FOR IMMEDIATE RELEASE
MTR GAMING GROUP TO PRESENT AT UPCOMING INVESTMENT CONFERENCES
CHESTER, WV – February 8, 2002 – MTR Gaming Group,
Inc. (Nasdaq National Market:MNTG) today announced that its
President and CEO, Edson R. (Ted) Arneault, will present
at the American Gaming Summit in Las Vegas on Tuesday, February
12, 2002 at 11:45 a.m. PT. The Summit is being sponsored
by
Bear Stearns, Deutsche Bank, Dresdner Kleinwort Wasserstein,
Jefferies, Lehman Brothers, Robertson Stephens, Salomon Smith
Barney and UBS Warburg.
In addition, Mr. Arneault will present at the CIBC World Markets
Gaming, Lodging, Leisure and Travel Service Conference in New
York City on Tuesday, February 26, 2002 at 10:45 a.m. ET. Mr.
Arneault will also be among several gaming company executives
participating in CIBC’s Racino Panel the following day
at 4:30 p.m. ET. The presentation and panel will be broadcast
live over the Internet via the Investor Relations section of
the Company’s web site - www.mtrgaming.com. To listen
live and view the slides of the presentation, go to the web
site at least 15 minutes early to register, download and install
any necessary software.
MTR Gaming Group, Inc. owns and operates the Mountaineer Casino Racetrack and Resort in Chester, West Virginia, which
currently encompasses over 2,000 acres of primarily undeveloped
land, a thoroughbred racetrack with off-track betting and export
simulcasting, 2,500 slot machines, a 101-room hotel, golf course,
spa & fitness center, theater and events center, convention
center and fine dining and entertainment. The Company also
operates the Ramada Inn and Speedway Casino in North Las Vegas,
and the Ramada Inn in Reno, Nevada. Named to Forbes’ Best
200 Small Companies List (#7, with feature article) and Business
Week’s Top 100 Hot Growth Companies List (#68), MTR is
included on the Russell 2000® and Russell® 3000 Indexes.
For more information, please visit www.mtrgaming.com.
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. About Scioto Downs
Scioto Downs owns and operates a harness horse racing facility in Columbus,
OH. Major racing programs conducted at Scioto’s facilities include
the Little Brown Jug Preview, the Scarlet O’Hara, the Pink Bonnet,
the Ohio Sires Stakes events and Ohio Fair stakes events.
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, March 5, 2003, and May 7, 2003. MTR’s
plans to build a racetrack in Erie, Pennsylvania remain subject
to the possibility of a legal challenge to the July 17, 2003
decision of the Pennsylvania State Horse Racing Commission
reinstating the license (which was originally granted in
late 2002) and the risks associated with land acquisition,development,
construction and integration of new operations. The Company
does not intend to update publicly any forward-looking statements,
except as may be required by law. |
