CHESTER, W.Va. (AP) â¿¿ MTR Gaming Group Inc. says it's repaid an $11.5 million in debt. The parent company of Mountaineer Casino, Racetrack & Resort in Chester said Friday it paid $10 million to Aladdin Credit Advisors, L.P. and $1.5 million to other creditors. Total outstanding debt is now just under $378 million. The Aladdin agreement allows MTR to borrow the money later, sets a new minimum on future loans and increases prepayment premiums. MTR could need money for an expansion if slot machines are approved for Ohio's racetracks. Last month, MTR posted a second-quarter loss of $517,000, blaming high unemployment, a weak economy and growing competition. MTR also owns and operates Presque Isle Downs & Casino in Erie, Pa., and Scioto Downs in Columbus, Ohio.
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