EXHIBIT 99.1


                              MTR GAMING GROUP CLOSES
                                    $8 MILLION
                        LINE OF CREDIT WITH PNC LEASING, LLC


     Chester, West Virginia, February 4, 2000: MTR Gaming Group, Inc.
(NASDAQ: MNTG) today announced that its operating subsidiary, Mountaineer
Park, Inc., has entered into a new three-year senior line of credit for the
principal amount of up to $8 million with PNC Leasing, LLC, a subsidiary of
PNC Bank, National Association. The proceeds are to be used to lease
equipment for the Company's video lottery operations at the Mountaineer
Racetrack and Gaming Resort in West Virginia. The Company has drawn $2.8
million under the line of credit in connection with the sale/leaseback of 400
video lottery machines previously purchased by Mountaineer. Mountaineer may
request additional draws until December 31, 2000, subject to PNC's discretion.

     The interest rate will be fixed at the time of each draw and is tied to
the prime rate plus a margin of 1%. The Master Lease and related leasing
documents evidencing the line of credit contain customary affirmative and
negative covenants, events of default and other ordinary leasing provisions.

     The indebtedness under the line of credit is secured by the equipment
leased with the proceeds of the line of credit and is guaranteed by the Company.
The financing has been approved by the West Virginia Lottery Commission and is
permitted by a carve-out for equipment financing in the Company's existing
financing arrangements with its senior secured lender, Wells Fargo Bank,
National Association. The discussion of the financing arrangements provided
herein is not intended to set forth all of the material terms, conditions and
covenants contained in the Master Lease and related documents, which are
attached as exhibits to the Company's report on Form 8-K filed in connection
with this transaction.

     Commenting on the new financing, MTR Gaming Group President and CEO,
Edson (Ted) Arneault, said, "We are pleased to have secured this facility,
which facilitates our efforts to improve and expand our West Virginia gaming
operations. Specifically, we plan to replace 100 of our older paper-out
machines with 100 new Spielo coin drop machines, which include a proprietary
game developed exclusively for Mountaineer. This change is subject to
regulatory approval that the Spielo machines are compatible with the
Lottery's central system and will bring our coin drop machine count to 500,
following the successful introduction of 400 coin drop machines in the fourth
quarter of 1999."

     MTR Gaming Group, Inc., a West Virginia-based corporation, through
subsidiaries, owns and operates the Mountaineer Racetrack & Gaming Resort in
Chester, West Virginia, the Ramada Inn and Speedway Casino in North Las Vegas,
and the Ramada Inn and Speakeasy Casino in Reno, Nevada. The Mountaineer
complex currently encompasses a thoroughbred racetrack, including off




track betting, approximately 1,350 video lottery terminals, a 101-room hotel,
golf course, fine dining and entertainment, and the Speakeasy Gaming Saloon.






EXCEPT FOR HISTORICAL INFORMATION, THIS PRESS RELEASE CONTAINS FORWARD-LOOKING
STATEMENTS CONCERNING, AMONG OTHER THINGS, THE AVAILABILITY OF, AND INTEREST
RATES APPLICABLE TO, FUTURE DRAWS ON THE LINE OF CREDIT. ANY SUCH STATEMENTS
RELATE TO THE COMPANY'S CURRENT PLANS AND EXPECTATIONS. ACTUAL RESULTS COULD
DIFFER MATERIALLY BASED UPON A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED
TO FLUCTUATIONS IN THE CREDIT MARKETS, CHANGES IN THE ECONOMY, THE COMPANY'S
FINANCIAL PERFORMANCE AND OTHER FACTORS DESCRIBED IN THE COMPANY'S PERIODIC
REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.



INVESTOR RELATIONS CONTACT:
Integrated Corporate Relations, Inc.
Christine DiSanto
(203) 222-9013