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MTR GAMING GROUP ANNOUNCES FIRST QUARTER RESULTS
CHESTER, WV – May 12, 2008 – MTR Gaming Group, Inc. (NasdaqGS:MNTG) today announced that David R. Hughes has been appointed CFO and Executive Vice President of the Company.
Mr. Hughes joined the Company in January of 2003 as Chief Operating Officer of Mountaineer Park, a position he held until January 2007. He served as Executive Vice President of Strategic Operations of MTR Gaming Group from January 2007 to May 2008. Mr. Hughes has 24 years of operational and financial experience in the gaming and hospitality industries. Prior to joining the Company, Mr. Hughes served as CFO of Penn National Gaming's Charles Town Races & Slots property in Charles Town, West Virginia. Mr. Hughes has also held senior executive operational and financial management positions with major gaming companies throughout the United States. His destination resort experience includes key operating and financial positions with Resorts Hotel and Casino, Mohegan Sun Casino, Trump Plaza Hotel and Casino and the Sands Hotel and Casino. He holds a Bachelor of Science Degree in Business Administration and Accounting from Stockton State College and is a Certified Public Accountant. John W. Bittner, Jr. has been appointed Executive Vice President of Finance and Accounting for the Company.
Edson R. (Ted) Arneault, President and CEO of MTR Gaming Group, stated, “We are pleased to welcome David in his new positions with the MTR team and are confident he will continue to be a valuable asset to MTR.”
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.
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 |
