Sounds like a purchase.

Key Dates:

1968: Jay Sarno opens Circus Circus casino on the Las Vegas Strip.
1972: A 400-room, 15-story hotel tower is added to Circus Circus.
1974: The hotel-casino is incorporated as Circus Circus Enterprises, Inc.; company is acquired by William N. Pennington and William G. Bennett.
1975: A second 15-story tower, with 395 more rooms, is added to the casino.
1978: A second Circus Circus casino is opened in Reno, Nevada.
1979: Company purchases Slots-A-Fun, a Las Vegas casino located next to Circus Circus.
1981: Silver City Casino, located in Las Vegas, is acquired.
1983: Company goes public with a listing on the NYSE; the Edgewater Hotel and Casino in Laughlin, Nevada, is acquired.
1986: The addition of Circus Skyrise and West Casino to the Circus Circus-Las Vegas complex gives the company the largest gaming capacity in the industry.
1987: Company opens its first casino developed from the ground up, the Colorado Belle, located in Laughlin.
1990: The company opens what is then the world's largest resort, Excalibur, a casino with a castle theme located on the Strip.
1991: Company adds a high-rise hotel tower with almost 1,000 rooms to the Edgewater casino.
1993: The $390 million Luxor opens on the Strip next to the Excalibur.
1995: Gold Strike Resorts is acquired for about $500 million.
1999: The $950 million upscale Mandalay Bay resort opens on the Strip; company changes its name to Mandalay Resort Group.