Speakeasy Casino West Virginia
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MTR Gaming Group, Inc. (NasdaqGS:MNTG) today announced that by letter dated December 4, 2007, the West Virginia Lottery Commission approved the plan submitted by Mountaineer Casino, Racetrack & Resort to conduct charitable table gaming events on December 17 and 18 from 7:00 p.m. until 10:00 p.m., paving the way for opening of the games to the public at 10:00 a.m. on December 20. Proceeds from the charity events will benefit the Weirton, West Virginia, United Way. The 50 table games will be located in the Speakeasy Casino in four newly renovated areas and will feature craps, blackjack, roulette, three-card poker and other games. Additional table games are planned to be placed in a pit near the trackside poker room, subject to Lottery Commission approval.
Edson R. (Ted) Arneault, CEO of MTR Gaming Group, stated, 'With the pending launch of table games and the recent opening of 37 poker tables in October, we are significantly expanding the entertainment offering at Mountaineer and entering a new market that appeals to a broader demographic. The table games market is primarily age 50 and under, and we believe that our offering will attract this new demographic, as well as drive increased play from our existing customers. In addition to the 50 new table games, due to significant demand for poker on weekends, we are adding four more poker tables.'
With the addition of poker tables and table games, the resort will now be known as the Mountaineer Casino, Racetrack & Resort.
About MTR Gaming Group
MTR Gaming Group, Inc., through subsidiaries, owns and operates the Mountaineer Casino, Racetrack & Resort in Chester, WV; Presque Isle Downs & Casino in Erie, PA; Scioto Downs in Columbus, OH; Binion's Gambling Hall & Hotel in Las Vegas, NV (under contract for sale); and the Ramada Inn and Speedway Casino in North Las Vegas, NV (under contract for sale). 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 is developing a harness racetrack and card room 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 commencement of table gaming at the Company's resort in West Virginia.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 unforeseen delays in construction or the delivery of equipment, the operation of the charitable events to the satisfaction of the West Virginia Lottery Commission, and other matters that are 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.
Speakeasy Casino West Virginia Reopening
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