MTR GAMING GROUP RESCHEDULES FOURTH QUARTER AND YEAR-END RELEASE AND CONFERENCE CALL
CHESTER, WV - March 15, 2007 - MTR Gaming Group, Inc. (NasdaqGS:MNTG) today announced that it has rescheduled issuance of its financial results for the fourth quarter and fiscal year ended December 31, 2006 and its corresponding conference call. The Company expects to announce the specific date when it will issue its financial results, and hold a conference call to discuss those results, in the next few days.
The rescheduling is specifically and solely related to the Company's auditor's review of the Company's position with respect to the intangible asset impairment analysis concerning Scioto Downs in accordance with generally accepted accounting principles.
About MTR Gaming Group
MTR Gaming Group, Inc., through subsidiaries, owns and operates the Mountaineer Casino Racetrack and Resort in Chester, WV; Presque Isle Downs & Casino in Erie, PA; Scioto Downs in Columbus, OH; the Ramada Inn and Speedway Casino in North Las Vegas, NV; and Binion's Gambling Hall & Hotel in Las Vegas, NV. The Company also owns a 90% interest in Jackson Trotting Association, LLC, which operates Jackson Harness Raceway in Jackson, MI. Additionally, MTR owns a 50% interest in the North Metro Harness Initiative, LLC, which has a license to operate a harness racetrack 30 miles north of downtown Minneapolis. MTR is included on the Russell 2000® and Russell® 3000 Indexes. For more information, please visit www.mtrgaming.com.
Except for historical information, this press release contains forward-looking statements. The Company does not intend to update publicly any forward-looking statements, except as may be required by law. The cautionary advice in this paragraph is permitted by the Private Securities Litigation Reform Act of 1995.
For Additional Information, Please Contact:
MTR Gaming Group, Inc.
Steven D. Overly, VP, Business and Legal Affairs
(304) 387-8558
soverly@mtrgaming.com
Investor Relations Counsel:
The Equity Group Inc.
Lauren G. Mortman
(212) 836-9604
LMortman@equityny.com
www.theequitygroup.com
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