MTR Gaming Group, Inc. (MNTG) news stock charts
MTR Gaming Group, Inc. (MNTG) Investment Summary:
This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding our strategies, objectives and plans for future development or acquisitions of properties or operations, as well as expectations, future operating results and other information that is not historical information. When used in this document, the terms or phrases such as "anticipates," "believes," "projects," "plans," "intends," "estimates," "expects," "could," "would," "will likely continue," and variations of such words or similar expressions are intended to identify forward-looking statements. Although our expectations, beliefs and projections are expressed in good faith and with what we believe is a reasonable basis, there can be no assurance that these expectations, beliefs and projections will be realized. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f04%2f03%2f0001047469-08-004062.html#FIS_BUSINESS"www.mtrgaming.com
Founded in 1988
MTR GAMING GROUP INC (MNTG:NASDAQ)
LAST $1.86 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of MTR GAMING GROUP INC (MNTG)
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OPEN
$2.08
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PREVIOUS CLOSE
$2.05
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DAY HIGH
$2.08
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DAY LOW
$1.78
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52 WEEK HIGH
07/13/09 - $4.15
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52 WEEK LOW
03/24/09 - $0.83
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MARKET CAP
51.1M
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AVERAGE VOLUME 10 D
68.1K
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EPS TTM
$-0.80
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SHARES OUTSTANDING
27.5M
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MNTG Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
related news
MTR Gaming gets new $20 million credit agreement
AP Digital - 03/19/2010 1:31 PM ET
Key developments for MTR GAMING GROUP INC (MNTG)
MTR Gaming Group Enters into $20 Million Credit Agreement
03/18/2010
MTR Gaming Group, Inc. announced that it has entered into a new credit agreement with Aladdin Credit Advisors, L.P., as administrative agent. The new credit agreement provides for a $20 million senior secured delayed-draw term loan credit facility, $10 million of which the Company has drawn. The purpose of the credit facility is to finance ongoing working capital and general corporate needs of the Company and its subsidiaries, and capital expenditures, including the development of Presque Isle Downs for table gaming operations in Erie, Pennsylvania.
MTR Gaming Group, Inc. Appoints Robert Griffin to Board of Directors
03/15/2010
MTR Gaming Group, Inc. announced that at the company's recent Board of Directors meeting, President and Chief Executive Officer Robert Griffin was appointed to the Board as a director. Mr. Griffin has been President and Chief Executive Officer of the company since November 2008 and has more than 25 years of gaming industry experience. Prior to joining MTR, he served as the Senior Vice President of Operations of Isle of Capri Casinos, Inc. from 2004-2008. Mr. Griffin also served as Vice President/General Manager at several of ICCI's properties from 1999-2003.
MTR Gaming Group, Inc. expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on March 13, 2010).
03/13/2010
MTR Gaming Group, Inc. expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on March 13, 2010).
MTR Gaming Group, Inc. financial resources
MNTG Competitors
| Company | Last | Change |
| Dover Downs Gaming & Entertainment Inc | $3.95 USD | +0.18 |
| Empire Resorts Inc | $1.81 USD | -0.02 |
| Multimedia Games Inc | $4.33 USD | -0.01 |
| Riviera Holdings Corp | $0.35 USD | -0.035 |
| Youbet.com Inc | $2.92 USD | -0.01 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | MNTG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | 7.6x |
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| TEV/Sales | NM | Not Meaningful |
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MNTG |
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MNTG transactions
| Type Date |
Target |
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Bankruptcy
November 2, 2009 |
Brookshire Enterprises LLC |
More Recent Financial News About MTR Gaming Group, Inc.
MTR Gaming gets new $20 million credit agreement
2010-03-22 08:02:43
Quote: (AP) -- MTR Gaming has entered into a new credit agreement worth $20 million, half of which it drew Friday.The company said the agreement for the senior secured, delayed-draw term loan credit facility is with Aladdin Credit Advisors LP as administrative agent.The West Virginia-based gambling company said the purpose of the money is to pay for ongoing expenses and new developments like gaming operations at Presque Isle Downs in Erie, Pa.Companies that run casinos and horse racing tracks have been...Read article
MTR GAMING GROUP INC Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Bala
2010-03-22 08:02:42
Quote: Item 2.03.Creation of Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant.
