MTR GAMING GROUP SCHEDULES FOURTH QUARTER
AND YEAR-END FINANCIAL RESULTS NEWS RELEASE AND CONFERENCE
CALL
CHESTER, WV – May 3, 2005 – MTR Gaming Group,
Inc. (Nasdaq National Market:MNTG) today announced that
it will issue its financial results for the first quarter
ended March 31, 2005 on Monday, May 9, 2005 before the stock
market opens. Edson R. (Ted) Arneault, President and CEO,
John W. Bittner, Jr., CFO, David R. Hughes, COO of the Company’s
Mountaineer Park, Inc. subsidiary, and Roger M. Szepelak,
COO of the Company’s Nevada subsidiaries, will conduct
a conference call focusing on the financial results and
recent corporate developments at 10:00 a.m. ET on Monday,
May 9, 2005. Interested parties may participate in the call
by dialing 706-679-0882 – please call in 10 minutes
before the call is scheduled to begin, and ask for the MTR
Gaming call.
The conference call will be webcast live 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; 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). Additionally, the Company has entered into
a definitive agreement to acquire 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.
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