Struggling Illinois Casino Sold To Employees
Casino Queen Bought For $170 Million By Those Who Run It
A casino in Illinois is now in the hands of those who run it, the St. Louis Post-Dispatch reported.
Investors were reportedly looking to get away from the struggling Casino Queen and sold it off to its employees for $170 million through an employee stock ownership plan.
The Post-Dispatch reported that most employees will be able to participate.
“It allows employees to become beneficial owners in the company,” the casino’s general manager and president told the paper. “The more successful the company is, the more value employees have individually in their retirement accounts.”
The Casino Queen is located right next to the Missouri-Illinois border near St. Louis.
|1||Alex Jacob Wins Jeopardy ToC|
|2||Online Poker: Phil Ivey Drops $417,000|
|3||Gambling Grandmas Busted By Police In Florida|
|4||CPTV Classic VIdeo: Players VS. Larry Flynt|
|5||Jared Mahoney Wins 2015 WPT Montreal Main Event|
|6||Poker Strategy: Revamping Your Game|
|7||Poker Hand of the Week: What's Your Play?|
|8||Ditka's Son Gets Anger Management For Casino Altercation|
|9||Teen Sentenced For Cyber Attack On Gambling Site|
|10||Poker Strategy With Roy Cooke: Value And Risk|
|1||Joe McKeehen Wins 2015 WSOP Main Event|
|2||Alex Jacob Wins Jeopardy ToC|
|3||2015 WSOP November Nine Resume Play On Sunday|
|4||Watch Negreanu Bubble WSOP FT In Dramatic Fashion|
|5||Alleged WSOP Cheat To Be Paid Prize Money|
|6||McKeehen Still Leads WSOP Main Event Final Table|
|7||WSOP Releases Betting Lines For Final Table|
|8||WSOP Leader Wins Tourney Heading Into Nov. Nine|
|9||A Statistical Look at the WSOP Main Event Final Table|
|10||WSOP Final Table Reinvigorates Shot Clock Debate|