On March 18, 2010, MTR Gaming Group, Inc. (the "Registrant") issued a press
release announcing that the Registrant, Mountaineer Park, Inc., Presque Isle
Downs, Inc. and Scioto Downs, Inc. (each a wholly-owned subsidiary of the
Registrant), the lenders party thereto and Aladdin Credit Advisors, L.P., as
administrative agent, entered into a Credit Agreement (the &...Read article
MTR Gaming Group Announces Fourth Quarter and Full Year 2009 Results
2010-03-17 05:00:09
Quote: The property generated Adjusted EBITDAof $7.3 million versus $6.6 million in the comparable quarter of 2008.The increase in Adjusted EBITDA is attributable to increased slotsrevenue and certain operational efficiencies.“We believe our properties are holding up well in the face of increasedcompetition,†said Robert Griffin, President and Chief Executive Officerof MTR Gaming Group. “Mountaineer continues to perform well despite therevenue impact from competition. With the additio...Read article
MTR Gaming Group Announces Appointment of President and Chief Executive Officer Robert Griffin to Board of Directors
2010-03-17 05:00:07
Quote: MNTGNews) announced today that at theCompany’s recent Board of Directors meeting, President and ChiefExecutive Officer Robert Griffin was appointed to the Board as adirector.“We are very pleased that Bob has now become a member of the Board,â€said Steven Billick, Chairman of MTR Gaming. “He has performed admirablysince joining the Company in 2008, helping to steer the Company’sfinancial performance in the right direction in the face of a very weakeconomy. Bobâ€...Read article
MTR GAMING GROUP INC Files SEC form 10-K, Annual Report
2010-03-17 05:00:06
Quote: In 1996, we
were renamed MTR Gaming Group, Inc and since 1998, we have operated only in the
racing, gaming and entertainment businesses.
We own and operate Mountaineer Casino, Racetrack & Resort in Chester, West
Virginia; Presque Isle Downs & Casino in Erie, Pennsylvania; and Scioto Downs in
Columbus, Ohio. We consider these three properties, which are located in
contiguous states, to be our core assets. Scioto Downs, through its subsidiary
RacelineBet, Inc., also operates Racelinebet.co...Read article
MTR Gaming CEO Griffin adds director to job titles
2010-03-17 05:00:06
Quote: (AP) -- The president and chief executive of MTR Gaming Group Inc. is now a member of its board of directors.The West Virginia-based gambling company announced CEO Robert Griffin's new title on Monday.The company said late Friday that Jeffrey Jacobs and Stanley Gorom had resigned.Steven Billick was elected to replace Jacobs and serve as chairman.Billick says Griffin has performed well since joining MTR in 2008, steering the financial performance in the right direction during a weak economy.Griff...Read article
MTR Gaming, Novavax: Early Volume Plays
2010-03-16 01:40:17
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Robert Holmes ,Winners & Losers
Quote: NEW YORK (TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Monday's session.MTR Gaming Group MNTG) shares were indicated sharply higher even after the racetrack and gaming company reported a fourth-quarter adjusted loss of 20 cents a share, which was a penny wider than the Thomson Reuters average estimate. Revenue fell 7% from a year ago to $93.8 million, which was also below consensus. Still, after closing at $1.87 Friday, shares surged nearly 50% ...Read article
Scioto Downs parent books loss on lobbying spending
2010-03-16 01:40:15
Quote: The owner of Scioto Downs race track found itself on different sides of two controversial gaming proposals in Ohio last year, sending its spending on lobbying into the millions of dollars and deepening the company’s red ink for 2009.MTR Gaming Group Inc. (NASDAQ:MNTG) told investors Monday it lost $24.2 million, or 88 cents a share, in the last three months of 2009. That compared with a loss of $4.5 million, or 17 cents a share, in the same period a year ago.The Chester, W.Va.-based compan...Read article
MTR Gaming Group Announces Appointment of President and Chief Executive Officer Robert Griffin to Board of Directors
2010-03-16 01:40:14
Quote: MNTGNews) announced today that at theCompany’s recent Board of Directors meeting, President and ChiefExecutive Officer Robert Griffin was appointed to the Board as adirector.“We are very pleased that Bob has now become a member of the Board,â€said Steven Billick, Chairman of MTR Gaming. “He has performed admirablysince joining the Company in 2008, helping to steer the Company’sfinancial performance in the right direction in the face of a very weakeconomy. Bobâ€...Read article
MTR Gaming CEO Griffin adds director to job titles
2010-03-16 01:40:13
Quote: (AP) -- The president and chief executive of MTR Gaming Group Inc. is now a member of its board of directors.The West Virginia-based gambling company announced CEO Robert Griffin's new title on Monday.The company said late Friday that Jeffrey Jacobs and Stanley Gorom had resigned.Steven Billick was elected to replace Jacobs and serve as chairman.Billick says Griffin has performed well since joining MTR in 2008, steering the financial performance in the right direction during a weak economy.Griff...Read article
MTR Gaming Group Announces Fourth Quarter and Full Year 2009 Results
2010-03-15 05:12:13
