Needles Desert Star from Needles, California on September 18, 1985 · 6
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Needles Desert Star from Needles, California · 6

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Needles, California
Issue Date:
Wednesday, September 18, 1985
Page:
6
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6 NEEDLES DESERT STAR, WEDNESDAY, SEPTEMBER 1 8, 1 985 Circus Circus Earnings Increase LAS VEGAS, Nevada -September 3, 1985 - Circus Circus, Enterprises, Inc. (NYSE, PSE) today reported its results for the second quarter and six months ended July 31, 1985. For the second quarter, the company posted net income of $11,648,000, or $.62 per share, compared with $8,519,000, or $.46 per share, for the same period last year. Revenues were $82,886,000 against $72,458,000. Each of the companys major properties in its three Nevada markets was a significant contributor in earnings. For the quarter, Circus Circus-Las Vegas recorded an increase of 15 in operating income ($13.12 million versus $11.38 million) compared with last years like period, while Circus Circus-Reno, whose 900-room Skyway Tbwer opened fully on July 1, experienced a 9 increase in operating income ($5.84 million versus $5.36 million). And the Edgewater Hotel and Casino in Laughlin more than doubled its operating income against the year-prior second period ($3.40 million versus $1.64 million), aided by the fact that the property operated more rooms during the quarter than in last years same period. The first phases of our expansion program are in place and producing earnings growth, said William G. Bennett, the companys chairman and chief executive officer. The opening of the Skyway Tower at Circus Circus-Reno, which has operated at 100 occupancy, was the force a ( L . t--- ' '- v : j September Coupon Special Order any LARGE PIZZA and PAY a MEDIUM Price with this coupon Meat Ball & Green Pepper SUB $985 w Garden Salad L Frozen Yogurt 839 Front St. 326-3303 FREE DELIVERY ft Pictured is artists rendering of 29-story addition now under construction at Circus Circus HotelCasino. Dubbed the Circus Skyrise, the new tower will add 1,188 rooms to the Las Vegas mid-Strip resorts present 1,605, for a total of 2,793 rooms. Included in the addition will be approximately 17,000 square feet of casino area and 10,000 square feet for a race and sports book, as well as a parking garage. Upon completion of the project in April of 1986, Circus Circus will contain a total of over 100,000 square feet of casino space, resulting in the largest casino capacity in the industry. Site of the Circus Skyrise is Circus Circus Drive, across the street from the main hotel-casino-circus complex and adjacent to Circus Manor and Circusland RV Park. A new arm of the Circus Sky Shuttle will link the Skyrise to the main Big Top. General contractor for the $59 million project is Mamell Corrao Associates of Las Vegas. - - ' Photo Courtesy of Circus Circus HotelCasino behind our record resuits at the property in the month of July. While construction on the tower hampered our results in Reno for the first two months of the quarter, the July figures were strong enough to bring us positive comparisons for the overall quarter. And the additional casino capacity and parking that we opened at Circus Circus-Las Vegas in late June helped us to achieve record quarterly casino revenues and operating income at that property. Last year a prolonged strike at other Las Vegas proper- HARDWARE STORES now If you havent received your copy, get one FREE at oJlaypool&co. Jnmlcm, HARDWARE STORES OPEN 8- 5: Daily Sun. 9-3 ties depressed overall business activity in the city during the second quarter, affecting results at Circus Circus as well. For the six months ended July 31, 1985, Circus reported net income up 30 to $21,708,000, or $1.16 per share, compared with net income of $16,752,000, or $.90 per share, in the corresponding six months last year. Revenues were $154,431,000 against $137,357,000. The company is slightly ahead of schedule on the construction of its 29-story Circus Skyrise, whose 1,188 rooms will open at Circus Circus-Las Vegas next April. The new tower will contain approximately 27,000 square feet of casino space. Also, Circus has recently announced plans to build a second hotel and casino in Laughlin, to be called the Colorado Belle This 800-room property, developed on the theme of a classic Mississippi riverboat, will offer 46,000 square feet of casino space and is slated to open in mid-1987. For the next three to five years, we believe this company has set a sound course for growth in revenues and earnings through our expansion projects, said Bennett. Circus Circus Enterprises, Inc. (stock symbol: CIR) has five properties in Nevada : the Circus Circus casino-hotels in Las Vegas and Reno; the Edgewater Hotel and Casino in Laughlin; and Slots-A-Fun Casino and Silver City Casino in Las Vegas. Hit Comedy Continues At Union Plaza The hit comedy team of Mimi Hines and Phil Ford lead a top-notch cast in the adult comedy romp, THE MIND WITH A DIRTY MAN" now running indefinitely in the Union Plaza Hotel and Casinos main showroom. The story line of the play centers around a small town couple dealing with their own attitudes and standards in todays world compared to their movie producer sons more liberal perspective, including starring his wife Divina in a porn film. The role of Divina is played by talented singer, dancer and actress Marleta Marrow. Ms. Marrows stage credits include Meet Me In St. Louis, Best Little Whorehouse in Texas, Fiddler On the Roof, and Leonard Bernsteins opera Trouble In Tahiti. Dan Ferrone, who plays the part of the son, made his Broadway debut as Rolf in Fiddler On the Roof and has been seen on daytime soaps such as General 1 Hospital. A praying Mimi, a bedazzled Phil, an eyes-a-poppin daughter in law, and a fun-poking son set the scene for a fun-filled evening of theatre at the Union Plazas nightly performances. Showtimes are 8 p.m. (dinner show) and at 11:45 p.m. (cocktail show). The lines are sharp, the characters are hilarious and the setting in the showroom of the beautiful Union Plaza Hotel are all that is needed to be entertained in the finest fashion and tradition of the theatre That's funny, don't taste it 7 Sait used in its pure form and in the many chemicals derived from it, directly affects almost all major industries. There's salt in shoe leather, in the dye of a hat and tons go into the production of paper. Ft. Mohave resident, Martin Pickens, was playing a 25 cent Keno Machine and hit $ 1,175 while spending a little leisure time at Del Webbs Nevada Club. MEdD Stlfltl, f.l.D. ANNOUNCES THE OPENING OF HER OFFICE FOR THE PRACTICE OF OPHTHALMOLOGY PRACTICE LIMITED TO THE DISEASES OF THE EYES. REGULAR EYE EXAM - SURGERY REFRACTION - CONTACT LENS - EYE GLASSES CATARACT SURGERY AND IMPLANTS AT nra amm cam 1 555 E RAMAR RD., RIVERIA, AZ 86442 For Appointment Please Call 76D-(S:D V y cri ? t 725 Broadway Naadlas 4 PTC

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