MTR Gaming Group Joins Russell 3000 Index
June 26 2012 - 8:00AM
Business Wire
MTR Gaming Group, Inc. (NasdaqGS: MNTG) today announced that it
has been added to the U.S. broad-market Russell 3000® Index when
Russell Investments reconstituted its comprehensive set of U.S. and
global equity indexes after the equity markets closed on June
22.
Annual reconstitution of Russell’s U.S. indexes captures and
ranks the 4,000 largest U.S. stocks as of the end of May by total
market capitalization. Membership in the Russell 3000, which
remains in place for one year, means automatic inclusion in the
large-cap Russell 1000® Index or small-cap Russell 2000® Index as
well as the appropriate growth and value style indexes. Russell
determines membership for its equity indexes primarily by
objective, market capitalization rankings and style attributes. The
Russell 3000 also serves as the U.S. component to the Russell
Global Index, which Russell launched in 2007.
“We are very pleased to see that the extensive amount of work in
expanding and improving MTR Gaming over the past couple of years
has paid off in being added to this well-regarded benchmark index,”
said Jeffrey J. Dahl, President and Chief Executive Officer of MTR
Gaming Group, Inc. “Our inclusion in the Russell 3000 should
enhance our visibility and aid us in bringing our recent success
story to a broader range of the investment community.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading $3.9
trillion in institutional assets currently are benchmarked to them.
Russell calculates more than 80,000 benchmarks daily covering
approximately 98 percent of the investable market globally, 83
countries and more than 10,000 securities. These investment
tools originated from Russell’s multi-manager investment business
in the early 1980s when the company saw the need for a more
objective, market-driven set of benchmarks in order to evaluate
outside investment managers.
Total returns data for the Russell 3000 and other Russell
Indexes is available at
http://www.russell.com/indexes/data/US_Equity/Russell_US_Index_returns.asp.
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.
About Russell
Russell Investments (Russell) is a global asset manager and one
of only a few firms that offers actively managed, multi-asset
portfolios and services that include advice, investments and
implementation. Working with institutional investors, financial
advisors and individuals, Russell’s core capabilities extend across
capital markets insights, manager research, Indexes, portfolio
implementation and portfolio construction.
Russell has approximately $155 billion in assets under
management (as of 3/31/2012) and works with 2,400 institutional
clients, more than 580 independent distribution partners and
advisors, and individual investors globally. Founded in 1936,
Russell is a subsidiary of The Northwestern Mutual Life Insurance
Company.
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