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, 1994
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
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 Available for Benefits
as of December 31, 1994 and 1993 5
Statement of Changes in Net Assets Available for
Benefits for the Year Ended December 31, 1994 6
Notes to Financial Statements 7
Schedules:
II. Combining Statements of Net Assets Available
for Benefits as of December 31, 1994 and 1993 14
III. Combining Statement of Changes
in Net Assets Available for Benefits for
the Year Ended December 31, 1994 16
Schedule of Assets Held for Investment
at December 31, 1994 17
Reportable Transactions for the Year
Ended December 31, 1994 18
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Board of Directors
of Circus Circus Enterprises, Inc.:
We have audited the accompanying statements of net assets available
for benefits and the combining statements of net assets available for
benefits (Schedule II) of Circus Circus Employees' Profit Sharing,
Investment and Employee Stock Ownership Plan (the "Plan") as of
December 31, 1994 and 1993, and the related statement of changes in
net assets available for benefits and the combining statement of
changes in net assets available for benefits (Schedule III) for the
year ended December 31, 1994. 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.
In our opinion, the financial statements and Schedules II and III
referred to above present fairly, in all material respects, the net
assets available for benefits of the Plan as of December 31, 1994 and
1993, and the changes in its net assets available for benefits for the
year ended December 31, 1994, 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, 1994 and
Reportable Transactions for the Year Ended December 31, 1994 are
presented for purposes of additional analysis and are not a required
part of the basic financial statements but are supplementary informa-
tion required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security
Act of 1974. The fund information in the statement of net assets
available for benefits and the statement of changes in net assets
available for benefits is presented for purposes of additional
analysis rather than to present the net assets available for plan
benefits and changes in net assets available for plan benefits of each
fund. 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 LLP
Las Vegas, Nevada
June 6, 1995 <PAGE>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING,
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 1994 AND 1993
1994 1993
CASH $ 226,315 $ 395,740
CONTRIBUTIONS RECEIVABLE:
Employee 802,570 496,029
Employer 650,777 1,153,830
INVESTMENTS, at contract or market value:
Fixed Income Fund
(cost of $12,260,865 and $13,067,851) 12,260,865 13,067,851
Circus Circus Common Stock Fund
(cost of $14,672,148 and $11,993,979) 16,163,774 22,833,547
ESOP Fund
(cost of $12,357,741 and $9,862,683) 10,967,933 13,771,292
General Common Stock Fund
(cost of $1,941,493 and $1,691,323) 2,153,436 2,042,252
U.S. Government Securities Fund
(cost of $329,066 and $293,053) 314,964 298,163
Capital Fund
(cost of $587,632 and $401,337) 549,770 411,634
NET ASSETS $44,090,404 $54,470,338
The accompanying notes are an integral part of these statements.
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING,
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 1994
CONTRIBUTIONS:
Employee $ 6,402,568
Employer automatic 2,849,300
Employer matching 496,014
Total contributions 9,747,882
INVESTMENT INCOME:
Interest 783,741
Cash dividends 176,128
Total net investment income 959,869
INVESTMENT LOSSES:
Realized losses, net (1,069,580)
Unrealized depreciation, net (13,580,678)
Total net investment losses (14,650,258)
(3,942,507)
BENEFIT DISTRIBUTIONS (6,437,427)
DECREASE IN NET ASSETS (10,379,934)
NET ASSETS, beginning of year 54,470,338
NET ASSETS, end of year $44,090,404
The accompanying notes are an integral part of this statement.
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING,
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1994
(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 are considered to be a significant change to the Plan.
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.
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 had been made through December 31, 1994.
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.
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 available for benefits at December 31, 1994 and 1993
include the market values of $52,023 and $1,030, respectively,
for distributions to be paid subsequent to year end.
(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, 1994 and 1993, there were 474,289 and 374,729 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.
The respective numbers of shares of CCEI common stock held by
this fund as of the dates indicated are as follows:
December 31,
1994 1993
Number of shares 698,974 621,321
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
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.
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 1994 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 $23.13 and $36.75 per share as of
December 31, 1994 and 1993, respectively. Subsequent to the end of
the 1994 Plan Year, the market value of the CCEI common stock
increased from $23.13 on December 31, 1994 to $33.63 on June 6, 1995.
(4) Federal Income Taxes
The Company received a favorable determination letter, dated May 23,
1995, 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 November 1993, qualifies for deferred tax
treatment of contributions (under Code Section 401(k)). This
favorable determination letter was conditioned on the adoption of
certain amendments and the Company intends to adopt these amendments.
There were no amendments to the Plan in 1994. 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.
