MTR GAMING GROUP ANNOUNCES TABLE GAME AND SLOT TREND AT MOUNTAINEER

CHESTER, WV – January 16, 2008 – MTR Gaming Group, Inc. (NasdaqGS:MNTG) today announced that, since full commencement of table games on December 20, 2007, table games and poker have generated approximately $3 million in revenues as of January 13th. The Company anticipates gross margins of between 17% and 20% for table games on a full year basis.

For the first 13 days of January 2008, table games revenue amounted to $1.5 million, with a win per table per day of $2,572, and poker revenue amounted to $297,000, with a win per table per day of $617.

Edson R. (Ted) Arneault, CEO of MTR Gaming Group, stated, "The attendance at Mountaineer since the opening of table games on December 20th has been exceptional and exceeded our best expectations. We are pleased with the trend in slot revenue since the full commencement of table games. With the energy and excitement generated by table games, we have attracted both table games and slot players, many of whom also generate ancillary revenues in our restaurants, hotel, stores, and other amenities Mountaineer offers."

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