MTR Gaming Group to Open Presque Isle Downs & Casino

CHESTER, West Virginia -- MTR Gaming Group announced that it will be opening Presque Isle Downs & Casino's Clubhouse, including 2,000 slot machines on February 28 at 9:00 a.m., following the company's
Presque Isle Downs & Casino's Clubhouse is now open for business.  receipt of the Pennsylvania Gaming Control Board's final approval to open the facility.

Situated on a 272-acre site, approximately 58.4 acres of which are dedicated to the public as open space, Presque Isle currently consists of a 140,000 square foot Clubhouse with 2,000 slot machines, fine and casual dining, bars, and approximately 3,225 parking spaces. The Company expects to open Presque Isle's state-of-the-art thoroughbred horse racing facility in September of this year, which will feature racing as well as concerts and nightly entertainment.

Edson R. "Ted" Arneault, President and CEO of MTR Gaming Group, stated, "We are thrilled to be opening Presque Isle Downs tomorrow. We have already seen a high level of interest in the facility, and expect it to generate significant revenues and profits and substantially diversify MTR's operations. Additionally, Presque Isle Downs will be an important driver of economic growth for the region. We currently employ 650 individuals, and will add more jobs when we open the track. We are very enthusiastic about Presque Isle's prospects and look forward to reporting on the property's future developments."

The Company has launched an advertising campaign in the Erie media market, as well as in other parts of Pennsylvania, Ohio, and New York. Additionally, MTR will be cross-marketing the facility with its Mountaineer Race Track & Gaming Resort in Chester, WV, which is approximately 150 miles from Presque Isle Downs.

For additional information on the facility, please visit www.presqueisledowns.com.