MTR Gaming Group, Inc., Q4 2007 Earnings Call Transcript

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2008-05-02 07:52:09.0

Tags: MTR Gaming Group Inc.

Question-and-Answer Session

Operator

(Operator Instructions). We’ll pause for just a moment to compile the Q&A roster. Your first question comes from the line of Larry Klatzkin with Jeffries & Company.

Lawrence Klatzkin – Jeffries & Co.

Hey, guys. First question, Ted. In the 10K it says something about you changing your role with the company. Can you talk a little bit about that?

Edson R. Arneault

Well, that’s not really new. It’s really a contract that’s been out there for a couple of years. I think we’re really looking at that, Larry, right now to see what kind of changes, if any, would be best for the company. But it’s been, we’ve got, I think, a good team developed here and certainly I’m going to stay in the area. As it stands, I would do whatever we need to do. But I think we’re really in the initial stages of looking at an overall succession and corporate succession plan. It may take a year, it may take two or three years. But I think it was important as one of our risk standards to identify it. We’ll be all working on that over the next few months.

Lawrence Klatzkin – Jeffries & Co.

All right. Next question is, the cost of the strike. Do you have any kind of figure what it might affect the first quarter?

Edson R. Arneault

I don’t think it’s going to be much. We’re probably, our slots, it’s so hard to tell when you’re in a weather pattern like that. Unfortunately for the strikers and unfortunately for us we had some inclement weather while they were out there, so that always has a tendency to affect our slots. But honestly, our table games play was up. So I don’t think it’s going to have any material effect at all.

Lawrence Klatzkin – Jeffries & Co.

All right. And then Centaur Gaming, I know that’s a place that could take some business from you, but I have heard they have not yet been licensed. Any status on what’s going on there?

Edson R. Arneault

I think the last that I’d heard, probably anybody can hear, is that the chairman of the Gaming Control Board said that it wouldn’t be until the end of this year until they could even be considered. It’s a public comment, so anybody can look at it for review. But they have a racetrack licence, but they do not have a gaming licence at this point. So we’re just going to follow it just like everybody else.

 

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