MTR Gaming Group Receives Permanent Ohio Gaming License
May 22 2012 - 8:00AM
Business Wire
MTR Gaming Group, Inc. (NasdaqGS: MNTG) announced today that it
has satisfied all conditions of the Ohio Lottery’s conditional
license and has received its permanent license to install and
operate video lottery terminals (“VLTs”) at its Scioto Downs
racetrack in Columbus, Ohio.
On June 1 at 2:00 pm, the new Scioto Downs will become the
premier choice in the Columbus metro area for gaming, entertainment
and exciting nightlife.
“This is a significant achievement for MTR Gaming as Scioto
Downs becomes the first of Ohio’s racetracks to be granted a
permanent license to operate VLTs in the state,” said Jeffrey Dahl,
President and Chief Executive Officer of MTR Gaming Group, Inc.
“Next week’s opening of Scioto Downs will be the culmination of an
extensive effort and we want to thank the design and construction
crews as well as our MTR Gaming team members for completing the
project on schedule and within budget. We will also be conducting a
ribbon cutting ceremony on June 19 to thank public officials and to
officially welcome our guests to this exciting new gaming and
entertainment complex.”
Scioto Downs’ harness racing season officially opened on May 10.
The newest addition to the property will host 2,125 VLTs and Scioto
Downs is permitted to increase that number to as many as 2,500.
Additionally, there will be a 300-seat buffet, a 100-seat casual
dining restaurant, an 82-seat bar/lounge known as the Veil with
high-tech sound and lights, and will offer a variety of
entertainment options. The existing racetrack also benefited from a
variety of significant improvements.
About MTR Gaming Group
MTR Gaming Group, Inc. is a hospitality and gaming company that
through subsidiaries owns and operates Mountaineer Casino,
Racetrack & Resort in Chester, West Virginia; Presque Isle
Downs & Casino in Erie, Pennsylvania; and Scioto Downs in
Columbus, Ohio. For more information, please visit
www.mtrgaming.com.
Forward-Looking Statements
Except for historical information, this press release contains
forward-looking statements. Such statements are subject to a number
of risks and uncertainties that could cause the statements made to
be incorrect. Those risks and uncertainties include 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.
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