MTR GAMING ENTERS INTO AGREEMENTS WITH PARI-MUTUEL
CLERKS AND HORSEMEN
CHESTER, WV – January 12, 2004 – MTR Gaming Group,
Inc. (Nasdaq National Market:MNTG) announced that its wholly
owned subsidiary, Mountaineer Park, Inc., reached a new, five-year
agreement with the union representing its pari-mutuel clerks,
and a new, three-year agreement with the Horsemen’s Benevolent
and Protective Association governing live racing and simulcasting.
Live racing will continue as planned on the next scheduled
racing date, January 19, 2004, and import simulcasting recommenced
on Sunday, January 11.
The Company reiterated that the negotiations did not interfere
with Mountaineer’s slot operations.
Edson R. (Ted) Arneault, President and CEO of MTR Gaming Group,
commented, “We believe that we will execute new contracts
with our pari-mutuel clerks by January 10, 2004 and with the
HBPA by January 19, 2004. We look forward to announcing our
progress.”
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.
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