8-K

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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported) September 10, 2002
MANDALAY RESORT GROUP (Exact Name of Registrant as specified in its charter)
Nevada (State or other jurisdiction of incorporation)	1-8570 (Commission File Number)	88-0121916 (IRS Employer Identification No.)
3950 Las Vegas Boulevard South, Las Vegas, Nevada 89119 (Address of Principal Executive Offices)
Registrant's telephone number, including area code (702) 632-6700

(Former Name or Former Address, if Changed Since Last Report)

INFORMATION INCLUDED IN THIS REPORT

Item 5. Other Events.

        On September 10, 2002, the Principal Executive Officer, Michael S. Ensign, and the Principal Financial Officer, Glenn Schaeffer, of Mandalay Resort Group submitted to the SEC sworn statements pursuant to Securities and Exchange Commission Order No. 4-460.

Item 7. Financial Statements, Proforma Financial Information and Exhibits.

        Exhibits

99.1

Statement in writing, under oath, of the Chief Executive Officer of Mandalay Resort Group in response to the Order of the Securities and Exchange Commission pursuant to Section 21(a)(1) of the Securities Exchange Act of 1934 (No. 4-460), dated September 9, 2002.



99.2

Statement in writing, under oath, of the Chief Financial Officer of Mandalay Resort Group in response to the Order of the Securities and Exchange Commission pursuant to Section 21(a)(1) of the Securities Exchange Act of 1934 (No. 4-460), dated September 9, 2002.

Signatures

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	MANDALAY RESORT GROUP
Dated: September 9, 2002	By:	/s/  GLENN SCHAEFFER Glenn Schaeffer President, Chief Financial Officer and Treasurer

Index to Exhibits

No.	Description
99.1	Statement in writing, under oath, of the Chief Executive Officer of Mandalay Resort Group in response to the Order of the Securities and Exchange Commission pursuant to Section 21(a)(1) of the Securities Exchange Act of 1934 (No. 4-460), dated September 9, 2002.
99.2	Statement in writing, under oath, of the Chief Financial Officer of Mandalay Resort Group in response to the Order of the Securities and Exchange Commission pursuant to Section 21(a)(1) of the Securities Exchange Act of 1934 (No. 4-460), dated September 9, 2002.

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Item 5. Other Events.
Item 7. Financial Statements, Proforma Financial Information and Exhibits.

EX-99.1

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Exhibit 99.1

STATEMENT UNDER OATH OF PRINCIPAL
EXECUTIVE OFFICER REGARDING FACTS AND
CIRCUMSTANCES RELATING TO EXCHANGE ACT

        I, Michael S. Ensign, state and attest that:

(1)

To the best of my knowledge, based upon a review of the covered reports of Mandalay Resort Group, and, except as corrected or supplemented in a subsequent covered report:

•

no covered report contained an untrue statement of a material fact as of the end of the period covered by such report (or in the case of a report on Form 8-K or definitive proxy materials, as of the date on which it was filed); and

•

no covered report omitted to state a material fact necessary to make the statements in the covered report, in light of the circumstances under which they were made, not misleading as of the end of the period covered by such report (or in the case of a report on Form 8-K or definitive proxy materials, as of the date on which it was filed).

(2)

I have reviewed the contents of this statement with Mandalay Resort Group's audit committee.

(3)

In this statement under oath, each of the following, if filed on or before the date of this statement, is a "covered report":

•

The Annual Report on Form 10-K for the fiscal year ended January 31, 2002 filed with the Commission of Mandalay Resort Group;

•

all reports on Form 10-Q, all reports on Form 8-K and all definitive proxy materials of Mandalay Resort Group filed with the Commission subsequent to the filing of the Form 10-K identified above; and

•

any amendments to any of the foregoing.

/s/  MICHAEL S. ENSIGN Michael S. Ensign
Chairman of the Board,
Chief Executive Officer and
Chief Operating Officer
  
September 9, 2002       
Subscribed and sworn to
before me this 9^th day of
September, 2002.
/s/  VITORIA T. FERRARONotary Public
My Commission Expires January 6, 2005

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STATEMENT UNDER OATH OF PRINCIPAL EXECUTIVE OFFICER REGARDING FACTS AND CIRCUMSTANCES RELATING TO EXCHANGE ACT

EX-99.2

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Exhibit 99.2

STATEMENT UNDER OATH OF PRINCIPAL
FINANCIAL OFFICER REGARDING FACTS AND
CIRCUMSTANCES RELATING TO EXCHANGE ACT FILINGS

        I, Glenn Schaeffer, state and attest that:

(1)

To the best of my knowledge, based upon a review of the covered reports of Mandalay Resort Group, and, except as corrected or supplemented in a subsequent covered report:

•

no covered report contained an untrue statement of a material fact as of the end of the period covered by such report (or in the case of a report on Form 8-K or definitive proxy materials, as of the date on which it was filed); and

•

no covered report omitted to state a material fact necessary to make the statements in the covered report, in light of the circumstances under which they were made, not misleading as of the end of the period covered by such report (or in the case of a report on Form 8-K or definitive proxy materials, as of the date on which it was filed).

(2)

I have reviewed the contents of this statement with Mandalay Resort Group's audit committee.

(3)

In this statement under oath, each of the following, if filed on or before the date of this statement, is a "covered report":

•

The Annual Report on Form 10-K for the fiscal year ended January 31, 2002 filed with the Commission of Mandalay Resort Group;

•

all reports on Form 10-Q, all reports on Form 8-K and all definitive proxy materials of Mandalay Resort Group filed with the Commission subsequent to the filing of the Form 10-K identified above; and

•

any amendments to any of the foregoing.

/s/  GLENN SCHAEFFER Glenn Schaeffer
President, Chief Financial Officer
and Treasurer
      
      
September 9, 2002       
Subscribed and sworn to
before me this 9^th day of
September, 2002.
/s/  VITORIA T. FERRARONotary Public
My Commission Expires January 6, 2005

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STATEMENT UNDER OATH OF PRINCIPAL FINANCIAL OFFICER REGARDING FACTS AND CIRCUMSTANCES RELATING TO EXCHANGE ACT FILINGS