MTR GAMING GROUP AND TLC CASINO ENTERPRISES ON-TRACK TO CLOSE SALE OF BINION’S IN FEBRUARY

CHESTER, WV – January 10, 2008 – MTR Gaming Group, Inc. (NasdaqGS:MNTG) and TLC Casino Enterprises, Inc. announced that the Nevada Gaming Control Board unanimously voted to recommend approval of the sale of Binion's to TLC Casino Enterprises to the Nevada Gaming Commission yesterday. Assuming that the Nevada Gaming Commission approves the sale at its meeting on January 24, MTR Gaming Group and TLC Casino Enterprises expect to close the sale in February. In December, TLC Casino Enterprises administratively exercised its right to extend the sale agreement to allow for the anticipated January approval and February closing. MTR Gaming Group and TLC Casino Enterprises entered into a definitive agreement in June 2007 to sell Binion's Gambling Hall & Hotel for $32 million in cash, subject to certain adjustments.

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, and 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 concerning the sale of Binion's Gambling Hall & Hotel. 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. Those risks and uncertainties include but are not limited to, satisfaction of customary closing conditions, including, but not limited to, regulatory approvals, and the parties' compliance with the terms of the definitive agreement. 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.
www.mtrgaming.com
Steven D. Overly, VP, Business and Legal Affairs
(304) 387-8558
soverly@mtrgaming.com

Investor Relations Counsel:
The Equity Group Inc.
www.theequitygroup.com
Melissa Dixon (212) 836-9613
Mdixon@equityny.com
Linda Latman (212) 836-9609
LLatman@equityny.com