MTR and Eldorado Amend Merger Agreement

MTR Gaming Group

and Eldorado HoldCo LLC (“Eldorado”) announced today that they have amended the previously announced merger agreement (the “Merger Agreement”) between the two companies to deliver greater cash consideration to MTR stockholders and to increase the pro forma ownership of the combined company by MTR stockholders. MTR's Board of Directors has unanimously approved the amended Merger Agreement. Under the amended Merger Agreement: An additional $5.0 million of cash will be available to MTR stockholders at closing in connection with their optional cash elections, bringing the total cash consideration payable to MTR