Financial terms of the deal were not disclosed, but Caesars noted that if the sale went ahead, the Baton Rouge will be removed from the Gaming and Leisure Properties (GLPI) Master Lease.

Casino Queen Esop Lawsuits

Casino Queen Esop Lawsuit Filed

1. “Former Casino Queen Employees Sue Company Over 2012 Sale,” KWMU 90.7 St. Louis Public Radio “ESOP Participants Deal ERISA Lawsuit to Casino Queen,” Pensions & Investments “Casino Sued Over Worker Retirement Plan’s $170M Stock Buy,” Law360.
2. This suit alleged that Trump and two of his employees —Nick Ribis and Roger Wagner— sexually propositioned and assaulted her several times. Two years before the $125 million harassment lawsuit was filed, however, Jill’s partner George and his company, American Dream Enterprise, also sued Trump for breach of contract.
3. Two former Casino Queen employees have filed suit against the casino’s old owners over the 2012 sale of the property that made it employee-owned. 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.
4. 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.

A year ago, the Koman family and partners sold the Casino Queen, and an employee stock ownership plan (ESOP) for its 700 employees was created. Company officials said no change in management was.

Rent payments to real estate investment trust GLPI would remain unchanged, while GLPI would also retain ownership of the real estate of Belle of Baton Rouge.

Subject to regulatory approvals and other customary closing conditions, the deal is expected to close in mid-2021.

Casino Queen Esop Lawsuit Settlement

“I want to thank all of our Baton Rouge team members for their hard work and dedication, especially during the novel coronavirus (Covid-19) pandemic,” Caesars chief executive Tom Reeg said.