MTR Gaming Group Commences Cash Tender Offers and Consent Solicitations

MTR Gaming Group, Inc. MNTG today announced that it has commenced cash tender offers and consent solicitations for any and all of outstanding (i) 9% Senior Subordinated Notes due 2012 issued by the Company and (ii) 12.625% Senior Secured Notes due 2014 issued by the Company. As of the date of this press release, there is $125,000,000 in aggregate principal amount of the 2012 Notes outstanding and $260,000,000 in aggregate principal amount of the 2014 Notes outstanding. The Tender Offers are scheduled to expire at 11:59 p.m., New York City time, on August 3, 2011, unless extended or earlier terminated by the Company (the “Expiration Date”). Tendered Notes may be withdrawn at any time on or prior to 5:00 p.m., New York City time, on July 26, 2011, unless extended or earlier terminated by the Company (the “Consent Date”). Other than as required by applicable law, tendered Notes may not be withdrawn after the Consent Date. Holders tendering their Notes will be required to consent to certain proposed amendments to the indentures governing the 2012 Notes or 2014 Notes, as applicable.