FORM 4
[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person*Needham, Mary Jo (Last) (First) (Middle)State Route 2 SouthP.O. Box 358(Street)Chester, WV 26034 (City) (State) (Zip) 2. Issuer Name and Ticker or Trading SymbolMTR Gaming Group, Inc. MNTG3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 4. Statement for (Month/Year) ~~September~~February ~~20015~~20025. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer(Check all applicable) Director 10% Owner X Officer OtherOfficer/OtherDescription Chief Financial Officer7. Individual or Joint/Group Filing (Check Applicable Line) X Individual Filing Joint/Group Filing

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	3. Transaction Code and Voluntary Code (Instr. 8)Code \| V	4. Securities Acquired (A) or Disposed (D) Of (Instr. 3, 4, and 5) Amount \| A/D \| Price	5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)	6. Owner- ship Form: Direct(D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	0901/2123/~~2001~~2002	CS \|	2010,000 \| AD \| $216.0000		D
Common Stock	0901/2122/~~2001~~2002	CS \|	2011,~~000~~200 \| AD \| $215.~~1563~~7500		D
Common Stock	0901/2118/~~2001~~2002	CS \|	203,~~000~~800 \| AD \| $215.~~5000~~7500	6035,000	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

(over)
SEC 1474 (3-99)

Needham, Mary Jo - ~~September~~February ~~2001~~2002

Form 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conver- sion or Exercise Price of Deri- vative Security	3. Transaction Date (Month/ Day/ Year)	4. Transaction Code and Voluntary (V) Code (Instr.8)Code \| V	5. Number of Derivative Securities Acquired (A) or Disposed (D) Of (Instr. 3,4 and 5)	6. Date Exercisable(DE) and Expiration Date(ED) (Month/Day/Year) (DE) \| (ED)	7. Title and Amount of Underlying Securities (Instr. 3 and 4)	8. Price of Derivative Security (Instr.5)	9. Number of Derivative Securities Beneficially Owned at End of Month (Instr.4)	10.Owner-shipForm ofDeriv-ativeSecurity:Direct(D)orIndirect(I)	11. Nature of Indirect Beneficial Ownership (Instr.4)
1992 Employee Stock Option Plan	$2.0000	09/21/2001	C \|	(D) 20,000	02/24/1999 \| 02/23/2004	Common Stock - 20,000	$2.0000	0	D
1998 Employee Stock Option Plan	$2.1563	09/21/2001	C \|	(D) 20,000	01/27/1998 \| 01/26/2003	Common Stock - 20,000	$2.1563	0	D
2000 Stock Incentive Plan	$2.5000	09/21/2001	C \|	(D) 20,000	03/13/2000 \| 03/12/2010	Common Stock - 20,000	$2.5000	0	D
2001 Stock Incentive Plan	$7.3000				05/01/2001 \| 04/30/2011	Common Stock - 25,000		25,000	D

Explanation of Responses :

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number.

________________________________ __________________
** Signature of Reporting Person Date

Mary Jo Needham

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Filing Compare · NEEDHAM MARY JO