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MTR GAMING GROUP TO PRESENT AT CL KING INVESTMENT CONFERENCE

CHESTER, WV – September 20, 2004 – MTR Gaming Group, Inc. (Nasdaq National Market:MNTG) today announced Robert A. Blatt, Vice President and Director, will present at CL King’s “Best Ideas” Conference in New York on Tuesday, September 21st at 1:30 pm ET.

A replay of the audio/visual presentation will be available via the Investor Relations section of the Company’s website at www.mtrgaming.com beginning at approximately 9:00 am ET on Thursday, September 23rd. The presentation will be archived for 30 days.

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; 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 Company also owns a 50% interest in the North Metro Harness Initiative, LLC which has filed an application with the Minnesota Racing Commission to construct and operate a harness racetrack and card room 30 miles north of downtown Minneapolis. 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.

Except for historical information, the audio/visual presentation referenced in this press release may contain forward-looking statements. Such statements are based on the Company’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. The Company does not intend to update publicly any forward-looking statements, except as may be required by law.

 

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