MTR Gaming Group’s Newest Gaming Facility at Scioto Downs Racetrack in Columbus, Ohio Opens for Business This Friday
May 31 2012 - 3:21PM
Business Wire
MTR Gaming Group, Inc. (NasdaqGS: MNTG) announced today that the
new Scioto Downs, the latest addition to its gaming properties,
will open as scheduled this Friday, June 1.
The last two hurdles leading up to this Friday’s opening were
cleared yesterday when the Ohio Roundtable’s lawsuit against
allowing video lottery terminals (“VLTs”) at the state’s seven
racetracks was dismissed, and when Scioto Downs Inc. entered into
an agreement with the Ohio State Racing Commission to set aside 9%
of Scioto Downs’ VLT revenue for the benefit of the horsemen.
“We are pleased that our discussions with the Ohio horsemen
continue to progress and look forward to having them as thriving
partners,” said Jeffrey Dahl, President and Chief Executive Officer
of MTR Gaming Group, Inc. “Further, we are glad to have these
matters behind us and look forward to opening our new facility
tomorrow. We’ve added approximately 700 new jobs to the community,
and are keenly focused on delivering to metro Columbus an exciting
new gaming experience at Scioto Downs. This is truly an
extraordinary gaming facility, of which the entire MTR team is very
proud.”
In addition to opening the new gaming complex at Scioto Downs
this Friday, company officials and dignitaries will host a ribbon
cutting ceremony on June 19th at Scioto Downs to thank public
officials and to officially welcome guests to the new complex.
The new gaming addition to Scioto Downs will host approximately
2,125 VLTs and 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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