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Company News
MTR Gaming Loses $6M in 4th Quarter, $50M in 2011
Tuesday, March 13, 2012
CHESTER, W.Va. – MTR Gaming Group Inc. reports a net loss of $6 million for the fourth quarter of 2011. For the year ended Dec. 31, the net loss was $50.4 million, or $1.81 per diluted share.
For the fourth quarter of 2011, the company’s total net revenues were $103.6 million, an increase of 9.3% compared to $94.8 million in the same period of 2010. Net revenue growth increased by 15.2% at Mountaineer Casino, Racetrack & Resort here.
Northern States Metals Names New President, CEO
Friday, March 09, 2012
YOUNGSTOWN, Ohio -- Tom Meola has been appointed president and CEO of Northern States Metals, a manufacturer of aluminum extrusions. Northern States also is the creator and manufacturer of the Solar FlexRack, a photovoltaic rack mounting product.
Extreme Need for Skilled Workers at Extreme Engineered Solutions
Thursday, March 08, 2012
HERMITAGE, Pa. -- “I can’t have enough people.” That’s the lament of Jerry Taafe, general manager of Extreme Engineered Solutions Inc., Hermitage, Pa.
What began 16 years ago with one lathe in a garage has grown into a multimillion-dollar company that has enjoyed 15% growth since 2010 and posts annual revenues of $14 million, Taafe says.
As manufacturing rebounds, so do orders at the 108,000-square-foot plant where it builds equipment from scratch for steel mills, aluminum extrusion plants, railroads and mining companies.
Avalon Inn Rebranded as Magnuson Hotel
Tuesday, March 06, 2012
WARREN, Ohio – The landmark Avalon Inn has been rebranded as the Magnuson Grand Hotel and Conference Center, with its local ownership – John Kouvas -- remaining but daily operations now managed by CWB Property Management of Dublin. The announcement was made Monday.
Enertech, RMK Solar Form Strategic Partnership
Monday, March 05, 2012
LOWELLVILLE, Ohio -- Enertech Electrical Inc. has formed a strategic partership with RMK Solar of Reading, Pa., to jointly design, engineer, develop and deliver solar photovoltaic, or PV, power systems in a geographical territory that covers Ohio, western Pennsylvania and northern West Virginia.
Enertech is an electrical services provider for commercial and industrial projects. The partnership was driven by customer demand and rising electricity rates, said Greg Haren, Enertech CEO.