FOR IMMEDIATE RELEASE
MTR GAMING GROUP SCHEDULES FINANCIAL RESULTS
NEWS RELEASE AND CONFERENCE CALL
CHESTER, WV - August 1, 2001 - MTR Gaming Group, Inc. (Nasdaq
National Market:MNTG) today announced that it will issue its
financial results for the second quarter ended June 30, 2001
on Tuesday, August 7, 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, August 7, 2001. Interested
parties may participate in the call by dialing 212-896-6165
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 noon ET on Tuesday,
August 7, 2001 to 12:00 noon ET on Wednesday, August 8, 2001.
Listeners may dial 800-633-8284 (858-812-6440 for international
callers) and use the code 19489782 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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