CHESTER, W. Va.--(BUSINESS WIRE)-- MTR Gaming Group, Inc. (NasdaqGS: MNTG) is pleased to report that recent developments in the State of Ohio indicate that video lottery terminals (VLTs) at Ohio’s race tracks have taken a positive step forward. A Committee designated by the petitioners for the “Let Ohio Vote” Referendum Petition on VLT legislation has withdrawn its Referendum Petition from consideration in the November 2010 general election, or any subsequent election, according to a letter sent to the Honorable Jennifer Brunner, Ohio Secretary of State.

The letter to the Secretary of State highlighted a number of important changes to the legal landscape with respect to gaming in Ohio. The letter cited that the Governor has indicated he will soon be asking the courts to determine whether placing VLTs at Ohio horse racing tracks, which are under the oversight of the Ohio Racing Commission, is already authorized by the existing laws governing the Ohio lottery.

“We are pleased that the Referendum Petition has been withdrawn,” said Robert Griffin, President and Chief Executive Officer of MTR Gaming Group. “We believe the 2009 executive order approved by the Ohio legislature enabling video lottery terminals at the state’s race tracks can now move forward.”

About MTR Gaming Group

MTR Gaming Group, Inc., 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.

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.




Source: MTR Gaming Group, Inc.