On January 25, 2012, MTR Gaming Group, Inc. (the "Company") issued a press release announcing that its wholly-owned subsidiary, Scioto Downs, Inc., which operates Scioto Downs Racetrack in Columbus, Ohio, has received its Video Lottery Sales Agent License to install and operate video lottery terminals ("VLTs") at Scioto Downs and has submitted its initial $10 million license fee. The license is conditional and permits Scioto Downs to install and operate VLTs subject to compliance with all applicable statutes, regulations and provisions of Scioto Downs' Video Lottery License Application (the "Application") and verification of the Application by the Ohio Lottery Commission prior to Scioto Downs commencing video lottery sales.

The Company will continue its construction of a new gaming facility at Scioto Downs, which commenced in December 2011. The Company anticipates opening the new facility in the second quarter of 2012 with 2,125 VLTs, and is permitted to increase that number to as many as 2,500. When fully operational, the facility will also contain a 300-seat buffet, a 100-seat casual dining restaurant and an 82-seat bar/lounge, and will offer a variety of entertainment options.

A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

(d) Exhibits:

Exhibit No.                                 Description

   99.1        Press Release dated January 25, 2012, announcing that the Company
               received its Ohio gaming license.