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MTR Gaming Negotiates New Union Contract

CHESTER, West Virginia -- (Press Release) -- MTR Gaming Group, Inc. (Nasdaq National Market:MNTG) today announced that its wholly owned subsidiary, Mountaineer Park, Inc., extended its agreement with the union representing its pari-mutuel clerks to January 10, 2004, and is currently negotiating a new, five-year agreement.

The agreements between Mountaineer Park and the Horsemen's Benevolent and Protective Association ("HBPA") governing live racing and simulcasting expired on January 1, 2004, and Mountaineer Park is currently negotiating a new, five-year agreement with the HBPA. The next scheduled racing date at Mountaineer is January 19, 2004. Absent an agreement with the HBPA, Mountaineer will not conduct racing or pari-mutuel wagering.

The expiration of the agreement with the HBPA will not affect Mountaineer Park's ability to conduct slot machine operations unless the requisite agreements have not been reached by July 1, 2004, the renewal date for Mountaineer Park's video lottery license.

Edson R. (Ted) Arneault, President and CEO of MTR Gaming Group, commented, "We believe that we will execute new contracts with our pari-mutuel clerks by January 10, 2004 and with the HBPA by January 19, 2004. We look forward to announcing our progress."

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