Circus Circus Enterprises, Inc. (Working Proof)

Circus Circus Enterprises, Inc. (Working Proof)
Item# 4287circus

Circus Circus Enterprises, Inc. (Working Proof)

This item is an extremely rare American Bank Note Company working proof for a Circus Circus Enterprises stock certificate.

Reference:   Working proofs were used during the American Bank Note pre-production process. Each piece details the intricacies of the old fashioned cut-and-paste method in which the designs were developed. The proof was subsequently circulated amongst American Bank Note Company officials and the executives of the customer (in this case Circus Circus Enterprises) for editing and approval. The markings from this process are evident on the layers of the proof and the distribution folder as detailed by the images below. Once the approval and editing process was completed, the mass production of the certificate occurred for distribution to eventual shareholders. This unique item offers a glimpse into the bank note approval and printing process.

Item Contents:   Working proof (1 piece), mounted on an ABN working board.
Presentation:   This item is presented mounted on an oversized, rigid hard board that measures 12 1/2" (w) x 9 (h).
Proof Sheet:   The working proof (pictured above) is covered by a clear layer with the working markings from the editing process. The picture below shows what the proof looks like with the layer pulled back:

The piece is mounted to the top of the working board.

Working Board:   The back of the working board contains approval markings as shown below:

Company History:   Circus Circus Enterprises originated with Jay Sarno's 1968 opening of the Circus Circus Hotel and Casino in Las Vegas as well as a Circus Circus Hotel and Casino in Reno. The group subsequently developed the Excalibur Hotel and Casino in 1990, the Luxor Las Vegas in 1993, and the Mandalay Bay Resort and Casino in 1999 for which the group was renamed. The group was also a partner in the 1996 opening of the nearby Monte Carlo Resort and Casino.

The group entered into a joint venture in 1993 with Don Carano of Eldorado Hotel-Casino in Reno to develop and build Reno's largest and tallest megaresort titled Silver Legacy The $350 million hotel opened on July 28, 1995.

Circus Circus Enterprises was actually incorporated in 1974, went public in 1983 and traded on the New York Stock Exchange. The Group's properties found success in the 1980s offering a Las Vegas experience to families subsequently experimented upon by its competitors. Its converted Circus Circus (originally developed for the upmarket) and later Excalibur properties offered gaming opportunities for adults and separate non-gambling games and theme-park-style experiences for underage visitors under the same roof.

On March 20, 1995, Circus Circus Enterprises announced that it had agreed to acquire Gold Strike Resorts, a closely held budget casino owner and operator, in a deal valued at more than $600 million. At the time of the acquisition Jean, Nevada based Gold Strike Resorts owned the Gold Strike Hotel and Gambling Hall, Nevada Landing Hotel and Casino, and Railroad Pass Hotel and Casino.

On June 4, 2004, one of Mandalay Resort Group's largest competitors, MGM Mirage, announced a bid to acquire it for $68 per share plus assumption of debt. The stock closed at $60.27 per share on June 4. Although the proposal was announced after the close of trading on June 4, the volume of trading in Mandalay Resort Group stock on that day was quadruple the normal, with the stock closing at $60.27 per share. The ensuing negotiations between the two companies included at one point an announcement that the Mandalay board was rejecting the offer because of antitrust concerns. On June 15, 2004, however, both companies' boards approved a revised offer of $71 per share. The agreement called for MGM Mirage to pay $4.8 billion and to assume $2.5 billion in debt. The transaction was completed on April 26, 2005 for $7.9 billion.

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All certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive.