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 surrounding acreage acquired by the Company in
2004 and described on Schedule 4(j) of the Employment Agreement; and


 


WHEREAS, the
Executive and the Company desire to extend the date by which the Executive must
exercise his right to purchase the above-described house, real property and
surrounding acreage from September 1, 2008 to September 8, 2008.


 


Now,
therefore, the parties, in reliance upon the mutual promises and covenants
herein contained, do hereby agree as follows:


 


1.                                       Recitals.  The recitals as set forth above are hereby
incorporated herein by reference as though more fully set forth.


 


2.                                       Amendment
to Section 4(k) of the Employment Agreement.  Section 4(k) of the Agreement is
hereby amended by replacing each reference therein to “September 1, 2008”
with “September 8, 2008”.


 


3.                                       No
Further Modifications.  Except to the
extent expressly set forth herein, this Amendment does not modify the terms and
conditions of the Employment Agreement, and the terms and conditions of the Employment
Agreement (as expressly modified herein) shall remain in full force and effect.


 


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IN WITNESS
WHEREOF, the parties hereto have executed this Amendment as of the day and year
first above written.


 


	
   

  	
   

  	
  MTR GAMING GROUP, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Edson R. Arneault

  	
   

  	
    /s/ Donald
  J. Duffy

  
	
  Edson R. Arneault

  	
   

  	
  Donald J.
  Duffy,

  
	
   

  	
   

  	
  Chairman of the Compensation

  
	
   

  	
   

  	
  Committee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
    /s/ LC
  Greenwood

  
	
   

  	
   

  	
  LC Greenwood,

  
	
   

  	
   

  	
  Member of the Compensation

  
	
   

  	
   

  	
  Committee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
    /s/ Edson R.
  Arenault

  
	
   

  	
   

  	
  Edson R. Arenault

  
	
   

  	
   

  	
  President and Chief Executive

  
	
   

  	
   

  	
  Officer

  



 


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