MTR Gaming Group Moves up 2008 Fourth Quarter News Release and Conference Call for Thursday, March 12th to 4:30 PM

CHESTER,WV – MTR Gaming Group, Inc. (NasdaqGS:MNTG) today announced that it will issue its financial results for the fourth quarter and year ended December 31, 2008 on Thursday, March 12, 2009 after the stock market closes.

Management will conduct a conference call focusing on the financial results and recent corporate developments at 4:30 p.m. EDT on Thursday, March 12, 2009. Interested parties may participate in the call by dialing (888) 559-4229. Please call in 10 minutes before the call is scheduled to begin and ask for the MTR Gaming call (conference ID # 83126116).

The conference call will be webcast live via the Investor Relations section of the Company’s website at www.mtrgaming.com. To listen to the live webcast please go to the website at least 15 minutes early to register, download and install any necessary audio software. If you are unable to listen live, conference call will be archived on the Investor Relations section of the Company’s web site.

About MTR Gaming Group

MTR Gaming Group, Inc., through subsidiaries, owns and operates Mountaineer Casino, Racetrack & Resort in Chester, WV; Presque Isle Downs & Casino in Erie, PA; and Scioto Downs in Columbus, OH. The Company also owns a 50% interest in the North Metro Harness Initiative, LLC, which operates Running Aces Harness Park in Minneapolis, MN. For more information, please visit www.mtrgaming.com.

Except for historical information, this press release contains forward-looking statements concerning the viability and profitability of the Company and certain related employment and revenue matters. 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, the Company’s ability to ensure its long term viability and profitability, its ability to continue to provide jobs and generate revenue, and other factors described in the Company’s periodic reports filed with the Securities and Exchange Commission. 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.

Contacts

MTR Gaming Group, Inc.
TDavid Hughes, Executive VP and CFO
304-387-8114, Dhughes@mtrgaming.com