The years before Arneault's arrival were pocked by the failings of a rudderless company. The company operated under several different names and it delved into several different markets, floundering financially and strategically until its path crossed with a former tax accountant named Edson "Ted" Arneault. MTR struggled mightily during its first decade in business, trying in vain for years to find a business model that worked. The company also has signed a definitive agreement to acquire a 90 percent stake in Jackson Trotting Association, which owns and operates Jackson Harness Raceway in Jackson, Michigan. MTR holds a 50 percent interest in North Metro Harness Initiative, LLC, which has a license to construct a harness racetrack 30 miles north of Minneapolis. MTR also owns Scioto Downs, a harness racing facility in Columbus, Ohio the Ramada Inn in Reno, Nevada the Speedway Casino and Binion's Gambling Hall & Hotel in Las Vegas and a license to build Presque Isle Downs, a thoroughbred racetrack in Erie, Pennsylvania. The Mountaineer property is a year-round thoroughbred racetrack with a 359-room hotel, golf course, theater and events center, convention center, and more than 3,000 slot machines. The company's flagship property is the Mountaineer Racetrack & Gaming Resort in Chester, West Virginia, 35 miles west of Pittsburgh. owns and operates thoroughbred and harness racetracks, casinos, and properties called "racinos," which are racetracks offering forms of gambling other than pari-mutuel wagering. NAIC: 711212 Race Tracks 551112 Offices of Other Holding Companies 721110 Hotels (Except Casino Hotels) and Motels Incorporated: 1988 as Secamur Corporation
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