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TheStreet Open House

MTR Gaming Group To Manage New Wyndham Hotel Group Property At Presque Isle Downs & Casino

Stocks in this article: MNTG

MTR Gaming Group, Inc. (NasdaqGS: MNTG) announced today that it has entered into an agreement with BT Management LLC to manage and operate a new Baymont Inn and Suites adjacent to its Presque Isle Downs & Casino property in Erie, Pennsylvania. BT Management LLC, which has a franchise agreement with Wyndham Hotel Group, will build the hotel.

The new Baymont Inn and Suites hotel will have approximately 100 rooms and suites, and is scheduled to break ground in June 2012 for an expected opening in spring 2013.

"We are excited to be working with Wyndham Hotel Group, the world’s largest hotel company," said Jeffrey J. Dahl, President and Chief Executive Officer of MTR Gaming Group, Inc. "We believe the new Baymont Inn and Suites will only enhance the Presque Isle Downs & Casino experience for our customers as well as provide the potential to drive additional visitation to the Erie region, and we look forward to managing the property upon completion of its construction.”

“The agreement with MTR Gaming allows us to work with the already successful Presque Isle Downs & Casino, and positions the new Baymont Inn and Suites hotel for success,” said Lou Reda, Franchise Development Director for Wyndham Hotel Group.

Presque Isle Downs & Casino features slots, table games, live poker, entertainment and horse racing. The casino features the latest technology and amenities designed for guest comfort and expectations. The property also has four restaurants, including the award-winning Sensory 3 and the Downs Clubhouse and Lounge, which has more than 200 flat-screen TVs and a spectacular seating section for live horse race viewing.

About MTR Gaming Group

MTR Gaming Group, Inc. is a hospitality and gaming company that through subsidiaries owns and operates Mountaineer Casino, Racetrack & Resort in Chester, West Virginia; Presque Isle Downs & Casino in Erie, Pennsylvania; and Scioto Downs Casino & Racetrack in Columbus, Ohio. For more information, please visit www.mtrgaming.com.

About Wyndham Hotel Group

Wyndham Hotel Group, part of the Wyndham Worldwide (NYSE: WYN) family of companies, is the world’s largest hotel company with 7,205 hotels and approximately 613,100 rooms in 66 countries under the hotel brands: Wyndham Hotels and Resorts®, Ramada®, Days Inn®, Super 8®, Wingate by Wyndham®, Baymont Inn & Suites®, Microtel Inn & Suites®, Hawthorn Suites® by Wyndham, TRYP by Wyndham™, Howard Johnson®, Travelodge® and Knights Inn®. In addition, the company has license agreements to franchise the Planet Hollywood Hotels, Dream® and Night® brands and provide management services globally.

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