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Table games, poker boost Mountaineer results16 January 2008CHESTER, West Virginia -- (PRESS RELEASE) -- MTR Gaming Group, Inc. (NasdaqGS:MNTG s) today announced that, since full commencement of table games on December 20, 2007, table games and poker have generated approximately $3 million in revenues as of January 13th. The Company anticipates gross margins of between 17% and 20% for table games on a full year basis. For the first 13 days of January 2008, table games revenue amounted to $1.5 million, with a win per table per day of $2,572, and poker revenue amounted to $297,000, with a win per table per day of $617. Edson R. (Ted) Arneault, CEO of MTR Gaming Group, stated, "The attendance at Mountaineer since the opening of table games on December 20th has been exceptional and exceeded our best expectations. We are pleased with the trend in slot revenue since the full commencement of table games. With the energy and excitement generated by table games, we have attracted both table games and slot players, many of whom also generate ancillary revenues in our restaurants, hotel, stores, and other amenities Mountaineer offers." |