Company Profile For MTR Gaming Group, Inc.

MTR Gaming Group, Inc. (MNTG.O) (Nasdaq)
sector: Cyclical Consumer Goods & Services · industry: Leisure & Recreation ·
As of  27 Nov 2009
1.55USD
Price Change
-0.05
Percent Change
-3.12%
 
 
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Overview

MTR Gaming Group, Inc. owns and operates racetrack, gaming and hotel properties in West Virginia, Pennsylvania and Ohio. The Company, through its wholly owned subsidiaries, owns and operates The Mountaineer Casino, Racetrack & Resort in Chester, West Virginia; Presque Isle Downs & Casino in Erie, Pennsylvania, and Scioto Downs in Columbus, Ohio. The Company also owns a 50% interest in North Metro Harness Initiative, LLC, which operates Running Aces Harness Park in Anoka County, Minnesota, and a 90% interest in Jackson Trotting Association, LLC. During the year ended December 31, 2008, the Company sold two properties located in Las Vegas, Nevada, Binion's Gambling Hall & Hotel and Ramada Inn and Speedway Casino, which it owned and operated through wholly owned subsidiaries. Also during 2008, it ceased the operations of racing and simulcast wagering at Jackson Harness Raceway that operated on land leased in Jackson, Michigan, for which a wholly owned subsidiary held a 90% interest.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, MTR Gaming Group, Inc.'s revenues decreased 5% to $350.3M. Net income from continuing operations decreased 10% to $311K. Revenues reflect a decrease in gaming revenue and lower income from food, beverage & lodging division. Net income was offset by decreased general & administrative expenses, lower depreciation expenses, a decrease in gaming operating expenses and higher interest income.

Company Address

MTR Gaming Group, Inc.
State Route 2 South
P.O. Box 358
Chester   WV   26034
P: +1304.3878558
F: +1304.3872167

Total Employees

2900

Find Out More About MNTG.O

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