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We also are subject to laws and regulations that create liability and cleanup responsibility for releases of regulated materials into the environment. Documents Incorporated by Reference. No employees are covered under collective bargaining agreements at Scioto Downs. In light of these and other risks, uncertainties and assumptions, the forward-looking events discussed in this report might not occur. The Rivers Casino, a stand-alone casino located in downtown Pittsburgh, approximately a one-hour drive from Mountaineer and a two-hour drive from Presque Isle Downs, currently operates over 2, slot machines and over casino table games, including 30 poker tables, as well as various food, beverage and entertainment venues. Environmental Matters. The Hollywood Casino Columbus, located in Columbus, Ohio, only 10 miles northwest of Scioto Downs, opened in October and currently operates approximately 2, slot machines, 70 casino table games and 30 poker tables, as well as various food, beverage and entertainment venues. Scioto Downs also competes, to a lesser extent, with casino gambling in Indiana and in Michigan. ThistleDown Racino, a racetrack located in Cleveland, Ohio, approximately 75 miles northwest of Mountaineer and approximately 90 southwest of Presque Isle Downs, commenced VLT operations in the spring of The renovation project added approximately 1, VLTs to the ThistleDown facility, in addition to upgrades to the racetrack's building and grounds.

Table of Contents. PART I. The West Virginia Lottery Commission authorizes up to 7, slot machines in these facilities throughout West Virginia.

Violations of laws in one jurisdiction could result in disciplinary action in other jurisdictions. There are approximately employees at Scioto Downs, which increases by approximately during live racing which is generally conducted from May through September.

With respect to casinos in Mountaineer casino win/loss statement Virginia, Western Pennsylvania and Northeast Ohio, we estimate Mountaineer's and Presque Isle Downs' market shares were as follows percentages calculated based upon slot revenues reported by state gaming and lottery agencies :.

In addition, casinos in Canada have likewise recently begun advertising and increasing promotional activities in our target markets. Mountaineer is one of only four racetracks in West Virginia currently permitted to operate slot machines and traditional casino table gaming.

These laws, rules and regulations generally relate to the responsibility, financial stability and character of the owners, managers and just click for source with financial interests in the gaming operations.

No more than five slot machines are allowed in each establishment licensed to sell alcoholic beverages, and no more than ten slot machines are allowed in each licensed fraternal organization. Although the bars and fraternal organizations housing these machines lack poker and table gaming, as well as the amenities and ambiance of our Mountaineer facility, they do compete with Mountaineer, particularly for the local patronage.

The Company did not pay a consent fee to any registered holder of the Notes in connection with the Consent Solicitation. There are a number of risks and uncertainties that could cause our actual results to differ materially from those expressed in the forward-looking statements which are included elsewhere in this report.

CAFO regulations include permit requirements and water quality discharge standards. Upon the opening of our VLT facility in Junethe agreement was terminated, as mountaineer casino win/loss statement by the provisions of the contract, and accordingly Scioto Downs now offers year round simulcasting.

While there are three other tracks and one resort in West Virginia that offer slot machine and table gaming, only one, Wheeling Island Casino, lies within Mountaineer's primary market, located approximately 40 miles south of Mountaineer casino win/loss statement in Wheeling, West Virginia.

Exact name of registrant as specified in its charter. In Marchthe Ohio General Assembly passed legislation which effectively bans the Internet cafes by defining use of the computers in these facilities as illegal gambling.

During the year ended Decemberbased upon the play of members of our frequent players program, approximately Thesquare foot facility consists of:. Mountaineer is located on the Ohio River at the northern tip of West Virginia's northwestern panhandle, approximately thirty miles from the Pittsburgh International Airport and a one-hour drive from downtown Pittsburgh.

In addition, in Marchwe amended our senior secured revolving credit facility the "Credit Facility" to modify the terms of the agreement and received a waiver of the Change in Control default provisions in anticipation of the Mergers with Eldorado.

West Virginia law permits limited video lottery machines "LVLs" in local bars and fraternal organizations. Mountaineer also competes for wagering dollars with off-track wagering facilities in Ohio and Pennsylvania, and competes with other racetracks for participation by quality racehorses.

The gaming and racing industries are highly regulated, and we must maintain our licenses and pay gaming taxes to continue our operations. Additionally, the owner of a facility may be subject to claims by third parties based on damages and costs resulting from environmental contamination at or emanating from third party sites when the owner sent wastes for disposal or mountaineer casino win/loss statement.

Mountaineer's primary competition and to a lesser extent, Presque Isle Downs include certain gaming operations in Pennsylvania.

Such laws and regulations could change or could be interpreted differently in the future, or new laws and regulations could be enacted. At the request of Eldorado, the Company conducted a consent solicitation with respect to obtaining certain amendments and waivers of the indenture underlying the Company's The number of consents received exceeded the number needed to approve the proposed amendments to the indenture, which will permit the formation of a new holding company without requiring the Company to effect a change of control offer under the Notes and indenture.

Likewise, if Endeka Entertainment obtains a gaming license and successfully opens a casino, it would represent new competition for Mountaineer and Presque Isle Downs.

Racing and Pari-mutuel Operations. The holders of the Company's common stock and Eldorado membership interests prior to the Mergers will together own all of the outstanding shares of common stock of ERI following the transaction.

Discontinued Operations. All of our gaming operations also compete to a lesser extent with operations in other locations, including Native American lands, and with other forms of legalized gaming in the United States, including state-sponsored lotteries, on- and off-track wagering, high-stakes bingo, card parlors, and the emergence of Internet gaming, including proposals at the state and federal levels that would legalize various forms of internet gaming.

Northfield Park is approximately 70 miles northwest of Article source and approximately miles southwest of Presque Isle Downs.

