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EXHIBIT 10.11
Promissory Note
$132,721.88
Chester, West Virginia
July 5, 2000
On or before the 5th day of July, 2001, the undersigned promises to pay to
the order of MTR Gaming Group, Inc. the sum of $132,721.88 together with
interest at the prime rate (from time to time in effect) plus 1.0% per annum.
The maker, endorsers, sureties, guarantors and assignors of this note
severally waive demand, presentment of payment, protest and notice of protest,
and nonpayment, and agree and consent that the time for its payment may be
extended, or said note renewed from time to time and for any term or terms by
agreement between the holder and any of them without notice, and that after such
extension or extensions, renewal or renewals, the liabilities of all parties
shall remain as if no extension or renewal has been had. If this note is not
paid when due, and is given to an attorney for collection, or suit filed
thereon, the maker agrees to pay in addition to the unpaid principal and
interest, the costs of collection and reasonable attorney's fees.
/s/ Edson R. Arneault
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Edson R. Arneault
