FIRST AMENDMENT TO EMPLOYMENT AGREEMENT DATED DECEMBER 15, 2010 BETWEEN MTR GAMING GROUP, INC., AND FRED BURO
Exhibit 10.2
FIRST AMENDMENT TO EMPLOYMENT AGREEMENT DATED
DECEMBER 15, 2010 BETWEEN MTR GAMING GROUP, INC., AND FRED BURO
WHEREAS, Presque Isle Downs, Inc. (the “Company”), a wholly owned subsidiary of MTR Gaming Group, Inc. (“MTR”), and Fred Buro (the “Executive”) (collectively the “Parties”), entered into an Employment Agreement (the “Agreement”) on or about December 15, 2010 securing the employment of Executive as President and General Manager of the Company;
WHEREAS, the Parties, in exchange for the consideration detailed below, the sufficiency of which is acknowledged, the Parties mutually desire to amend the Agreement as follows:
| Section 1, EMPLOYER: |
| Employer will now be the parent Company, MTR Gaming Group, Inc.; and |
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| Section 4, DUTIES: |
| Executive is being promoted/appointed to the position of Chief Marketing Officer and Vice President; and |
| Section 5, COMPENSATION & BENEFITS: |
| (a) Executive’s base salary is being raised to $290,000.00. |
WHEREAS, the Parties agree that other than the specific sections described above, all other Terms of the Agreement remain in force and are specifically incorporated by reference herein.
WHEREFORE, the Parties hereby affix their signature below, intending to be legally bound and specifically agreeing to the terms of this First Amendment this 2nd Day of December 2011.
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| /s/ Fred Buro |
| /s/ Jeffrey J. Dahl |
| FRED BURO |
| JEFFREY J. DAHL |
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| AS, PRESIDENT AND C.E.O. OF MTR GAMING GROUP, INC. |
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| Dated: 2 December, 2011 |
| Dated: 2 December, 2011 |
