MTR Gaming Group Names New President / CEO

MNTG | Quote | Chart | News | PowerRating -- MTR Gaming Group announced that its Board of Directors has selected Robert F. Griffin as its next President and Chief Executive Officer.

Griffin brings to MTR more than twenty-five years of experience in the gaming industry, most recently as Senior Vice President of Operations - Corporate for Isle of Capri Casinos, where he was responsible for operations of sixteen casinos and racing facilities in the United States, Grand Bahamas and the United Kingdom. Griffin will assume his new duties on January 2, 2009 or such earlier date to which the parties may agree.

Robert Blatt, Chairman of MTR's Succession Committee, said, "Bob Griffin is an experienced, proven, bottom-line oriented gaming executive. We conducted a national search and met with many talented external and internal candidates and feel confident that Bob's track record in multiple jurisdictions makes him the best choice to lead our company as we conclude our development phase and continue to focus on operational efficiencies and debt reduction."

Edson R. (Ted) Arneault, MTR's current Chairman, President and CEO, said, "I think Bob's operational expertise is a great strategic fit with the current management team and will provide MTR with the best management team to maximize its unique position in its gaming markets."

Commenting on his appointment, Griffin said: "Ted and his staff have done an excellent job building a regional market gaming company, driving revenue growth and developing a strategic direction for the future. I thank the Board of Directors for their confidence and look forward to leading MTR Gaming Group as we optimize operational excellence, focus on service strategies and improve shareholder value."

MTR Gaming Group, through subsidiaries, owns and operates Mountaineer Casino, Racetrack & Resort in Chester, WV; Presque Isle Downs & Casino in Erie, PA; and Scioto Downs in Columbus, OH. The company also owns a 90 percent interest in Jackson Trotting Association, which operates Jackson Harness Raceway in Jackson, MI, and a 50 percent interest in the North Metro Harness Initiative, which operates Running Aces Harness Park in Minneapolis, MN.

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