
Fixed Income Fund 13,263,886 - 13,263,886 - - - -
Circus Circus Common Stock 20,062,771 20,062,771 - - - - -
ESOP Fund 11,948,372 - - - - - 11,948,372
General Common Stock Fund 2,124,773 - - 2,124,773 - - -
U.S. Government Securities
Fund 257,486 - - - 257,486 - -
Capital Fund 220,958 - - - - 220,958 -
NET ASSETS $49,501,396 $20,515,637 $13,447,145 $ 2,192,481 $ 262,533 $ 235,002 $12,848,598
</TABLE>
<PAGE>
<TABLE>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING SCHEDULE III
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
COMBINING STATEMENT OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 1993
<CAPTION>
CIRCUS CIRCUS
COMMON STOCK FIXED GENERAL COMMON U.S. GOVERNMENT
FUND INCOME FUND STOCK FUND SECURITIES FUND CAPITAL ESOP
TOTAL FUND A FUND B FUND C FUND D FUND FUND
<S> <C> <C> <C> <C> <C> <C> <C>
CONTRIBUTIONS:
Employee $6,413,317 $4,360,112 $1,522,583 $ 302,383 $ 85,542 $ 142,697 $ -
Employer automatic 2,837,350 - - - - - 2,837,350
Employer matching 502,978 - - - - - 502,978
Total contributions 9,753,645 4,360,112 1,522,583 302,383 85,542 142,697 3,340,328
INVESTMENT INCOME:
Interest 878,504 11,441 861,951 854 264 282 3,712
Cash dividends 145,505 - - 119,874 11,783 13,848 -
Total net investment income 1,024,009 11,441 861,951 120,728 12,047 14,130 3,712
INVESTMENT GAINS AND LOSSES:
Realized gains (losses), net (102,051) (133,115) - 16,687 1,596 2,494 10,287
Unrealized appreciation
(depreciation), net (628,719) (574,817) - 63,118 3,353 12,739 (133,112)
Total net investment
gains (losses) (730,770) (707,932) - 79,805 4,949 15,233 (122,825)
TRANSFERS (1,161) 1,430,488 (1,184,201) (283,248) (14,225) 50,025 -
BENEFIT DISTRIBUTIONS (5,076,781) (2,109,975) (1,476,106) (279,762) (43,392) (26,984) (1,140,562)
INCREASE (DECREASE) IN
NET ASSETS 4,968,942 2,984,134 (275,773) (60,094) 44,921 195,101 2,080,653
NET ASSETS, beginning of year 49,501,396 20,515,637 13,447,145 2,192,481 262,533 235,002 12,848,598
NET ASSETS, end of year $54,470,338 $23,499,771 $13,171,372 $ 2,132,387 $ 307,454 $ 430,103 $14,929,251
</TABLE>
<TABLE>
PROFIT SHARING, INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT AT DECEMBER 31, 1993
(Form 5500 Item 27(a))
At December 31, 1993 the Trustee held for the Plan the following investments:
<CAPTION>
Contract/
Number of Market
Shares/Units Cost Value
<S> <C> <C> <C>
Principal Financial Group
Guaranteed Interest Accounts:
Maturing December 31, 1993 2,058,633 $ 2,058,633 $ 2,058,633
Maturing December 31, 1994 1,339,472 1,339,472 1,339,472
Total Guaranteed Interest Accounts 3,398,105 3,398,105
Merrill Lynch Retirement Preservation Trust 9,669,746 9,669,746 9,669,746
Total Fixed Income Fund 13,067,851 13,067,851
Circus Circus Common Stock Fund* 621,321 11,993,979 22,833,547
ESOP Fund (Circus Circus Common Stock)* 374,729 9,862,683 13,771,292
SEI Financial Management Corporation
General Common Stock Fund 129,011 1,691,323 2,042,252
Federated Intermediate Government Trust
U.S. Government Securities Fund 27,788 293,053 298,163
Merrill Lynch Capital Fund 14,717 401,337 411,634
$37,310,226 $52,424,739
========== ==========
* Party in Interest
</TABLE>
<PAGE>
<TABLE>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARI
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1993
(Form 5500 Item 27(d))
(In thousands, except number of transactions)
<CAPTION>
PURCHASES
Number of
Transactions Shares Cost
<S> <C> <C> <C>
REPORTABLE TRANSACTIONS BY ISSUE:
Insured Institutional Money Market 334 22,116 $22,116
Merrill Lynch Retirement Preservation Trust 26 4,046 4,046
Circus Circus Stock 22 208 7,739
INDIVIDUALLY REPORTABLE TRANSACTIONS:
N/A
SALES
Number of Original
Transactions Shares Cost Proceeds Gain
REPORTABLE TRANSACTIONS BY ISSUE:
Insured Institutional Money Market 217 22,250 $22,250 $22,250 $ -
PFG Guaranteed Interest Accounts 69 2,722 2,722 2,722 -
Merrill Lynch Retirement Preservation Trust 33 1,968 1,968 1,968 -
Circus Circus Stock 13 55 1,116 1,963 847
INDIVIDUALLY REPORTABLE TRANSACTIONS:
N/A
</TABLE>
<PAGE>
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934,
the Plan Administrator has duly caused this Annual Report to be signed on its
behalf by the undersigned hereunto duly authorized.
Circus Circus Enterprises, Inc.,
as Plan Administrator of the
Circus Circus Employees' Profit
Sharing, Investment and Employee
Stock Ownership Plan
By CLYDE T. TURNER
Clyde T. Turner
President and
Chief Executive Officer
June 27, 1994
<PAGE>
EXHIBIT INDEX
Description
No.
1 Consent of Arthur Andersen & Co.
Exhibit (1)
<PAGE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the
incorporation of our report dated May 25, 1994 included in this
Form 11-K, into Circus Circus Enterprises, Inc.'s previously
filed Registration Statement File No. 33-53303 on Form S-8.
ARTHUR ANDERSEN & CO.
Las Vegas, Nevada
June 24, 1994
<PAGE>
