MTR Gaming Group, Inc. (NasdaqGS: MNTG) today announced that it has been
added to the U.S. broad-market Russell 3000® Index when
Russell Investments reconstituted its comprehensive set of U.S. and
global equity indexes after the equity markets closed on June 22.
Annual reconstitution of Russell’s U.S. indexes captures and ranks the
4,000 largest U.S. stocks as of the end of May by total market
capitalization. Membership in the Russell 3000, which remains in place
for one year, means automatic inclusion in the large-cap Russell 1000®
Index or small-cap Russell 2000® Index as well as the appropriate growth
and value style indexes. Russell determines membership for its equity
indexes primarily by objective, market capitalization rankings and style
attributes. The Russell 3000 also serves as the U.S. component to the
Russell Global Index, which Russell launched in 2007.
“We are very pleased to see that the extensive amount of work in
expanding and improving MTR Gaming over the past couple of years has
paid off in being added to this well-regarded benchmark index,” said
Jeffrey J. Dahl, President and Chief Executive Officer of MTR Gaming
Group, Inc. “Our inclusion in the Russell 3000 should enhance our
visibility and aid us in bringing our recent success story to a broader
range of the investment community.”
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. An industry-leading $3.9 trillion in
institutional assets currently are benchmarked to them. Russell
calculates more than 80,000 benchmarks daily covering approximately 98
percent of the investable market globally, 83 countries and more than
10,000 securities. These investment tools originated from Russell’s
multi-manager investment business in the early 1980s when the company
saw the need for a more objective, market-driven set of benchmarks in
order to evaluate outside investment managers.
Total returns data for the Russell 3000 and other Russell Indexes is
available at http://www.russell.com/indexes/data/US_Equity/Russell_US_Index_returns.asp.
About MTR Gaming Group
MTR Gaming Group, Inc. is a hospitality and gaming company that through
subsidiaries owns and operates Mountaineer Casino, Racetrack & Resort in
Chester, West Virginia; Presque Isle Downs & Casino in Erie,
Pennsylvania; and Scioto Downs in Columbus, Ohio. For more information,
please visit www.mtrgaming.com.
Russell Investments (Russell) is a global asset manager and one of only
a few firms that offers actively managed, multi-asset portfolios and
services that include advice, investments and implementation. Working
with institutional investors, financial advisors and individuals,
Russell’s core capabilities extend across capital markets insights,
manager research, Indexes, portfolio implementation and portfolio
Russell has approximately $155 billion in assets under management (as of
3/31/2012) and works with 2,400 institutional clients, more than 580
independent distribution partners and advisors, and individual investors
globally. Founded in 1936, Russell is a subsidiary of The Northwestern
Mutual Life Insurance Company.