Document:

Exhibit 4.2

 

SUPPLEMENTAL
INDENTURE

 

THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as
of March 7, 2008 (the “Effective Date”), among MTR Gaming Group, Inc.,
a Delaware corporation (the “Issuer”), the guarantors executing this Supplemental
Indenture (the “Guarantors”) and Wells Fargo Bank, N.A., as trustee (the “Trustee”),
under the Indenture dated as of March 25, 2003, as supplemented on or prior
to the date hereof (as so supplemented, the “Indenture”). Capitalized terms
used herein and not otherwise defined shall have the respective meanings
ascribed to them in the Indenture.

 

WHEREAS, pursuant to the terms of Article Ten
of the Indenture, each Guarantor, by executing the Indenture, jointly and
severally, unconditionally guarantees the Issuer’s payment and performance
obligations under the Indenture;

 

WHEREAS, in accordance with Article Ten of
the Indenture, upon the sale or disposition of a Guarantor to a Person which is
not, and is not required to become, a Guarantor, which transaction is otherwise
in compliance with the Indenture, such Guarantor will be deemed released from
its obligations under its Guarantee of the Notes, subject to the requirements
of the Indenture;

 

WHEREAS, Section 9.1(d) of the
Indenture permits the Issuer, the Trustee and the Guarantors to supplement the
Indenture for the purpose of evidencing the release of any Guarantor under the
terms of the Indenture; and

 

NOW THEREFORE, in consideration of the
agreements and obligations set forth herein and for other good and valuable
consideration, the sufficiency of which is hereby acknowledged, the parties
hereto agree as follows:

 

Section 1.        Definitions. All capitalized
terms used in this Supplemental Indenture not defined herein shall have the
meanings ascribed to them in the Indenture.

 

Section 2.        Release of Guarantor. Speakeasy
Gaming of Fremont, Inc. is hereby released as a Guarantor and from all of
the obligations of a Guarantor under the Indenture, as amended and supplemented
on or prior to the date hereof.

 

Section 3.        Counterparts. This Supplemental
Indenture may be executed in any number of counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
document.

 

Section 4.        Governing Law. This Supplemental
Indenture shall be governed by and construed in accordance with the laws of the
State of New York, without regard to the principles of conflicts of laws.

 

 

IN WITNESS WHEREOF, the parties hereto have
caused this Supplemental Indenture to be duly executed all as of the date
hereof.

 

	
  ISSUER:

  	
   

  
	
   

  	
   

  
	
   

  	
  MTR
  GAMING GROUP, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edson
  R. Arneault

  
	
   

  	
   

  	
  Name:
  Edson R. Arneault

  
	
   

  	
   

  	
  Title:  President
  and CEO

  

 

GUARANTORS:

	
   

  	
   

  	
  MOUNTAINEER
  PARK, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson
  R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:   
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  PRESQUE
  ISLE DOWNS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson
  R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:   
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SPEAKEASY
  GAMING OF LAS VEGAS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson
  R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:  
   President

  

 

2

 

	
   

  	
   

  	
  SPEAKEASY
  GAMING OF RENO, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson
  R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:   
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MTR –
  HARNESS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson
  R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:   
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SCIOTO
  DOWNS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson
  R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:    President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SPEAKEASY
  GAMING OF FREMONT, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson
  R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:    President

  

 

3

 

	
   

  	
   

  	
  JACKSON
  RACING, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson
  R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name:
  Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:    President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  WELLS
  FARGO BANK, N.A., as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Joseph
  O’ Donnell

  	
   

  	
   

  
	
   

  	
  Name:
  Joseph O’ Donnell

  	
   

  	
   

  
	
   

  	
  Title:
  Vice President

  	
   

  	
   

  
					

 

4Exhibit 4.3

 

SUPPLEMENTAL
INDENTURE

 

THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as
of March 7, 2008 (the “Effective Date”), among MTR Gaming Group, Inc.,
a Delaware corporation (the “Issuer”), the guarantors executing this Supplemental
Indenture (the “Guarantors”) and Wells Fargo Bank, N.A., as trustee (the “Trustee”),
under the Indenture dated as of May 25, 2006, as supplemented on or prior
to the date hereof (as so supplemented, the “Indenture”). Capitalized terms
used herein and not otherwise defined shall have the respective meanings
ascribed to them in the Indenture.

 

WHEREAS, pursuant to the terms of Article Ten
of the Indenture, each Guarantor, by executing the Indenture, jointly and
severally, unconditionally guarantees the Issuer’s payment and performance
obligations under the Indenture;

 

WHEREAS, in accordance with Article Ten of
the Indenture, upon the sale or disposition of a Guarantor to a Person which is
not, and is not required to become, a Guarantor, which transaction is otherwise
in compliance with the Indenture, such Guarantor will be deemed released from
its obligations under its Guarantee of the Notes, subject to the requirements
of the Indenture;

 

WHEREAS, Section 9.1(d) of the
Indenture permits the Issuer, the Trustee and the Guarantors to supplement the
Indenture for the purpose of evidencing the release of any Guarantor under the
terms of the Indenture; and

 

NOW THEREFORE, in consideration of the
agreements and obligations set forth herein and for other good and valuable
consideration, the sufficiency of which is hereby acknowledged, the parties
hereto agree as follows:

 

Section 1.         Definitions. All capitalized
terms used in this Supplemental Indenture not defined herein shall have the
meanings ascribed to them in the Indenture.

 

Section 2.         Release of Guarantor. Speakeasy
Gaming of Fremont, Inc. is hereby released as a Guarantor and from all of
the obligations of a Guarantor under the Indenture, as amended and supplemented
on or prior to the date hereof.

 

Section 3.         Counterparts. This Supplemental
Indenture may be executed in any number of counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
document.

 

Section 4.         Governing Law. This Supplemental
Indenture shall be governed by and construed in accordance with the laws of the
State of New York, without regard to the principles of conflicts of laws.

 

 

IN WITNESS WHEREOF, the parties hereto have
caused this Supplemental Indenture to be duly executed all as of the date
hereof.

 

	
  ISSUER:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	 

	
   

  	
   

  	
  MTR
  GAMING GROUP, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Name: Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title: President and CEO

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  GUARANTORS:

  	
   

  	
   

  
	
   

  	
   

  	
  MOUNTAINEER
  PARK, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:  
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  PRESQUE
  ISLE DOWNS, INC.  

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:  
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SPEAKEASY
  GAMING OF LAS VEGAS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:  
  President

  
						

 

2

 

	
   

  	
   

  	
  SPEAKEASY
  GAMING OF RENO, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:    President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MTR –
  HARNESS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:   
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SCIOTO
  DOWNS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:   
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SPEAKEASY
  GAMING OF FREMONT, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:   
  President

  

 

3

 

	
   

  	
   

  	
  JACKSON
  RACING, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Edson R. Arneault

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Edson R. Arneault

  
	
   

  	
   

  	
   

  	
  Title:   
  President

  
	
   

  	
   

  	
   

  	
   

  
	
  WELLS
  FARGO BANK, N.A., as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Joseph O’ Donnell

  	
   

  	
   

  
	
   

  	
  Name:Joseph O’ Donnell

  	
   

  	
   

  
	
   

  	
  Title:  Vice
  President

  	
   

  	
   

  
					

 

4

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