MTR Gaming Group to Report Fourth Quarter 2011 Results on Thursday, March 8, 2012

MTR Gaming Group, Inc. (NasdaqGS: MNTG) today announced that it will issue its financial results for the fourth quarter ended December 31, 2011 on Thursday, March 8, 2012 after the stock market closes.

Management will conduct a conference call focusing on the financial results and recent corporate developments on that day at 4:30 p.m. EST. Interested parties may participate in the call by dialing [phone]. Please call in 10 minutes before the call is scheduled to begin and ask for the MTR Gaming call (conference ID #3987455).

The conference call will be webcast live via the Investor Relations section of the Company’s website at www.mtrgaming.com. To listen to the live webcast please go to the website at least 15 minutes early to register, download and install any necessary audio software. If you are unable to listen live, the conference call will be archived on the Investor Relations section of the Company’s website.

A replay of the call will be available two hours following the end of the call through midnight EDT on Thursday, March 15, 2012 at www.mtrgaming.com and by telephone at [phone]; passcode 3987455.

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.

Forward-Looking Statements

Except for historical information, this press release contains forward-looking statements. Such statements are subject to a number of risks and uncertainties that could cause the statements made to be incorrect. Those risks and uncertainties include, factors described in the Company’s periodic reports filed with the Securities and Exchange Commission. The Company does not intend to update publicly any forward-looking statements, except as may be required by law. The cautionary advice in this paragraph is permitted by the Private Securities Litigation Reform Act of 1995.