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CIRCUS CIRCUS ANNOUNCES SELECTION BY PORTAGE, IND. IN RIVERBOAT COMPETITION

 LAS VEGAS, Sept. 14 /PRNewswire/ -- Circus Circus Enterprises Inc. today announced that it has signed an agreement with Portage, Ind. Mayor Samie Maletta wherein the city agreed to support Circus Circus as the exclusive applicant for the riverboat license in Portage. Portage is located 35 miles east of downtown Chicago.
 Under Indiana law, the decision as to who will receive a riverboat license will be made by the Indiana Gaming Commission.
 Circus and the city agreed to use their best efforts to sign a detailed development agreement within 30 days designating Circus as the master developer of an entertainment redevelopment district and, if necessary, obligates the city to use its powers of eminent domain to acquire land for the project. In return, Circus agreed to fund a special countywide election on Nov. 2, 1993, authorizing riverboat gaming and agreed to refrain from seeking another owner's license in Indiana as long as the Portage proposal moves forward.
 The proposed Circus development site includes several hundred acres and borders U.S. Interstate Highway 94 and Indiana State Route 249. Circus' preliminary estimates of the initial cost of the Portage facility, if approved and licensed, is between $80 million and $100 million. The project would include a riverboat, entertainment facility, and a small hotel as well as other amenities.
 -0- 9/14/93
 /CONTACT: Clyde T. Turner, 702-734-0410, ext. 3189/


CO: Circus Circus Enterprises Inc. ST: Nevada, Indiana IN: CNO SU:

MF-EH -- LA024 -- 1883 09/14/93 15:55 EDT
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Publication:PR Newswire
Date:Sep 14, 1993
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