Arbiter Partners buys 347,633 MTR Gaming shares

By Angela McDaniels

Tacoma, Wash., Jan. 29 - MTR Gaming Group Inc. investor Arbiter Partners, LP increased its ownership of the company's common stock to 7% with the purchase of 347,633 shares.

The shares were purchased for $1.55 to $1.9621 each between Dec. 5 and Jan. 28, according to a schedule 13D/A filing with the Securities and Exchange Commission.

The reporting person beneficially owns 1,922,126 shares of the Chester, W.Va.-based gaming company's outstanding stock.

The investor reported ownership of a 5.5% stake in March 2008.

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