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||More Details On Poker Pro Phil Ivey's Alleged Cheating While Playing Baccarat At The Borgata|
|2||Vicky Coren Mitchell Is The First Ever Two-Time European Poker Tour Main Event Winner|
|3||Nevada Removes Gambler From Casino 'Black Book'|
|4||Online Poker: Nikolaus Jedlicka Wins $916,000|
|5||Deutsche Bank Looking To Sell Las Vegas Casino|
|6||World Poker Tour Holds Championship Event This Year With Big Changes|
|7||Poker Hand of the Week: 4/17/14|
|8||Tiger Woods To Host Charity Poker Event|
|9||Eric Afriat Wins World Poker Tour Seminole Hard Rock Poker Showdown|
|10||Blair Hinkle Wins World Series of Poker Circuit Horseshoe Council Bluffs Main Event For Third Time|
|1||Atlantic City Casino Sues Phil Ivey For $9.6 Million, Says Poker Pro Cheated|
|2||More Details On Poker Pro Phil Ivey's Alleged Cheating While Playing Baccarat At The Borgata|
|3||Ed Miller: Four Bad Things Amateur Poker Players Say|
|4||Borgata To Pay Final 27 Impacted By Cheating Scandal In Poker Event $19,323 Apiece|
|5||Comedian George Wallace Awarded $1.3 Million In Case Against Las Vegas Casino|
|6||The Top Five Cities To Launch Your Poker Career: Part Two|
|7||'Technical Problems' Result In Massive $260,000 Overlay In Sunday Tournament On PokerStars|
|8||Phil Hellmuth Gives Poker Bracelet To NBA Owner|
|9||The Top Five Cities To Launch Your Poker Career: Part One|
|10||High-Stakes Online Poker: Viktor 'Isildur1' Blom Drops $1.4 Million This Week|