Exhibit 10.8
FIRST AMENDMENT TO EMPLOYMENT
AGREEMENT
This FIRST AMENDMENT TO EMPLOYMENT
AGREEMENT (this “Amendment”), dated as of the 28th day
of August, 2008, by and between MTR Gaming Group, Inc., a
Delaware corporation having its principal office at State Route 2
South, Chester, West Virginia 26034, together with all of its
subsidiaries whether now existing or hereafter formed or acquired
(collectively, the “Company”), and Edson R. Arneault,
One Riverside Drive, New Cumberland, West Virginia (the
“Executive”).
WHEREAS, the Executive is employed
by the Company in the capacity of President and Chief Executive
Officer pursuant to an Employment Agreement between the Company and
the Executive dated October 18, 2006 (the “Employment
Agreement”); and
WHEREAS, the Employment Agreement
provides that the Executive shall have the non-transferable
right, exercisable until September 1, 2008, to purchase the
house and real property located at One Riverside Drive, New
Cumberland, West Virginia, and/or certain sur