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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 PNhASp+K88iQQid978tGgBSf9xZ1ifgBQKEyMUDA5wqvxprMaHM1BxRk9y3gdnF8
 TmSItU+CUvFGkU9WyJxt7w==

<SEC-DOCUMENT>0001104659-04-006905.txt : 20040310
<SEC-HEADER>0001104659-04-006905.hdr.sgml : 20040310
<ACCEPTANCE-DATETIME>20040310162111
ACCESSION NUMBER:		0001104659-04-006905
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040303
FILED AS OF DATE:		20040310

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BENJAMIN JEFFREY D
		CENTRAL INDEX KEY:			0001194016

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08570
		FILM NUMBER:		04660475

	BUSINESS ADDRESS:	
		STREET 1:		1301 AVENUE OF THE AMERICAS
		STREET 2:		38TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	MAIL ADDRESS:	
		STREET 1:		1301 AVENUE OF THE AMERICAS
		STREET 2:		38TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MANDALAY RESORT GROUP
		CENTRAL INDEX KEY:			0000725549
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				880121916
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0131

	BUSINESS ADDRESS:	
		STREET 1:		3950 LAS VEGAS BLVD S
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119
		BUSINESS PHONE:		7027340410

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CIRCUS CIRCUS ENTERPRISES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>a3.xml
<DESCRIPTION>3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-03-03</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000725549</issuerCik>
        <issuerName>MANDALAY RESORT GROUP</issuerName>
        <issuerTradingSymbol>MBG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001194016</rptOwnerCik>
            <rptOwnerName>BENJAMIN JEFFREY D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1301 AVENUE OF THE AMERICAS</rptOwnerStreet1>
            <rptOwnerStreet2>38TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <ownerSignature>
        <signatureName>Jeffrey D. Benjamin</signatureName>
        <signatureDate>2004-03-08</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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