Quote: The property generated Adjusted EBITDAof $7.3 million versus $6.6 million in the comparable quarter of 2008.The increase in Adjusted EBITDA is attributable to increased slotsrevenue and certain operational efficiencies.“We believe our properties are holding up well in the face of increasedcompetition,†said Robert Griffin, President and Chief Executive Officerof MTR Gaming Group. “Mountaineer continues to perform well despite therevenue impact from competition. With the additio...Read article
Q4 2009 MTR Gaming Group Earnings Release - After Market Close
2010-03-15 05:12:13
Quote: Read article
MTR will pay Arneault $1.6M to end obligations
2010-03-05 03:43:13
Quote: (AP) -- MTR Gaming Group Inc. has ended its consulting arrangement and settled a lawsuit with former chief executive Ted Arneault (ahr KNOW').A Securities and Exchange Commission filing says Arneault gets $1.6 million.MTR says that ends its obligations to Arneault and resolves a lawsuit in Hancock County Circuit Court.That case claimed MTR reneged on plans to pay $150,000 in annual insurance premiums for Arneault until age 65.Arneault ended his 13-year run in 2008, winning the corporate residenc...Read article
MTR Gaming Group to Report Fourth Quarter 2009 Results on Friday, March 12
2010-03-04 04:48:37
Quote: Please call in 10 minutes before the call is scheduled tobegin and ask for the MTR Gaming call (conference ID # 345660).www.mtrgaming.com.To listen to the live webcast please go to the website at least 15minutes early to register, download and install any necessary audiosoftware. If you are unable to listen live, conference call will bearchived on the Investor Relations section of the Company’s website.About MTR Gaming Groupwww.mtrgaming.com.Except for historical information, this press r...Read article
MTR will pay Arneault $1.6M to end obligations
2010-03-04 04:48:36
Quote: (AP) -- MTR Gaming Group Inc. has ended its consulting arrangement and settled a lawsuit with former chief executive Ted Arneault (ahr KNOW').A Securities and Exchange Commission filing says Arneault gets $1.6 million.MTR says that ends its obligations to Arneault and resolves a lawsuit in Hancock County Circuit Court.That case claimed MTR reneged on plans to pay $150,000 in annual insurance premiums for Arneault until age 65.Arneault ended his 13-year run in 2008, winning the corporate residenc...Read article
MTR GAMING GROUP INC Files SEC form 8-K, Other Events
2010-03-03 08:13:34
Quote: Item 8.01.Other Events.
MTR Gaming Group, Inc. (the "Company"), Mountaineer Park, Inc., a West Virginia
corporation ("Mountaineer") and Jeffry P. Jacobs ("Jacobs" and together with
Mountaineer and the Company, the "MTR Defendants"), on one hand, and Edson R.
Arneault ("Arneault"), on the other hand, entered into a Settlement Agreement
and Release (the "Settlement Agreement"), effective as of March 1, 2010,
pursuant to which the Company...Read article
Ex-casino executive fights to stay in Pa. industry
2010-02-25 04:16:48
Quote: (AP) -- The man who helped bring a casino and racetrack to northwestern Pennsylvania is fighting to keep his license to participate in the state's gambling industry.Pennsylvania Gaming Control Board investigators are opposing Ted Arneault's application to renew his license and a public hearing on the matter is scheduled in March.Arneault headed MTR Gaming Group of West Virginia when it won a Pennsylvania casino license to build Presque Isle Downs & Casino near Erie. He left MTR in 2008.Howev...Read article
Ex-casino executive fights to stay in Pa. industry
2010-02-23 03:37:40
Quote: (AP) -- The man who helped bring a casino and racetrack to northwestern Pennsylvania is fighting to keep his license to participate in the state's gambling industry.Pennsylvania Gaming Control Board investigators are opposing Ted Arneault's application to renew his license and a public hearing on the matter is scheduled in March.Arneault headed MTR Gaming Group of West Virginia when it won a Pennsylvania casino license to build Presque Isle Downs & Casino near Erie. He left MTR in 2008.Howev...Read article
MTR Gaming Group to Report Fourth Quarter 2009 Results on Friday, March 12
2010-02-23 03:37:39
Quote: Please call in 10 minutes before the call is scheduled tobegin and ask for the MTR Gaming call (conference ID # 345660).www.mtrgaming.com.To listen to the live webcast please go to the website at least 15minutes early to register, download and install any necessary audiosoftware. If you are unable to listen live, conference call will bearchived on the Investor Relations section of the Company’s website.About MTR Gaming Groupwww.mtrgaming.com.Except for historical information, this press r...Read article
Binion's closing Las Vegas hotel; casino remains
2010-02-19 01:54:45
Quote: bought the property, kept the Horseshoe and World Series of Poker brands, and sold the casino-hotel to MTR Gaming Group Inc. of Chester, W.Va.MTR reopened it in April 2004 as Binion's Gambling Hall and Hotel.The World Series of Poker moved in 2005 to the Rio All-Suite Hotel & Casino near the Las Vegas Strip. The 2009 winner, Joe Cada, won $8.55 million for beating 6,493 opponents in a no-limit Texas Hold 'em tournament that cost $10,000 to enter.MTR Gaming sold the property to Las Vegas-base...Read article
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