2009-11-17 19:39:03 -

MTR Gaming Group, Inc. (NasdaqGS: MNTG) (the “Company”) today announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission. MTR does not have any immediate plans or current commitments to sell securities under the registration statement. The shelf registration statement, when declared effective by the Securities and Exchange Commission, will provide MTR the flexibility to offer and sell from time to time in the future, in one or more public offerings, up to 18 million shares of the Company’s common stock. The specific terms of any future offering, including the prices and use of proceeds of any securities offered, will be determined at the time of any such offering, and will be

described in detail in a prospectus supplement filed at the time of any such offering.

The shelf registration statement has been filed with the Securities and Exchange Commission, but has not yet become effective. The securities described in the registration statement may not be sold, nor may offers to buy such securities be accepted, prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the laws of any such state or jurisdiction. An offering of the securities covered by the registration statement will be made only by means of a written prospectus and prospectus supplement.

Before you invest in MTR securities, you should read the prospectus in the registration statement, any applicable prospectus supplement and other documents MTR has filed with the Securities and Exchange Commission for more complete information about MTR and any offering. A copy of the prospectus included in the registration statement may be obtained at no charge at the Securities and Exchange Commission’s website at www.sec.gov : .

In addition, when available, copies of the prospectus and any prospectus supplement relating to a particular offering may be obtained by contacting MTR’s Chief Financial Officer at MTR Gaming Group, Inc., State Route 2 South, P.O. Box 356, Chester, WV 26034; phone number (724) 933-8122.


About MTR Gaming Group

MTR Gaming Group, Inc., through subsidiaries, owns and operates Mountaineer Casino, Racetrack & Resort in Chester, WV; Presque Isle Downs & Casino in Erie, PA; and Scioto Downs in Columbus, OH. For more information, please visit www.mtrgaming.com : .

This press release contains forward-looking statements concerning, among other things, a shelf registration of common stock. 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 Securities and Exchange Commission declaring the shelf registration effective, financial market risks, general economic conditions, legislative and regulatory matters, and other factors described in the Company’s periodic reports filed with the Securities and Exchange Commission. MTR 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.


MTR Gaming Group, Inc.David R. Hughes, 724-933-8122Corporate
Executive VP and Chief Financial Officer dhughes@mtrgaming.com : mailto:dhughes@mtrgaming.com www.mtrgaming.com :