$170,000,000 Acquisition of Casino Queen by Newly Formed Employee Stock Ownership Plan Successful Casino to Create Long-term Economic Benefits for Employees The plaintiffs, Tom Henseik and Jason Gill, allege the former owners of the Casino Queen Inc. sold their stake in the company into an employee stock ownership program (ESOP) at a vastly inflated price and then kept the true value secret for years. The proposed class action lawsuit was filed last month in U.S. District Court in East St. Louis. The plaintiffs, Tom Henseik and Jason Gill, allege the former owners of the Casino Queen Inc. sold their stake in the company into an employee stock ownership program (ESOP) at a vastly inflated price and then kept the true value secret for years. The proposed class action lawsuit was filed last month in U.S. District Court in East St. Louis. During the last decade, the Illinois Gaming Board denied Casino Queen’s attempt to remain open 24 hours daily, according to St. Louis Public Radio. At the time of the request, Casino Queen was kept... LOUIS, Ill. AP - Twenty-two current or past black Casino Queen workers are suing the business in federal court, accusing the gambling site of "systematic" racial discrimination and harassment, then... After 14 bids, the White Star One, which once graced the St. Louis waterfront as the Casino Queen, was auctioned off Friday by the U.S. marshals for $600,000. Only five bidders showed up for the 1... The lawsuit seeks up to $5,000 per violation for individuals whose facial geometry was obtained by Casino Queen within the last five years. This browser does not support PDFs. Please download the PDF to view it: Download PDF . • 2007: Casino Queen opens $92 million expansion that makes it the first Illinois casino to move off a river and onto land. • 2012: An employee stock ownership plan buys Casino Queen for $170 ... The lawsuit, filed Monday in U.S. District Court in East St. Louis, alleges the company's board of directors and the ESOP's administrative committee violated their duties under the Employee... That’s what happened in 2012 when the newly formed Casino Queen ESOP borrowed money to buy the casino from a group of private investors. An ESOP trust was started. The trust is required to repay
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