<TABLE>
<CAPTION>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING, SCHEDULE II
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN PAGE 1 OF 2
COMBINING STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 1994
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 $ 226,315 $ 151,253 $ 372 $ 66,200 $ 2,284 $ 15 $ 6,191
CONTRIBUTIONS RECEIVABLE:
Employee 802,570 494,023 223,991 48,011 6,149 30,396 -
Employer 650,777 - - - - - 650,777
INVESTMENTS, at contract or
market value:
Fixed Income Fund 12,260,865 - 12,260,865 - - - -
Circus Circus Common Stock
Fund 16,163,774 16,163,774 - - - -
ESOP Fund 10,967,933 - - - - - 10,967,933
General Common Stock Fund 2,153,436 - - 2,153,436 - - -
U.S. Government Securities
Fund 314,964 - - - 314,964 - -
Capital Fund 549,770 - - - - 549,770 -
NET ASSETS $44,090,404 $16,809,050 $12,485,228 $ 2,267,647 $ 323,397 $ 580,181 $11,624,901
</TABLE>
<TABLE>
<CAPTION>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING, SCHEDULE II
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN PAGE 2 OF 2
COMBINING STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 31, 1993
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
Fund 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>
<TABLE>
<CAPTION>
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING SCHEDULE III
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
COMBINING STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 1994
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 $6,402,568 $4,480,965 $1,310,831 $ 305,528 $ 82,576 $ 222,668 $ -
Employer automatic 2,849,300 - - - - - 2,849,300
Employer matching 496,014 - - - - - 496,014
Total contributions 9,747,882 4,480,965 1,310,831 305,528 82,576 222,668 3,345,314
INVESTMENT INCOME:
Interest 783,741 21,602 753,241 2,019 389 470 6,020
Cash dividends 176,128 - 10 122,677 14,820 38,621 -
Total net investment income 959,869 21,602 753,251 124,696 15,209 39,091 6,020
INVESTMENT GAINS AND LOSSES:
Realized losses, net (1,069,580) (645,767) - (4,574) (3,021) (194) (416,024)
Unrealized depreciation, net (13,580,678) (8,264,223) - (97,410) (17,154) (45,986) (5,155,905)
Total net investment
losses (14,650,258) (8,909,990) - (101,984) (20,175) (46,180) (5,571,929)
TRANSFERS - 339,998 (378,362) 42,905 30,420 (34,961) -
BENEFIT DISTRIBUTIONS (6,437,427) (2,623,296) (2,371,864) (235,885) (92,087) (30,540) (1,083,755)
INCREASE (DECREASE) IN
NET ASSETS (10,379,934) (6,690,721) (686,144) 135,260 15,943 150,078 (3,304,350)
NET ASSETS, beginning of year 54,470,338 23,499,771 13,171,372 2,132,387 307,454 430,103 14,929,251
NET ASSETS, end of year $44,090,404 $16,809,050 $12,485,228 $ 2,267,647 $ 323,397 $ 580,181 $11,624,901
CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING,
</TABLE>
<TABLE>
<CAPTION>
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT AT DECEMBER 31, 1994
(Form 5500 Item 27(a))
At December 31, 1994 the Trustee held for the Plan the following investments:
Contract/
Number of Market
Shares/Units Cost Value
<S> <C> <C> <C>
Principal Financial Group
Guaranteed Interest Accounts:
Maturing December 31, 1994 1,200,035 1,200,035 1,200,035
Merrill Lynch Retirement Preservation Trust 11,060,830 11,060,830 11,060,830
Total Fixed Income Fund 12,260,865 12,260,865
Circus Circus Common Stock Fund* 698,974 14,672,148 16,163,774
ESOP Fund (Circus Circus Common Stock)* 474,289 12,357,741 10,967,933
SEI Financial Management Corporation
General Common Stock Fund 142,706 1,941,493 2,153,436
Federated Intermediate Government Trust
U.S. Government Securities Fund 31,465 329,066 314,964
Merrill Lynch Capital Fund 21,392 587,632 549,770
$42,148,945 $42,410,742
========== ==========
* Party in Interest
</TABLE>
<TABLE>
<CAPTION> CIRCUS CIRCUS EMPLOYEES' PROFIT SHARING,
INVESTMENT AND EMPLOYEE STOCK OWNERSHIP PLAN
REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1994
(Form 5500 Item 27(d))
(In thousands, except number of transactions)
PURCHASES
Number of
Transactions Shares Cost
<S> <C> <C> <C> <C> <C>
REPORTABLE TRANSACTIONS BY ISSUE:
Insured Institutional Money Market 433 26,257 $26,257
Merrill Lynch Retirement Preservation Trust 58 4,322 4,322
Circus Circus Stock 29 287 7,700
INDIVIDUALLY REPORTABLE TRANSACTIONS:
N/A
SALES
Number of Original
Transactions Shares Cost Proceeds Gain
REPORTABLE TRANSACTIONS BY ISSUE:
Insured Institutional Money Market 341 25,936 $25,936 $25,936 $ -
Merrill Lynch Retirement Preservation Trust 55 2,565 2,565 2,565 -
Circus Circus Stock 25 106 2,439 2,844 405
INDIVIDUALLY REPORTABLE TRANSACTIONS:
N/A
</TABLE>
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
Chairman of the Board and
Chief Executive Officer
June 27, 1995
EXHIBIT INDEX
No. Description
23 Consent of Arthur Andersen LLP
EXHIBIT 23
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the
incorporation of our report dated June 6, 1995 included in this
Form 11-K, into Circus Circus Enterprises, Inc.'s previously
filed Registration Statement File No. 33-18278 on Form S-8.
ARTHUR ANDERSEN LLP
Las Vegas, Nevada
June 27, 1995
