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MTR GAMING GROUP SCHEDULES FINANCIAL RESULTS NEWS RELEASE AND CONFERENCE CALL

CHESTER, WV – March 2, 2004 – MTR Gaming Group, Inc. (Nasdaq National Market:MNTG) today announced that it will issue its financial results for the fourth quarter and fiscal year ended December 31, 2003 on Wednesday, March 10, 2004 before the stock market opens. Edson R. (Ted) Arneault, President and CEO, John W. Bittner, Jr., CFO, and David R. Hughes, COO of the Company’s Mountaineer Park, Inc. subsidiary, will conduct a conference call focusing on the financial results and recent corporate developments at 10:00 a.m. ET on Wednesday, March 10, 2004. Interested parties may participate in the call by dialing 973-317-5319 – please call in 10 minutes before the call is scheduled to begin, and ask for the MTR Gaming call.

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 call please go to the web site 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 on the Company’s web site.

About MTR Gaming Group
MTR Gaming Group, Inc., through subsidiaries, owns and operates the Mountaineer Casino Racetrack and Resort in Chester, West Virginia, Scioto Downs in Columbus, Ohio, the Ramada Inn and Speedway Casino in North Las Vegas, Nevada, and holds a license (judicial review pending) to build Presque Isle Downs, a thoroughbred racetrack with pari-mutuel racing in Erie, Pennsylvania. The Mountaineer facility 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. MTR is included on the Russell 2000® and Russell® 3000 Indexes. For more information, please visit www.mtrgaming.com.

 

MTR Gaming Group, Inc.
Edson R. Arneault,
Pres. & CEO
(304) 387-8300

Investor Relations Counsel:
The Equity Group Inc.
www.theequitygroup.com
Lauren Barbera (212) 836-9610
lbarbera@equityny.com
Loren G. Mortman (212) 836-9604