Document:

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                                                                  Exhibit 10.6

                         SUMMARY OF TERMS AND CONDITIONS

DATE:             December 8, 1999

TERM SHEET
NUMBER:           JTC99024

LESSEE:           The Mountaineer Race Track & Gaming Resort

GUARANTORS:       MTR Gaming Group, Inc.

LESSOR:           PNC Leasing, LLC or its Designee ("LESSOR")

EQUIPMENT:        DESCRIPTION:  International Game Technology Slot Machines
                         (INDIVIDUALLY "ITEM OF EQUIPMENT" AND COLLECTIVELY
                         "EQUIPMENT")

                  EQUIPMENT COST:  Not Exceeding $8,000,000
                  THE EQUIPMENT COST FOR USED EQUIPMENT IS SUBJECT TO
                  VERIFICATION BY AN INDEPENDENT THIRD PARTY APPRAISER. PRIOR TO
                  THE LEASE COMMENCEMENT DATE FOR ANY ITEM OF EQUIPMENT, ANY
                  ADVANCES BY LESSOR TO PURCHASE SUCH EQUIPMENT SHALL BE MADE IN
                  LESSOR'S SOLE DISCRETION.

LEASE
STRUCTURE:        CONDITIONAL SALE:  This lease is a conditional sale
                  transaction; all tax benefits will remain with the Lessee.

                  NET LEASE: The lease will be a net financial lease, and all
                  expenses, including (but not limited to) insurance,
                  maintenance, and taxes, will be for the account of the
                  Lessee.

TERM:             LEASE COMMENCEMENT DATE:  Upon delivery and acceptance of
                  Equipment. (It is anticipated that there will be three
                  schedules: 12/99, 3/00, and 6/00.)

                  LEASE TERM:  Three (3) years.

                  INTERIM RENTAL TERM: The Interim Rental Term with respect to
                  the Equipment and any Item of Equipment will be equal to the
                  number of days from funding of the Equipment or Item of
                  Equipment to the Lease Commencement Date.

RENT:             RENT:  Lessee shall make thirty-six (36) payments, equal to
                  3.1780% of Equipment Cost, payable monthly in advance.
                  (MONTHLY RENTAL ($)=ABOVE RENTAL FACTOR X EQUIPMENT COST)

                  INTERIM RENT: Interim Rent shall be due monthly during the
                  Interim Rental Term at an interest rate equal to PNC Bank's
                  Prime Rate + 1%.

                  RENT IS BASED ON CURRENT MONEY MARKET CONDITIONS.  ANY CHANGE
                  IN THESE CONDITIONS WILL RESULT IN A CHANGE OF THE ABOVE
                  RENT.  RENT WILL BE FIXED AT LEASE COMMENCEMENT.

END OF
TERM OPTIONS:     PURCHASE PRICE:  At the expiration of the Lease Term, Lessee
                  will purchase all (but not less than all) the Equipment
                  for $1.00.

FEES:             DOCUMENTATION:  $300.00 per schedule.

                  INTERIM FUNDING DOCUMENTATION:  $150.00.

                  ORIGINATION:  1.5% per schedule.

<PAGE>

EXPENSES:         All costs and expenses incurred by the Lessor including
                  reasonable attorneys' fees, if any, shall be reimbursed by
                  the Lessee at closing and otherwise on demand.

REPORTING
REQUIREMENT:      Lessee shall provide Lessor with such financial information
                  as Lessor may request.

COVENANTS:        (a) Cross-default with existing PNC Bank covenants; (b) right
                  of survivorship of covenants if PNC Bank loan covenants are
                  released; and (c) other covenants as customary for lease
                  transactions of this type.

LEASE
DOCUMENTS:        Lease Documents in form and substance satisfactory to the
                  Lessor must be executed and delivered. The Lease Documents
                  will contain covenants relating to the Lessee's preparedness
                  to address on a timely basis the risk that certain computer
                  applications used by Lessee may by unable to recognize and
                  properly perform date-sensitive functions involving dates
                  prior to and after December 31, 1999 and will also contain a
                  disclaimer of any responsibility on Lessor's part for the year
                  2000 readiness of the Equipment. The Lessee's counsel shall
                  deliver an opinion to the Lessor at closing, satisfactory in
                  form and substance to the Lessor.

MISCELLANEOUS:    FUNDING EXPIRATION DATE:  Lessor's willingness to consider
                  funding Items of Equipment on the term described above will
                  expire on December 31, 2000.

                  PROPOSAL DEPOSIT: A Proposal Deposit in the amount of $10,000
                  is due and payable with the accepted copy of this Term Sheet.
                  Said deposit will be held without interest by Lessor and will
                  be applied to the rental payments due under the first
                  schedule, net of any fees and expenses incurred by the Lessor
                  which shall be for the account of the Lessee. In the event
                  Lessor provides a confirmation of the proposed transaction and
                  Lessee does not close the transaction for any reason, Lessor
                  will retain the Proposal Deposit.

                  PROPOSAL EXPIRATION DATE:  December 15, 1999.

