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MTR GAMING GROUP ANNOUNCES WEBCAST OF ANNUAL MEETING AND SECOND QUARTER CONFERENCE CALL

CHESTER, WV – July 15, 2004 – MTR Gaming Group, Inc. (Nasdaq National Market:MNTG) today announced that it will webcast its Annual Meeting of Shareholders, which will take place on Thursday, July 22, 2004, at 10:00 am ET at the New York Marriott East Side in New York City.

Immediately following the Annual Meeting, at approximately 10:30 am ET on July 22, management will discuss the Company’s second quarter financial results, which will be issued separately before the market opens on July 22. Interested parties may participate in the Annual Meeting and/or second quarter discussion by dialing 913-981-5550.

Both the Annual Meeting and second quarter discussion 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 webcast 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, both the Annual Meeting and the second quarter conference call will be archived on the Investor Relations section of 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; Binion’s Horseshoe Hotel & Casino in Las Vegas, Nevada, which the Company operates jointly with an affiliate of Harrah’s; owns a 50% interest in North Metro Harness Initiative, which has filed an application with the Minnesota Racing Commission to construct and operate a harness racetrack and card room in Columbus Township, Anoka County, Minnesota; and holds a license (request for judicial review pending) to build Presque Isle Downs, a thoroughbred racetrack with pari-mutuel racing in Erie, Pennsylvania. The Mountaineer facility, the Company’s primary source of revenues, currently encompasses a thoroughbred racetrack with off-track betting and export simulcasting, 3,220 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