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Casino Queen Sold to Its Employees

December 27, 2012 8:55 PM

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Casino Queen, East St. Louis

EAST ST. LOUIS (KMOX) - The Casino Queen announced the company has been sold to the casino’s employees.

The company entered into an Employee Stock Ownership plan. Under the plan, shareholders will sell their interest in the company for about $170 million.

The acquisition includes the assumption and refinancing of approximately $31 million in existing debt.

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