THIS SUMMARY OF TERM AND CONDITIONS IS NOT A COMMITMENT OR AN OFFER TO LEASE AND
DOES NOT CREATE ANY OBLIGATION ON THE PART OF THE LESSOR. THIS OUTLINE IS ONLY A
BRIEF DESCRIPTION OF THE PRINCIPAL TERMS OF THE SUGGESTED LEASE FINANCING AND IS
INTENDED FOR DISCUSSION PURPOSES ONLY.<PAGE>

Exhibits

Exhibit 10.28
                                    AGREEMENT

         This Agreement is made as of December 1, 1999 between WESTAR FINANCIAL
SERVICES INCORPORATED , a Washington corporation (the "Company") and & CAPITAL,
PARTNERS, L.P. (the "Lender").

                                    RECITALS

         A.    The Company executed and delivered to Lender a promissory note
               in the principal amount of $500,000 dated January 26, 1998
               (the "Note").

         B.    The Note matured on March 26, 1998 and was extended.

         C.    The Parties are entering into this Agreement to extend the
               maturity date for payment of the Note.

                                    AGREEMENT

         NOW, THEREFORE, the parties agree as follows:

1. MATURITY DATE.  The maturity date of the Note is hereby extended to
March 10, 2000.

2. SUBORDINATION. The Bank One Security Interest shall be and remain at all
times a lien or charge on the Residual Interest, prior and superior to the lien
or charge of Lender under the Lender Security Agreement.

3. ACKNOWLEDGMENT OF SUBORDINATION. Lender acknowledges that it hereby
intentionally waives, relinquishes and subordinates the priority and superiority
of the lien or charge of the Lender Security Agreement in favor of the lien or
charge of the Bank One Security Interest upon the Residual Interest, and
understands that in reliance upon and in consideration of this waiver,
relinquishment and subordination, specific loans and advances are being and will
be made and specific monetary and other obligations are being and will be
entered into by third parties which would not be made or entered into but for
such reliance upon this waiver, relinquishment and subordination. Lender agrees
to execute such further documents as either Bank One or the Company may
reasonably request to reflect, implement or confirm such subordination.

4. ENTIRE AGREEMENT. This Agreement contains the whole agreement between the
parties hereto with respect to its subject matter, and supersedes all prior
agreements whether written or oral.

5. BINDING EFFECT. This Agreement shall enure to the benefit of and be binding
upon the legal representatives, heirs, successors and assigns of the parties.

6. CONTINUING EFFECT. Except as specifically modified or amended hereby, the
Note and the Lender Security Agreement shall continue in full force and effect
in accordance with their terms.

<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first written above.

                                  WESTAR FINANCIAL SERVICES INC.

                                  By:___________________________
                                  R.W. Christensen, Jr.
                                  Its President

                                  & CAPITAL, PARTNERS, L.P.

                                  By:___________________________
                                  David C. Soward
                                  Managing General Partner<PAGE>

Exhibit 10.29

                                    AGREEMENT

         This Agreement is made as of December 1, 1999 between WESTAR FINANCIAL
SERVICES INCORPORATED, a Washington corporation (the "Company") and & CAPITAL,
PARTNERS, L.P. (the "Lender").

                                    RECITALS

         A.       The Company executed and delivered to Lender a promissory note
                  in the principal amount of $500,000 dated January 26, 1998
                  (the "Note").

         B.       The Note matured on March 26, 1998 and was extended.

         C.       The Parties are entering into this Agreement to extend the
                  maturity date for payment of the Note.

                                    AGREEMENT

         NOW, THEREFORE, the parties agree as follows:

1.  MATURITY DATE. The maturity date of the Note is hereby extended to March
10, 2000.

2. SUBORDINATION. The Bank One Security Interest shall be and remain at all
times a lien or charge on the Residual Interest, prior and superior to the lien
or charge of Lender under the Lender Security Agreement.

3. ACKNOWLEDGMENT OF SUBORDINATION. Lender acknowledges that it hereby
intentionally waives, relinquishes and subordinates the priority and superiority
of the lien or charge of the Lender Security Agreement in favor of the lien or
charge of the Bank One Security Interest upon the Residual Interest, and
understands that in reliance upon and in consideration of this waiver,
relinquishment and subordination, specific loans and advances

<PAGE>

are being and will be made and specific monetary and other obligations are
being and will be entered into by third parties which would not be made or
entered into but for such reliance upon this waiver, relinquishment and
subordination. Lender agrees to execute such further documents as either Bank
One or the Company may reasonably request to reflect, implement or confirm
such subordination.

4. ENTIRE AGREEMENT. This Agreement contains the whole agreement between the
parties hereto with respect to its subject matter, and supersedes all prior
agreements whether written or oral.

5. BINDING EFFECT. This Agreement shall enure to the benefit of and be binding
upon the legal representatives, heirs, successors and assigns of the parties.

6. CONTINUING EFFECT. Except as specifically modified or amended hereby, the
Note and the Lender Security Agreement shall continue in full force and effect
in accordance with their terms.

         IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first written above.

                         WESTAR FINANCIAL SERVICES INC.

                         By:___________________________
                             R.W. Christensen, Jr.
                             Its President

                         & CAPITAL, PARTNERS, L.P.

                         By:___________________________
                            David C. Soward
                            Managing General Partner

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