In connection with our property acquisitions, we typically conduct environmental assessments of the target properties.

Wheeling Island Casino conducts pari-mutuel greyhound racing, simulcasting and casino gaming. Mountaineer, since its acquisition in , has become a diverse gaming, entertainment and convention complex with:. Each of our facilities is subject to extensive regulation under the laws, rules and regulations of the jurisdiction where it is located. As discussed above, the Beulah Park racetrack will be relocated to Austintown, Ohio. The Horseshoe Casino Cleveland, located in Cleveland, Ohio, approximately miles northwest of Mountaineer and approximately miles southwest of Presque Isle Downs, opened in May The Horseshoe Casino Cleveland currently operates approximately 1, slot machines, 89 casino table games and 30 poker tables. Compliance with these and other environmental laws can, in some circumstances, require significant capital expenditures. These establishments offer services including internet time and computer access, in addition to offering games such as poker and games that operate like slot machines. These laws and regulations, which are complex and subject to change, include United States Environmental Protection Agency and state laws and regulations that address the impacts of manure and wastewater generated by Concentrated Animal Feeding Operations "CAFO" on water quality, including, but not limited to, storm water discharges. For example, we may incur future costs under existing and new laws and regulations pertaining to storm water and wastewater management at our racetracks. Certain of these laws and regulations impose strict, and under certain circumstances joint and several liability on, a current or previous owner or operator of property for the costs of remediating regulated materials on or emanating from its property. Mountaineer has approximately 1, employees. Endeka Entertainment will need to obtain a casino license from the Pennsylvania Gaming Control Board and furnish its financing commitment in order to move forward with the casino project. ITEM 1. Moreover, violations can result in significant penalties and, in some instances, interruption or cessation of operations. Gaming operations in Ohio that have recently commenced or are expected to commence in the near future represent additional competition for Mountaineer, Presque Isle Downs and Scioto Downs. Such risks, uncertainties and other important factors include, but are not limited to:. Regulation and Licensing. Since commencing export simulcasting in August , Mountaineer competes with racetracks across the country to have its signal carried by off-track wagering parlors. Additionally, Mountaineer competes with smaller gaming operations conducted in local bars and fraternal organizations. Enforcement of CAFO regulations has been receiving increased governmental attention. We face substantial competition in each of the markets in which our facilities are located. Forward-looking statements include statements regarding our strategies, objectives and plans for future development or acquisitions of properties or operations, as well as expectations, future operating results and other information that is not historical information. With the addition of Ohio gaming in , our target market has expanded to include the Cleveland and Columbus markets. Scioto Downs had an agreement with Beulah Park racetrack in Columbus, Ohio that allowed for each facility's simulcasting to be operational only during its respective live race meets. The constructed racetrack facility will feature approximately VLTs, as well as food and beverage options and is expected to open in the second half of This facility will be approximately 40 miles northwest of Mountaineer and miles southwest of Presque Isle Downs. We consider these three properties, which are located in contiguous states, to be our core assets. Presque Isle Downs employs approximately people, which increases by approximately during live racing which is generally conducted from May through September. We satisfied the requirements of those past proceedings and recently achieved compliance with the final requirement of our applicable permit. Although our expectations, beliefs and projections are expressed in good faith and with what we believe is a reasonable basis, there can be no assurance that these expectations, beliefs and projections will be realized. Gaming Operations. Presque Isle Downs faces competition from other racetracks and off-track wagering facilities in Pennsylvania and Ohio as described in the preceding paragraph, as well as from casinos in Western New York. Both ThistleDown and Northfield Park conduct pari-mutuel horse racing, with video lottery gaming which commenced in Mountaineer and to a lesser extent, Presque Isle Downs would also compete for pari-mutuel wagering patrons with the relocation of a racetrack by Penn National Gaming to Austintown, Ohio, as discussed above, approximately 40 miles from Mountaineer and Valley View Downs in Lawrence County, Pennsylvania, approximately 45 miles from Mountaineer, if it is constructed and opened. Our businesses are subject to various federal, state and local laws and regulations in addition to gaming regulations. These laws and regulations include, but are not limited to, restrictions and conditions concerning alcoholic beverages, food service, smoking, environmental matters, employees and employment practices, currency transactions, taxation, zoning and building codes, and marketing and advertising. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Approximately 15 of Mountaineer's employees are represented by a union covering our pari-mutuel clerks and certain employees providing simulcast betting services. Financial Information. Efforts have been underway to enforce the closure of the internet cafes. Further, Scioto Downs faces competition from off-track wagering facilities in Ohio and Pennsylvania. The presence of, or failure to remediate properly, such materials may materially adversely affect the ability to sell or rent such property or to borrow funds using such property as collateral. See "Item 1A. Material changes, new laws or regulations, or material differences in interpretations by courts or governmental authorities could adversely affect our operating results. Scioto Downs. When used in this report, the terms or phrases such as "anticipates", "believes", "projects", "plans", "intends", "expects", "might", "may", "estimates", "could", "should", "would", "will likely continue", and variations of such words or similar expressions are intended to identify forward-looking statements. Water discharges from our racetrack operations at our Mountaineer facility were the subject of past enforcement actions by state regulators. That facility has approximately 2, slot machines, more than 30 table games, and a room hotel with resort amenities. We are subject to various federal, state and local environmental laws and regulations that govern activities that may have adverse environmental effects, such as discharges to air and water, as well as the management and disposal of solid, animal and hazardous wastes and exposure to hazardous materials. Wheeling Island Casino currently operates approximately 1, slot machines, 9 poker tables, and 24 casino table games. In , we were renamed MTR Gaming Group, Inc and since , we have operated only in the racing, gaming and entertainment businesses.