MTR Gaming Group, Inc. (NasdaqGS: MNTG) (the “Company”) today announced that it is extending the consent time for its previously announced Tender Offers and Consent Solicitations (as defined below) from 5:00 p.m., New York City time, on Tuesday, July 26, 2011 to 5:00 p.m., New York City time, on Thursday, July 28, 2011 (the “Consent Date”). The Tender Offers are scheduled to expire at 11:59 p.m., New York City time, on August 3, 2011, unless extended or earlier terminated by the Company (the “Expiration Date”).

As previously announced, on July 7, 2011, the Company commenced cash tender offers and consent solicitations for any and all of outstanding (i) 9% Senior Subordinated Notes due 2012 (the “2012 Notes”) issued by the Company (the “2012 Notes Tender Offer and Consent Solicitation”) and (ii) 12.625% Senior Secured Notes due 2014 (the “2014 Notes,” and together with the 2012 Notes, the “Notes”) issued by the Company (the “2014 Notes Tender Offer and Consent Solicitation” and together with the 2014 Notes Tender Offer and Consent Solicitation, the “Tender Offers and Consent Solicitations”).

The Company’s obligation to accept for purchase, and to pay for, Notes and consents validly tendered and not validly withdrawn pursuant to the Tender Offers and Consent Solicitations is conditioned upon the satisfaction or waiver of certain conditions including: (i) a majority in aggregate outstanding principal amount of the 2012 Notes shall have been validly tendered (and not revoked) and consents with respect thereto shall have been validly delivered (and not withdrawn) pursuant to the 2012 Notes Tender Offer and Consent Solicitation, (ii) 66 2/3% in aggregate outstanding principal amount of the 2014 Notes shall have been validly tendered (and not revoked) and consents with respect thereto shall have been validly delivered (and not withdrawn) pursuant to the 2014 Notes Tender Offer and Consent Solicitation, and (iii) the Company shall have obtained gross proceeds from the proposed issuance of debt securities by the Company of not less than $500,000,000, on terms and conditions satisfactory to the Company. The terms of the Tender Offers and Consent Solicitations are described in the Company’s Offer to Purchase and Consent Solicitation Statement dated July 7, 2011 (the “Offer to Purchase”).

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