Who is MTR Gaming Group?
MTR Gaming Group is a gaming (as in gambling) company that operates a handful of casino resort properties that cater to niche markets. MTR is one of the smallest publicly traded companies in the gaming industry, but it is also one of the most attractively priced. In addition, MTR Gaming was recently named #7 on the list of Forbes’ “200 Best Small Companies in America,” and it made it on that list for good reason. The company’s largest asset is its Mountaineer resort in northwestern West Virginia. Located 35 miles southeast of Pittsburgh, Mountaineer has horse racing, pari-mutuel betting on this racing, casino-style gaming with video lottery machines (not much different than run-of-the-mill slot machines), lodging, restaurants, a spa, and a golf course. The Moutaineer property broke out of its mold as just a horse racing facility when West Virginia approved video lottery machines at existing racetracks in the mid-90s, largely thanks to the lobbying done by MTR’s management. Revenue from
