MTR GAMING GROUP SUBSIDIARY ACQUIRES
90% INTEREST IN JACKSON, MICHIGAN RACETRACK
CHESTER, WV – December 8, 2005 – MTR Gaming
Group, Inc. (Nasdaq National Market:MNTG) today announced
that its wholly owned subsidiary, Jackson Racing, Inc.,
acquired a 90% interest in Jackson Trotting Association,
LLC, a Michigan limited liability company that operates
Jackson Harness Raceway.
Jackson Harness Raceway conducts live harness racing (mid-April
through mid-June) and year-round simulcasting with pari-mutuel
wagering in Jackson, Michigan. The facility is located on
I-94, approximately 35 miles from Lansing, 40 miles from
Ann Arbor, 70 miles from Detroit and 70 miles from Toledo,
OH.
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
Gambling Hall & Hotel in Las Vegas, Nevada, and holds
a license to build Presque Isle Downs, a thoroughbred racetrack
with pari-mutuel wagering in Erie, Pennsylvania. The Company
also owns a 50% interest in the North Metro Harness Initiative,
LLC, which has a license to construct and operate a harness
racetrack 30 miles north of downtown Minneapolis (judicial
review pending), and a 90% interest in Jackson Trotting
Association, LLC, which operates Jackson Harness Raceway
in Jackson, Michigan. 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.
For Additional Information, Please Contact:
Investor Relations Counsel:
The Equity Group Inc.
Loren Mortman
212-836-9604
Lauren Till
212-836-9610
LTill@equityny.com
www.theequitygroup.com |
