| Business Summary | | MTR
Gaming
Group,
Inc.,
through
wholly
owned
subsidiaries,
owns
and
operates
the
Mountaineer
Racetrack
&
Gaming
Resort
in
Chester,
West
Virginia,
the
Ramada
Inn
and
Speedway
Casino
in
North
Las
Vegas,
Nevada,
and
the
Ramada
Inn
in
Reno,
Nevada.
The
Mountaineer
complex
currently
encompasses
a
thoroughbred
racetrack,
including
off
track
betting
and
export
simulcasting,
1,905
video
lottery
terminals,
a
101-room
hotel,
golf
course,
a
spa
and
fitness
facility,
fine
dining
and
entertainment,
the
Speakeasy
Gaming
Saloon
and
The
Harv.
The
Ramada
Inn
and
Speedway
Casino
is
a
131-room
hotel
and
casino
property
located
in
North
Las
Vegas,
Nevada,
and
the
Ramada
Inn
is
a
262-room
hotel
and
casino
property
in
Reno,
Nevada. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MTR
Gaming
Group,
through
its
wholly
owned
subsidiaries,
owns
and
operates
hotel
and
gaming
properties
in
West
Virginia
and
Nevada.
For
the
six
months
ended
6/01,
revenues
increased
32%
to
$102.8
million.
Net
income
before
acctg.
change
rose
24%
to
$9.5
million.
Revenues
reflect
new
machines
and
amenities
at
Mountaineer
Park
and
higher
gaming
revenues
from
the
Nevada
properties.
Net
income
was
partially
offset
by
increased
marketing
and
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Edson Arneault, 54 Chairman,
Pres, CEO | $909K | $619K | Mary Needham, 45 CFO | -- | -- | Robert Blatt, 60 VP,
Director | 204K | 104K | Robert Ruben, 39 Assistant
Sec. and VP | -- | -- | Rose Williams, 44 Sec.
of Racing | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|