A public changing of the guard at MTR Gaming Group Inc. was experienced Oct. 31 during a conference call with analysts and shareholders, as the company bid farewell to longtime chief Ted Arneault and welcomed his successor Robert Griffin.
In an April 7 conference call where an executive announced an end to a workers' strike at its signature racino, MTR Gaming Group also claimed its 2007 financial performance was a product of a four-year business plan to diversify and strengthen the company.
MTR Gaming Group said Jan. 16 its Mountaineer Casino, Racetrack & Resort reported about $3 million in revenue from table games and poker since the full ramp-up of table-game operations in late December.
MTR Gaming Group realized a 40% increase in net revenues for the second quarter, according to financials released Aug. 9, but recorded a net loss of $502,000 as the company battled slots competition from neighboring Pennsylvania.
By Tom LaMarra - Gaming in West Virginia and other states has kept racetracks open, put money in horsemen's pockets, and encouraged breed development. Whether it has done anything to spark long-term interest in and stability for horse racing is dubious at best.
Bright One, the talk of Churchill Downs after two impressive victories in maiden company and an overnight stakes, lived up to the hype Sunday afternoon when he toyed with nine foes in his graded-stakes debut and ran away with the $750,000 West Virginia Derby (gr. III) at Mountaineer Race Track & Gaming Resort.
Deputy Glitters, High Cotton, and Flashy Bull, the top three finishers, respectively, in the Ohio Derby (gr. II) at Thistledown, and the lightly raced but impressive Bright One are among the 59 nominees for the $750,000 West Virginia Derby (gr. III) at Mountaineer Race Track & Gaming Resort on Aug. 6.
Eclipse Award-winning jockey John Velazquez said he would be in favor of an amendment to the Interstate Horseracing Act of 1978 that would provide workers' compensation insurance for jockeys, exercise riders, trainers, and backstretch workers.
With two days before entries are drawn, a field of 10-12 seemed possible for Sunday's $750,000 West Virginia Derby (gr. III), one of nine stakes on an all-stakes program at Mountaineer Race Track and Gaming Resort that will rank as the richest day of racing in the history of the state.
The latest condition book at Mountaineer Race Track and Gaming Resort reflects a 20% reduction in purses primarily brought about by the shift of some video lottery terminal revenue to the state to fix its workers' compensation system.
The $600,000 West Virginia Derby (gr. III) was the major mid-season test for Sir Shackleton, and he passed it with flying colors with a resounding victory over six other foes in the 1 1/8-mile event for 3-year-olds at Mountaineer Race Track & Gaming Resort.
Edgewood Farm's Pollard's Vision, winner of the Illinois Derby (gr. II) in early April, heads a well-matched field of nine 3-year-olds entered for the Aug. 7 West Virginia Derby (gr. III) at Mountaineer Race Track and Gaming Resort.
A Valentine's Day fund-raiser for the family of jockey Michael Rowland, who died from injuries sustained in a Feb. 5 racing accident at Turfway Park, has drawn interest from around the country, and donated items continued to come in the morning of the event.
After a few years of contractual disputes, Mountaineer Race Track & Gaming Resort and the Mountaineer Horsemen's Benevolent and Protective Association have agreed on a three-year contract that calls for increases in live racing dates and a hike in the minimum claiming price at the West Virginia track.
Thoroughbred racing at Mountaineer Race Track & Gaming Resort is on hold until at least Jan. 19 while track officials try to reach a new five-year contract with the Mountaineer Horsemen's Benevolent and Protective Association. Meanwhile, the track has offered to keep its stable are open with certain conditions, but the HBPA has balked.
MTR Gaming Group Inc., which has been granted a state license to build a horse racing track in Pennsylvania, has plans to build a temporary slot machine parlor where customers can gamble during the two years it will take to build the track.
Displaying amazing grit and determination in only his second start back from a more than seven-month layoff, Baron George Von Ullman's Soto fought back after a stretch-long duel with Dynever to win the $600,000 West Virginia Derby at Mountaineer Race Track & Gaming Resort on Aug. 9.
Mountaineer Race Track & Gaming Resort, which was involved in a dispute with the Mountaineer Horsemen's Benevolent and Protective Association over a live racing and simulcast contract earlier this year, has announced an expanded live racing schedule for the remainder of 2003.
MTR Gaming Group, owner of Mountaineer Race Track and Gaming Resort in West Virginia, is pursuing the issuance of $130 million in senior notes through a private placement, business wires reported Feb. 26. The money for be used for several projects, including development of a track in Pennsylvania.
A judge has given Mountaineer Race Track & Gaming Resort and the Mountaineer Horsemen's Benevolent and Protective Association until Feb. 21 to defend their positions in a dispute over a contract and racing dates.
Live racing is scheduled to return Feb. 4 to Mountaineer Race Track & Gaming Resort if track and weather conditions permit, though track management and the Mountaineer Horsemen's Benevolent and Protective Association remain at odds over aspects of their contract.