MTR Gaming Group Announces Resignation of Jeffrey J. Dahl as President and Chief Executive Officer

MTR Gaming Group, Inc. (NasdaqGS: MNTG) announced today that Jeffrey J. Dahl has provided his notice of resignation from his position as President and Chief Executive Officer of MTR Gaming Group to pursue other business opportunities. While Mr. Dahl has agreed to remain with the Company in his current position as the Board conducts its interview process for a new CEO, his resignation as a member of the Board of Directors will be effective immediately.

“We want to thank Jeff for his service to MTR Gaming, including his valuable contribution to the construction and opening of our new Scioto Downs gaming facility in Columbus, Ohio,” said Steven M. Billick, Chairman of the Board of MTR Gaming Group, Inc. “We also appreciate Jeff staying on as CEO to assist in facilitating a smooth transition.”

“I’m proud of the progress and accomplishments we created at MTR Gaming during my tenure,” said Mr. Dahl. “The opening of our Scioto Downs gaming facility has put the Company on a successful path. We’ve put together a solid team during my time here and while I will miss everyone at MTR Gaming, I’m confident the Company will continue to prosper.”

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 concerning, among other things the prospects for improving the results of our operations at Mountaineer, Presque Isle Downs and Scioto Downs, including the successful operation of video lottery terminals at Scioto Downs. 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 impact of new competition for Mountaineer, Presque Isle Downs and Scioto Downs (including casino gaming and video lottery terminals in Ohio), the successful integration and operation of video lottery terminals at Scioto Downs, the effectiveness of our marketing programs, the enactment of future gaming legislation in the jurisdictions in which we operate, changes in, or failure to comply with, laws, regulations or the conditions of our gaming licenses, accounting standards or environmental laws, including adverse changes in the gaming tax rates that the Company currently pays in its various jurisdictions, general economic conditions, disruption (occasioned by weather conditions or work stoppages) of our operations, our ability to maintain or improve our operating margins, our continued suitability to hold and obtain renewals of our gaming and racing licenses, our ability to fulfill our obligations and comply with the covenants associated with our various debt instruments and/or our ability to obtain additional debt and/or equity financing, if and when needed, 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.

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