Last $5.11 USD
Change Today -0.04 / -0.78%
Volume 113.7K
MNTG On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

mtr gaming group inc (MNTG) Snapshot

Open
$5.10
Previous Close
$5.15
Day High
$5.22
Day Low
$5.02
52 Week High
11/19/13 - $5.84
52 Week Low
04/18/13 - $3.00
Market Cap
143.8M
Average Volume 10 Days
25.8K
EPS TTM
$-0.22
Shares Outstanding
28.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MTR GAMING GROUP INC (MNTG)

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mtr gaming group inc (MNTG) Details

MTR Gaming Group, Inc., through its subsidiaries, operates in racing, gaming, and entertainment businesses. It owns and operates Mountaineer Casino, Racetrack & Resort, which is a gaming, entertainment, and convention complex in Chester, West Virginia that consists of approximately 2,099 slot machines, 39 casino table games, and 12 poker tables; 354 hotel rooms, including the 256-room Grande Hotel at Mountaineer; 12,090 square feet of convention space; a horse racing facility; on-site pari-mutuel wagering and racing simulcast facility; the Woodview golf course; a theater and events center; a fitness center; and a surface parking facility. The company also operates Presque Isle Downs & Casino, which comprises a gaming space housing approximately 1,720 slot machines, 37 casino table games, and a 9-table poker room; various dining options; a horse racing facility; on-site pari-mutuel wagering and racing simulcast facility; and a surface parking facility in Erie, Pennsylvania. In addition, it operates Scioto Downs gaming facility housing approximately 2,100 video lottery terminals; a range of dining options; a horse racing facility; on-site pari-mutuel wagering and racing simulcast facility; and a surface parking facility in Columbus, Ohio. Further, MTR Gaming Group, Inc. operates Racelinebet.com, a national account wagering service that offers online and telephone wagering on horse races. The company was formerly known as Secamur Corporation and changed its name to MTR Gaming Group, Inc. in 1996. MTR Gaming Group, Inc. was founded in 1988 and is based in Chester, West Virginia.

2,700 Employees
Last Reported Date: 03/14/14
Founded in 1988

mtr gaming group inc (MNTG) Top Compensated Officers

President and Chief Operating Officer
Total Annual Compensation: $420.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $398.1K
Advisor
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2012.

mtr gaming group inc (MNTG) Key Developments

MTR Gaming Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Capital Expenditure Guidance for the Year 2014

MTR Gaming Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the fourth quarter of 2013, the Company's total net revenues were $114.8 million, a decrease of 0.8% compared to $115.8 million in the same period of 2012. Adjusted EBITDA in the fourth quarter of 2013 was $21.0 million, a decrease of 1.0% from $21.2 million reported in the prior-year period. The company reported a net loss of $7.1 million for the fourth quarter of 2013, or $0.25 per basic and diluted share, compared to a net loss of $5.5 million, or $0.20 per basic and diluted share, in the same period of 2012. Excluding $1.6 million in costs associated with MTR Gaming's strategic initiatives, the net loss in the fourth quarter of 2013 would have been $5.5 million, or $0.19 per diluted share. Operating income was $11,494,000 against $13,350,000 a year ago. Loss from continuing operations before income taxes was $5,895,000 against $3,992,000 a year ago. Loss from continuing operations was $7,102,000 or $0.25 per basic and diluted share against $5,492,000 or $0.20 per basic and diluted share a year ago. Capital expenditures for the fourth quarter were $4.3 million consisting primarily of $3 million for Mountaineer, $1.1 million for Presque Isle Downs and approximately $200,000 for Scioto Downs. For the year ended December 31, 2013, MTR Gaming's total net revenues increased 2.2% to $497.8 million from $487.0 million in the prior year. Adjusted EBITDA from continuing operations increased 2.2% to $98.7 million from $96.5 million in the prior year. 2013 net loss was $9.1 million, or $0.32 per basic and diluted share, which included $4.4 million in strategic transaction costs and approximately $3.5 million of income tax expense primarily attributable to additional valuation allowances on deferred tax assets. In the prior year, the company reported a net loss of $5.7 million, or $0.20 per basic and diluted share. Operating income was $63,875,000 against $65,955,000 a year ago. Loss from continuing operations before income taxes was $5,664,000 against $1,870,000 a year ago. Loss from continuing operations was $9,131,000 or $0.32 per basic and diluted share against $5,447,000 or $0.19 per basic and diluted share a year ago. For the year 2014, the company expects to spend approximately $15 million for CapEx before any reimbursements by the state of West Virginia.

MTR Gaming Group, Inc., Q4 2013 Earnings Call, Mar 11, 2014

MTR Gaming Group, Inc., Q4 2013 Earnings Call, Mar 11, 2014

James V. Stanton Resigns from Board of MTR Gaming Group, Inc; Amends Bylaws

On February 28, 2014, James V. Stanton resigned from the board of directors of MTR Gaming Group, Inc. for personal reasons. In light of Mr. Stanton’s resignation, the pendency of the mergers with Eldorado HoldCo LLC, and only five members currently serving on the company’s board of directors, on March 3, 2014, Section 2 of Article III of the company’s bylaws was amended to reduce the number of directors from nine to five.

 

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MNTG

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Valuation MNTG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 24.9x
Price/Cash Flow 6.8x
TEV/Sales NM Not Meaningful
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