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MTR Gaming Group, Inc. Message Board

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  • neverabogey neverabogey Jun 18, 2010 10:20 AM Flag

    Any idea where MNTG is headed.....

    it is perfect for Penn National

    for a $50 million dollar market cap

    they could buy it and close Scioto and keep Mountaineer and Presque Isle

    They would essentially own every gambler from Western PA over through Indiana

    they spent $50 million the Ohio campaign, it would be chump change to them

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    • Penn won't do it because in PA a gaming operator can only own 1 casino. Penn had to sell Pocono Downs a few years ago because of this restriction so they couldn't buy Presque Isle.

      • 1 Reply to coderdude1
      • They could also spin off that casino and control the board etc. I think with the positive words about penn during the cc, it wouldn't surprise me a bit. Penn would like to control this company and it makes sense they would buy it. I think Jacobs wants to buy it more, but that's just imo. If nothing happens it still a decent buy at these levels. The value is good enough there are lots of ways to make something work. Have a nice day.

 
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