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MTR hopes to raise $125 million with note sale

MTR Gaming Group Inc. said Tuesday it plans to sell $125 million in notes to pay down debt and cover the cost of a slot machine license in Pennsylvania.



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MTR Gaming Group Inc.'s profits plummeted in the fourth quarter as competition from video poker bars and rising gas prices kept customers away and health care costs consumed revenue.
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A Gaming Control Board member said that a television network's plan to hold a weekly poker tournament in downtown's Neonopolis could need a gaming license, a requirement that would kill the project.
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