FOR IMMEDIATE RELEASE
MTR GAMING GROUP ADDED TO THE
RUSSELL 2000® AND RUSSELL 3000® STOCK INDEXES
CHESTER, WV - July 10, 2001 - MTR Gaming Group, Inc. (Nasdaq
National Market:MNTG) announced that it was added on Monday,
July 9, 2001 to the Russell 2000® and Russell 3000® Indexes.
The Russell 3000® Index measures the performance of the
3,000 largest U.S companies based on total market capitalization
and the Russell 2000® Index measures the performance
of the 2,000 smallest companies in the Russell 3000® Index.
More than $180 billion is invested in funds modeling Russell's
U.S. Indexes. Commenting, Edson R. (Ted) Arneault, President and CEO of
MTR Gaming Group, stated, "We are very proud to be included
among the nation's leading small cap companies. This is a reflection
of the growth we have achieved by transitioning our Mountaineer Casino Racetrack and Resort into a diversified entertainment
complex and destination resort." 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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