MTR Gaming Group Inc. is reporting a loss of $24.2 million for the fourth quarter of 2009, nearly six times more than the $4.5 million loss it reported for the same period in 2008.



The West Virginia-based gambling company said Friday the loss translates to 88 cents per share, compared with 17 cents per share the year before.

Chief Executive Officer Robert Griffin cited several factors, including a $5.7 million lobbying effort in Ohio, where voters last fall approved a Constitutional amendment allowing casinos in four cities.

MTR also settled a lawsuit with former President Ted Arneault for $1.6 million.

MTR operates Mountaineer Casino, Racetrack & Resort in Chester, Presque Isle Downs & Casino in Erie, Pa., and Scioto Downs in Columbus, Ohio.

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