$170,000,000 Acquisition of Casino Queen by Newly Formed Employee Stock Ownership Plan Successful Casino to Create Long-term Economic Benefits for Employees. News provided by. The sale, conducted through a newly created employee stock ownership plan, comes amid increasing competition in the local gaming landscape and the Casino Queen’s languishing revenue, which has ... Stock bonus: A stock bonus plan is a type of profit-sharing by which a corporation uses its own stock to make contributions and distributions. 2P: Leveraged ESOP: An Employee Stock Ownership Plan (ESOP) that acquires employer securities with borrowed money or other debt-financing techniques. 2Q: S Corporation ESOP Casino Queen, located at 200 South Front Street in East St. Louis, Ill., was established in 1993 and has since made more than $10 million in charitable contributions and invested more than $200 ... "Casino Queen employees were forced to invest their employer-sponsored retirement savings in Casino Queen stock at a price and terms approved by the ESOP trustee without employee input," according ... The Casino Queen is a fun and entertaining environment. During a typical work day i am afforeded the oppurtunity to interact with many guest and assist with making their Casino experience more enjoyable. Since my employeement began at the Casino Queen, I have learned my things ranging from being a security Officer and protecting company assets ... Company profile page for Casino Queen Inc including stock price, company news, press releases, executives, board members, and contact information Summary of the Lawsuit. This lawsuit, Hensiek v.Board of Directors of CQ Holding Company, Inc., et al., brought on behalf of participants and beneficiaries of the Casino Queen Employee Stock Ownership Plan (“CQ ESOP”), alleges numerous violations of the Employee Retirement Income Security Act (“ERISA”) in connection with the sale of CQ Holding Company, Inc. to the ESOP for an inflated ... A free inside look at Casino Queen salary trends based on 23 salaries wages for 22 jobs at Casino Queen. Salaries posted anonymously by Casino Queen employees. Tom Hensiek and Jason Gill, who formerly worked at the Casino Queen and who had participated in the casino's employee stock ownership plan, filed an Employee Retirement Income Security Act suit in ...
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