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||Poker Pro Receives 8 Years For Debt Collection Scheme|
|2||Ryan Fee: Proper Bet Sizing When Raising First|
|3||Card Player Poker Giving Away Summer Tourney Packages|
|4||How To Identify Card Cheats In Casinos|
|5||DeepStack Extravaganza® III Guarantees Over $21 Million|
|6||Man Granted Parole Decades After Poker Game Killing|
|7||BetOnline's Bad Beat Jackpot Climbs Above $473,000|
|8||The Best Casino Games For Advantage Players|
|9||Poker Hand of the Week: Michael Mizrachi vs. Lee Markholt|
|10||Win Your ACR Sunday Special Buy-In For Free|
|1||Man Left Empty Handed After Slot Machine Fiasco|
|2||Bicycle Casino Shut Down After Police Raid|
|3||Poker High Roller Sues Roommate Over Unpaid Rent|
|4||Poker Pro Receives 8 Years For Debt Collection Scheme|
|5||Bicycle Casino Reopens Day After Government Raid|
|6||Man Attacked By Security On United Flight Is A Poker Player|
|7||Feds Indict Another Top Las Vegas Sports Bettor|
|8||Ryan Riess Wins 2017 WPT SHRP Finale|
|9||Bike Raid Could Hurt PokerStars Team In California|
|10||Podcast: Schulman After Losing 7-Figure Roll|