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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date earliest event reported) FEBRUARY 1, 1999
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MTR GAMING GROUP, INC.
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(exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
33-22521 84-1103135
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(Commission File Number) (IRS Employer Identification Number)
STATE ROUTE 2 SOUTH, CHESTER, WEST VIRGINIA
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(Address of principal executive offices)
26034
(Zip Code)
Registrant's Telephone Number, Including Area Code: (304) 387-5712
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N/A
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(Former name or former address, if changed since last report)
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Item 4. Change in Registrant's Certifying Accountant.
(a)(1)(i) Effective February 1, 1999, Corbin & Wertz ("Corbin") was dismissed
from its engagement as independent accountants for MTR Gaming Group, Inc. (the
"Company").
(a)(1)(ii) Corbin's report for the past two years did not contain any adverse
opinion or disclaimer of opinion nor was it qualified or modified as to
uncertainty, audit scope or accounting principles.
(a)(1)(iii) The Company's decision to dismiss Corbin and engage BDO Seidman, LLP
("BDO") was approved by the Audit Committee of the Company's Board of Directors.
(a)(1)(iv) During the Company's two most recent fiscal years and any subsequent
interim period preceding Corbin's dismissal, there were no disagreements with
Corbin on any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedure, which disagreements if not resolved
to the satisfaction of Corbin would have caused it to make reference to the
subject matters of the disagreements in connection with its report.
(a)(1)(v) During the Company's two most recent fiscal years and any subsequent
interim period preceding this report, Corbin did not advise the Company with
respect to any of the matters described in paragraphs (a)(1)(v)(A) through (D)
of Item 304 of Regulation S-K.
(a)(2) The Company engaged BDO as the independent accountants of the Company as
approved by the Audit Committee of the Company's Board of Directors effective
February 1, 1999. Prior to the engagement of BDO there were no consultations by
the Company with BDO relating to disclosable disagreements with Corbin, how
accounting principles would be applied by BDO to a specific transaction, or the
type of opinion BDO might render. The Company has afforded BDO an opportunity to
furnish a letter to the Commission with its comments.
(a)(3) The Company has provided Corbin with a copy of the foregoing disclosures
and has requested in writing that Corbin furnish it with a letter addressed to
the SEC stating whether or not it agrees with such disclosures. A copy of such
letter will be filed as an exhibit to this report in accordance with Item 601 of
Regulation S-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) The letter of Corbin will be filed by Amendment as an exhibit to this report
in accordance with the provisions of Item 601 of Regulation S-K.
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
MTR GAMING GROUP, INC.
By: /S/ EDSON R. ARNEAULT
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Edson R. Arneault, President
Date: February 4, 1999
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