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Binion sale set to close

3 March 2008

CHESTER, West Virginia (PRESS RELEASE) -- MTR Gaming Group, Inc. (NasdaqGS:MNTG - News) today announced that it and TLC Casino Enterprises have agreed to close the sale of Binion's Gambling Hall & Hotel on or before March 7, 2008.

The previously agreed upon price of $32 million in cash was subject to certain adjustments, and, due to current market conditions, both parties have agreed to a $3 million working capital adjustment, which will remain in Binion's upon closing.

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