MTR Gaming Group, Inc. (MNTG) Maintains Hold Rating

Analyst Justin T. Sebastiano at Morgan Joseph has released an update on MTR Gaming Group, Inc. (NASDAQ: MNTG). The company reported its fourth-quarter results on Friday.

MTR Gaming Group reported a loss of $0.20 per share in its fourth-quarter, higher than Morgan Joseph’s estimate of a loss of $0.09 per share and consensus of a loss of $0.19 per share. The higher-than-expected loss was mainly due to combination of higher-than-estimated interest expense and smaller tax benefit.

Morgan Joseph has revised FY10 revenue estimate for MTR Gaming Group. It has lowered revenue estimate from $452 million to $445 million.

Morgan Joseph has maintained its Hold rating for MTR Gaming Group, Inc.