International Business News - MNTG http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Ninety-three employees are out of work at Mountaineer Casino, Racetrack & Resort. President and CEO Bob Griffin announced the layoffs Friday. They will reduce the work force by 4 percent, for a new total of 2,076 workers. http://www.ibtimes.com/articles/20081121/wvas-mountaineer-casino-lays-off-93-to-cut-costs.htm Fri, 21 Nov 2008 13:03:45 EST Three people have been elected to MTR Gaming Group Inc.'s expanded board of directors. MTR expanded the board from seven to nine members last week. On Tuesday, the company announced the election of Steven M. Billick, Raymond K. Lee and Stanley R. Gorom III to the board. http://www.ibtimes.com/articles/20081104/3-elected-to-expanded-mtr-gaming-board.htm Tue, 04 Nov 2008 14:48:07 EST MTR Gaming Group Inc. said Tuesday it named Jeffrey P. Jacobs as its new chairman and increased the size of its board from seven to nine members. The casino operator appointed Stanley R. Gorom III as a board member to replace former President and Chief Executive Edson R. Arneault, who resigned from his post last week. Gorom is a partner at law firm Hahn Loeser & Parks LLP. http://www.ibtimes.com/articles/20081104/mtr-gaming-names-jeffrey-jacobs-as-new-chairman.htm Tue, 04 Nov 2008 13:42:22 EST When Ted Arneault leaves MTR Gaming Group, it will be with the keys to the company castle--and up to $11.9 million in pocket change. The chief executive ending a 13-year run gets the corporate residence in New Cumberland, plus furniture and associated property, according to a Securities and Exchange Commission report filed Thursday. He also gets a $400,000 bonus and other compensation that's been held in a trust. http://www.ibtimes.com/articles/20081017/arneault-walks-out-winning-deal-may-be-worth-12m.htm Fri, 17 Oct 2008 10:11:19 EDT MTR Gaming Group Inc. says its new president and chief executive will assume control on Nov. 1, two months ahead of schedule. The company announced last month that Robert F. Griffin would replace Edson R. Arneault on Jan. 1. http://www.ibtimes.com/articles/20081016/mtr-gaming-says-griffin-to-start-as-ceo-on-nov-1.htm Thu, 16 Oct 2008 11:35:18 EDT MTR Gaming Group Inc. said Tuesday that President and Chief Executive Edson R. Arneault will step down from his posts and be succeeded by Robert F. Griffin, effective Jan. 2. http://www.ibtimes.com/articles/20080923/mtr-gaming-group-names-griffin-as-its-next-ceo.htm Tue, 23 Sep 2008 12:53:03 EDT Moody's Investor Service said Tuesday it may lower MTR Gaming Group Inc.'s credit rating because the casino operator is at risk of violating the terms of its lending agreement in the next few quarters. http://www.ibtimes.com/articles/20080826/moodys-may-cut-mtr-gaming-credit-rating.htm Tue, 26 Aug 2008 13:09:12 EDT Shares of MTR Gaming Group Inc. dropped sharply Monday after Standard & Poor's Ratings Services expressed concern that the casino operator may violate its financial covenants in the near future. http://www.ibtimes.com/articles/20080818/mtr-gaming-shares-drop-after-s-p-downgrade.htm Mon, 18 Aug 2008 20:14:17 EDT MTR Gaming Group's second-quarter loss widened despite an 11 percent revenue boost from adding table games and poker at its West Virginia thoroughbred track, the Chester-based gambling company said Wednesday. http://www.ibtimes.com/articles/20080730/mtr-gaming-reports-wider-loss.htm Wed, 30 Jul 2008 15:01:07 EDT Among the stock activity stories for Thursday, June 26, from AP Financial News: NEW YORK (AP)--Shares of Palm Inc. fell Thursday in the hours before it was slated to release its fiscal fourth-quarter results, which analysts expect will include a report of a quarterly loss. http://www.ibtimes.com/articles/20080626/movers-roundup-palm-mtr-gaming.htm Thu, 26 Jun 2008 14:38:44 EDT MTR Gaming Group Inc.'s shares fell Thursday after an analyst started coverage of the gaming company with a "Hold" rating and said he does not expect improvement in the next couple of quarters. http://www.ibtimes.com/articles/20080626/mtr-gaming-shares-fall-on-downbeat-analyst-outlook.htm Thu, 26 Jun 2008 12:05:34 EDT Moody's on Friday downgraded the credit ratings of gaming company MTR Gaming Group Inc., citing heightened competition and liquidity issues. The credit ratings service cut MTR's corporate family and probability of default ratings to "B2" from "B1." Both ratings are considered speculative grade. http://www.ibtimes.com/articles/20080613/moodys-downgrades-mtr-gaming-credit-ratings.htm Fri, 13 Jun 2008 08:17:55 EDT MTR Gaming Group shares got a lift Thursday after an analyst started the stock with a "Buy" rating, citing the casino company's renewed marketing focus and room for growth. http://www.ibtimes.com/articles/20080612/mtr-gaming-group-shares-jump-on-initiation.htm Thu, 12 Jun 2008 19:47:06 EDT MTR Gaming Group Inc. has completed the sale of its Speedway Casino in Nevada. Lucky Lucy D paid $2 million in cash. It will pay off a balance of up to $4.77 million under an earn-out formula based on gross revenues over a four-year period. http://www.ibtimes.com/articles/20080604/mtr-closes-sale-of-speedway-casino.htm Wed, 04 Jun 2008 12:49:32 EDT Among the earnings stories for Monday, May 12, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080512/earnings-roundup-xm-satellite-indymac.htm Mon, 12 May 2008 10:57:39 EDT Among the earnings projection stories for Monday, May 12, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080512/outlook-roundup-anntaylor-collective-brands.htm Mon, 12 May 2008 10:57:04 EDT MTR Gaming Group Inc. said Monday it swung to a first-quarter loss, weighed down by increased operating expenses. The gaming company reported a loss of $2.6 million, or 10 cents per share, compared with a profit of $559,000, or 2 cents per share, in the previous year. http://www.ibtimes.com/articles/20080512/mtr-gaming-swings-to-1q-loss-on-higher-expenses.htm Mon, 12 May 2008 09:26:51 EDT