LAS VEGAS- Mandalay Resort Group said that the exchange offers for its outstanding 9-1/2% senior notes due 2008 and its outstanding 10-1/4% senior subordinated notes due 2007 have been extended until 5:00 p.m., New York City time on October 13, 2000. The extension of the exchange offers will allow holders additional time to tender their notes for the exchange.
Mandalay Resort Groups exchange offers were scheduled to expire at 5:00 p.m., New York City time, on October 10, 2000. The exchange agent for the offers, The Bank of New York, has advised Mandalay that approximately $199.1 million in aggregate principal amount of the 9-1/2% senior notes due 2008 and approximately $498.7 million in aggregate principal amount of the 10-1/4% senior subordinated notes due 2007 have been tendered as of the close of business on Tuesday, October 10, 2000. (10/11/00)