After just 15 months on the job, Jack Sours is out as general manager of Mountaineer Casino, Racetrack and Resort in West Virginia.
Two executives have resigned their positions at MTR Gaming Group, which owns and operates Mountaineer Casino, Racetrack & Resort in West Virginia and Presque Isle Downs in Pennsylvania.
MTR Gaming Group indicated Aug. 9 it could spend up to $100 million to construct a video lottery terminal casino at Scioto Downs south of Columbus, Ohio.
A gaming and racing company with interests in Ohio said it believes a 2009 governor's directive for racetracks to install video lottery terminals can move ahead.
MTR Gaming Group reported declines in revenue and earnings for 2009, but also saw improvement in these areas for the fourth quarter of the year.
An MTR Gaming Group official said Nov. 4 passage of a casino referendum in Ohio will create new competition but also offer opportunity for racetracks in the Buckeye State.
MTR Gaming Group, which cut jobs and corporate expenses in the past year, released improved financial results for the second quarter of 2009 and said it's poised for growth in Ohio, where racetrack video lottery terminals have been authorized.
MTR Gaming Group swung to a profit of $742,000 in the first quarter of the year, with officials vowing May 7 to continue to improve on current operations rather than seek other properties to add to the company's portfolio.
MTR Gaming Group on March 12 reported a $17.7 million loss for 2008, and took a shot at a new Ohio proposal to put slots in casinos.
- By Ryan Conley
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.
Robert F. Griffin has been announced as the successor to Ted Arneault as president and chief executive officer of MTR Gaming Group, the company announced Sept. 23.
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