Ted Arneault, president, CEO and chairman of the board of directors of MTR Gaming Group, Inc. In 1995 he became president and CEO of MTR's wholly-based subsidiary, Mountaineer Casino and Race Track, taking it from a $5.2 million operating loss to an operating profit of $34.9 million in 2000.
Prior to assuming the position, Arneault took the lead for the company as a member of the Board of Directors in working with the West Virginia Legislators who passed the Race Track Video Lottery Act of 1994 in the face of overwhelming odds.
Arneault earned his bachelor's degree in Business Administration from Bowling Green University, his master of art's degree from Wayne State University and his master's in Business Administration from Cleveland State University. From 1969 to 1972, Arneault served as an officer in the U.S. Air Force, serving in the Middle East, Africa and Asia. He served as vice president at a savings and loan holding company, as a tax consultant, and then formed and operated many proprietary companies, ranging from steel processing, land development, oil and gas exploration and retail jewelry. He initiated the "Mountaineer Futures Scholarship" program. He also brought the "Space Is Special" program to West Virginia, a program designed to build self-esteem and team-building skills in at-risk and special needs youth. He has been recognized for his leadership and vis ion by being selected the "Master Entrepeneur of the Year" for the State of West Virginia by Ernst & Young.