Circus Circus' Honeymoon In Vegas Is Over

As angry shareholders jostled to be heard in a meeting at the Excalibur casino in Las Vegas, Circus Circus Chairman William G. Bennett stepped forward. No, Bennett vowed to shareholders, Circus hadn't talked to outsiders about a buyout--only to admit later to reporters that, in fact, it had. One shareholder, lamenting a yearlong nosedive in the stock of Circus Circus Enterprises Inc., from 48 to 26, drew loud applause when he told Bennett: "I don't know whether to go up and get a room for sleeping or for jumping."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.