Mandalay Resort Group Watch

from 10-K 6 pages Mandalay Resort Group Supplemental Executive Retirement Plan Amendment No. 3 April 15, 2005

from 10-K 123 pages Revised Development Agreement Among City of Detroit the Economic Development Corporation of the City of Detroit and Detroit Entertainment, L.L.C. Revised Development Agreement

from 10-K 2 pages Compensation Arrangements

from 10-K 2 pages Stock Incentive and Stock Option Plan Amendments

from 10-Q 27 pages Amended and Restated Joint Venture Agreement by and Among Nevada Landing Partnership, an Illinois General Partnership and Rbg, L.P. an Illinois Limited Partnership Dated as Of: June 25, 2002

from 10-K ~5 pages Material contract

from 10-Q 3 pages Fifth Amendment to Operating Agreement of Detroit Entertainment, L.L.C., a Michigan Limited Liability Company

from 10-Q 4 pages Fourth Amendment to Operating Agreement of Detroit Entertainment, L.L.C. a Michigan Limited Liability Company

from 10-Q 8 pages Ladies and Gentlemen: The Purpose of This Letter Agreement Is to Set Forth the Terms and Conditions of the Transaction Entered Into Between Deutsche Bank AG (“Dbag”) and Mandalay Resort Group (“Counterparty”) on the Trade Date Specified Below (The “Transaction”). This Letter Agreement Constitutes a “Confirmation” as Referred to in the Agreement Specified Below

from 10-Q 3 pages In This Confirmation “Party A” Means Bank of America, N.A., Successor to Security Pacific National Bank by Merger and “Party B” Means Mandalay Resort Group, Formerly Known as Circus Circus Enterprises, Inc. 2. the Terms of the Particular Transaction to Which This Confirmation Relates Are as Follows: Notional Amount: Usd 125,000,000.00 Trade Date: 28nov03 Effective Date: 02dec03 Termination Dale: 15dec11 Fixed Amounts: Fixed Rate Payer: Party a Fixed Rate Payer Payment Dates: The 15th of Each June and December, Commencing 15jun04 and Ending on Termination Date, Subject to Adjustment in Accordance With the Modified Following Business Day Convention. Fixed Rate Payer Period End Dates: The 15th of Each June and December, Commencing 15jun04 and Ending on the Termination Date. No Adjustment. Fixed Rate: 6.37500% Fixed Rate Day Count Fraction: 30/360

from 10-Q 2 pages In This Confirmation “Party A” Means Bank of America, N.A. and “Party B” Means Mandalay Resort Group. 2. the Terms of the Particular Transaction to Which This Confirmation Relates Are as Follows: Notional Amount: Usd 50,000,000.00 Trade Date: 22jul03 Effective Date: 31jul03 Termination Date: 31jul09, Subject to Adjustment in Accordance With the Modified Following Business Day Convention Fixed Amounts: Fixed Rate Payer: Party a Fixed Rate Payer Payment Dates: The 31st of Each January and July, Commencing 31jan04 and Ending 31 Jul09, Subject to Adjustment in Accordance With the Modified Following Business Day Convention. No Adjustment of Period End Dates. Fixed Rate: 6.50000% Fixed Rate Day Count Fraction: 30/360 Floating Amounts: Floating Rate Payer: Party B Floating Rate Payer Payment Dates: The 31st of Each January and July, Commencing 31jan04 and Ending 31julo9, Subject to Adjustment in Accordance With the Modified Following Business Day Convention. Floating Rate for Initial Calculation Period: To Be Set Floating Rate Option: Usd-Libor-Bba Averaging: Inapplicable Designated Maturity: 6 Month Spread: Plus 2.42000% Floating Rate Day Count

from 10-Q 2 pages Material contract

from 10-Q 94 pages Participation Agreement Dated as of June 30, 2003 Among Mandalay Resort Group, Mandalay Corp., Ramparts, Inc., New Castle Corp., and Circus Circus Casinos, Inc., as Lessees, Mandalay Resort Group and Its Subsidiaries Listed on Schedule I, as Guarantors, Wells Fargo Bank Northwest, National Association, Not in Its Individual Capacity, but Solely as Lessor and Trustee, the Persons Listed on Schedule III, as Lenders, and Wells Fargo Bank Nevada, National Association, as Collateral Agent Banc of America Leasing & Capital, LLC, as Arranger the Cit Group/Equipment Financing, Inc. as Documentation Agent Bank of Scotland, as Syndication Agent

from 10-Q 11 pages Guaranty Dated as of June 30, 2003 of Mandalay Resort Group and Its Subsidiaries Named Herein in Favor of Wells Fargo Bank Northwest, National Association and the Other Beneficiaries Named Herein

from 10-Q 47 pages Master Lease Dated as of June 30, 2003 Among Mandalay Resort Group, Mandalay Corp., Ramparts, Inc., New Castle Corp., and Circus Circus Casinos, Inc., as Lessees, and Wells Fargo Bank Northwest, National Association, Not in Its Individual Capacity, but Solely as Trustee Under the Trust Agreement Dated as of June 30, 2003, as Lessor Mandalay 2003 — A Lease Financing

from 10-K 1 page Seventeenth Amendment to the Mandalay Resort Group Employees' Profit Sharing and Investment Plan

from 10-Q 1 page Seventh Amendment to the Amended and Restated Development Agreement by and Among the City of Detroit, the Economic Development Corporation of the City of Detroit and Detroit Entertainment, L.L.C

from 10-K ~5 pages Amendment to Stock Purchase Agreement

from 10-K ~50 pages Aircraft Lease Agreement Dated as of December 28, 2001

from 10-K ~50 pages Aircraft Lease Agreement Dated as Of