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EXHIBIT 1
JOINT FILING AGREEMENT AMONG IRIDIAN ASSET MANAGEMENT LLC, LC CAPITAL
MANAGEMENT, LLC, CL INVESTORS, INC., COLE PARTNERS LLC, IRIDIAN PARTNERS FUND,
L.P., IRIDIAN INVESTORS, L.P., IRIDIAN PRIVATE BUSINESS VALUE EQUITY FUND, L.P.,
DAVID L. COHEN AND HAROLD J. LEVY
AGREEMENT between Iridian Asset Management LLC ("Iridian"), LC Capital
Management, LLC ("LC Capital"), CL Investors, Inc. ("CL Investors"), COLE
Partners LLC ("COLE"), Iridian Partners Fund, L.P. ("Iridian Partners"), Iridian
Investors, L.P. ("Iridian Investors") Iridian Private Business Value Equity
Fund, L.P. ("Iridian Private Business"), David L. Cohen ("Cohen") and Harold J.
Levy ("Levy").
WHEREAS, in accordance with Rule 13d-1(k) under the Securities Exchange Act
of 1934 (the "Act"), only one statement containing the information required by
Schedule 13G and any amendments thereto need be filed whenever two or more
persons are required to file such a statement or any amendments thereto with
respect to the same securities, provided that said persons agree in writing that
such statement or any amendment thereto is filed on behalf of them.
NOW, THEREFORE, in consideration of the premises and mutual agreements
contained herein, the parties hereto agree as follows:
Iridian, LC Capital, CL Investors, COLE, Iridian Partners, Iridian
Investors, Iridian Private Business, Cohen and Levy, do hereby agree, in
accordance with Rule 13d-1(k) under the Act, to file a Schedule 13G and any
amendments thereto, relating to their ownership of the common stock of Mandalay
Resorts Group and do hereby further agree that said Schedule 13G shall be filed
on behalf of each of them.
Date: August 8, 2000
IRIDIAN ASSET MANAGEMENT LLC
By: /s/ Jeffrey M. Elliott
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Jeffrey M. Elliott, Executive Vice President
LC CAPITAL MANAGEMENT, LLC
By: /s/ Jeffrey M. Elliott
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Jeffrey M. Elliott, Executive Vice President
CL INVESTORS, INC.
By: /s/ Jeffrey M. Elliott
----------------------------------
Jeffrey M. Elliott, President
COLE PARTNERS LLC
By: /s/ Jeffrey M. Elliott
----------------------------------
Jeffrey M. Elliott, Executive Vice President
IRIDIAN PARTNERS FUND, L.P.
By: COLE PARTNERS LLC
By: /s/ Jeffrey M. Elliott
----------------------------------
Jeffrey M. Elliott, Executive Vice President
IRIDIAN INVESTORS, L.P.
By: COLE PARTNERS LLC
By: /s/ Jeffrey M. Elliott
----------------------------------
Jeffrey M. Elliott, Executive Vice President
IRIDIAN PRIVATE BUSINESS VALUE EQUITY FUND, L.P.
By: COLE PARTNERS LLC
By: /s/ Jeffrey M. Elliott
----------------------------------
Jeffrey M. Elliott, Executive Vice President
/s/ David L. Cohen
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David L. Cohen, individually
/s/ Harold J. Levy
----------------------------------
Harold J. Levy, individually
