FOR IMMEDIATE RELEASE
MTR GAMING GROUP SCHEDULES FINANCIAL RESULTS NEWS RELEASE
AND CONFERENCE CALL
CHESTER, WV - October 25, 2001 - MTR Gaming Group, Inc. (Nasdaq
National Market:MNTG) today announced that it will issue its
financial results for the third quarter ended September 30,
2001 on Tuesday, October 30, 2001. The results will be released
before the open of the stock market. Edson R. (Ted) Arneault,
President and CEO, will conduct a conference call focusing
on the financial results and the progress of the Company's
expansion in West Virginia at 10:00 a.m. ET on Tuesday, October
30, 2001. Interested parties may participate in the call by
dialing 212-346-6384 approximately 10 minutes before the call
is scheduled to begin.
The conference call will be broadcast live over the Internet
via the Investor Relations section of the Company's web site
at www.mtrgaming.com. To listen to the live call please go
to the website at least 15 minutes early to register, download
and install any necessary audio software. If you are unable
to listen live, the conference call will be archived and can
be accessed for approximately 90 days. A recorded phone replay
of the call will also be available from 12:00 pm ET on Tuesday,
October 30, 2001 to 12:00 pm ET on Wednesday, October 31, 2001.
Listeners may dial 800-633-8284 (858-812-6440 for international
callers) and use the code 19931141 for the phone replay.
About MTR Gaming Group
MTR Gaming Group owns and operates the Mountaineer Casino Racetrack and Resort in Chester, West Virginia, which currently encompasses
a thoroughbred racetrack with off-track betting and export
simulcasting, 3,200 slot machines, 359 hotel rooms, golf course,
spa & fitness center, theater and events center, convention
center and fine dining and entertainment. The Company also
owns and operates the Ramada Inn and Speedway Casino in North
Las Vegas, and holds a license to build a new thoroughbred
racetrack with parimutuel wagering in Erie, Pennsylvania. MTR
is included on the Russell 2000® and Russell® 3000
Indexes. For more information, please visit www.mtrgaming.com.
Except for historical information, this
press release contains forward-looking statements concerning,
among other things, the acquisition of Scioto Downs, Inc.
Such statements are based on MTR’s current plans and
expectations. Such statements are subject to a number of
risks and uncertainties that could cause the statements made
to be incorrect and/or for actual results to differ materially.
Those risks and uncertainties are described in the Company’s
periodic reports filed with the Securities and Exchange Commission,
and with respect to the Scioto Downs acquisition are described
in the Merger Agreement, as amended, which is attached as
exhibits to the Company’s reports on Forms 8-K filed
December 24, 2002.
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