Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
$170,000,000 Acquisition of Casino Queen by Newly Formed Employee Stock Ownership Plan
Successful Casino to Create Long-term Economic Benefits for Employees

EAST ST. LOUIS, Ill., Dec. 27, 2012 /PRNewswire/ -- Shareholders of Casino Queen, Inc. ("Casino Queen" or the "Company"), owner and operator of Casino Queen Hotel & Casino located in East St. Louis, Illinois (the "Property"), have agreed to sell 100% of their equity interests in the Company to a newly formed Employee Stock Ownership Plan ("ESOP") for approximately $170 million, which includes the assumption and refinancing of approximately $31 million in existing indebtedness (collectively, the "Acquisition").

The privately held ESOP will provide the Company's approximate 700 employees with an opportunity to participate in the continued success and growth of the Property via collective ownership in Casino Queen's stock.  The ESOP will effectively create an enhanced retirement benefits plan tied to the performance of the Property and provide liquidity for employees when they retire or leave the Company.  The private nature of the ESOP permits management to focus on strategies for the long-term benefit of the Company and creation of wealth for its employees. 

Management of the ESOP will be led by co-trustees Jeff Watson, current General Manager of the Company, and Bob Barrows, current Chief Financial Officer.  Mr. Watson and Mr. Barrows along with the Company's newly formed Board of Directors will provide daily governance and operations oversight.  GreatBanc Trust Company acted as independent ESOP trustee during the Acquisition process.

The Acquisition, plus related transaction fees and expenses, was funded by the ESOP primarily through a combination of new debt financing instruments totaling $170 million (collectively, the "Debt Financing").

Advisors
Wells Fargo Securities, LLC acted as sole lead arranger and sole bookrunner in connection with the Debt Financing.  Wells Fargo Bank, N.A. is serving as Administrative Agent for the First Lien Credit Facility.  Wells Fargo Gaming Capital is serving as Administrative Agent for the Second Lien Credit Facility and the Subordinated Credit Facility.

Husch Blackwell LLP acted as lead legal counsel to Casino Queen in connection with the Acquisition.  Innovation Capital, LLC served as financial advisor to Casino Queen in connection with the Acquisition.  Duff and Phelps Securities, LLC advised the Company with respect to formation of the ESOP.

About Casino Queen Hotel & Casino
Casino Queen Hotel & Casino is a premier locals-oriented casino, hotel and entertainment complex located in East St. Louis, Illinois.  The Property is situated along the eastern bank of the Mississippi River, directly across from downtown St. Louis, Missouri.  The casino offers a 40,000 square foot gaming floor with over 1,100 slot machines and 27 table games.  Amenities include a 157 room hotel, three restaurants, 6,250 square feet of meeting space and 132-space recreational vehicle park.  For more information, please visit www.casinoqueen.com.

Contact


Jeffrey Watson

Robert Barrows

General Manager & Corporate

Chief Financial Officer

618-874-5000

618-874-5000

SOURCE Casino Queen, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

SOA World Latest Stories
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DN...
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is ob...
Cloudian on Tuesday announced immediate availability of Cloudian HyperStore appliances and Cloudian HyperStore 5.0 software. Flash-optimized, rack-ready HyperStore appliances make it easy to economically deploy full-featured, highly scalable S3-compliant storage with three enterprise-f...
WaveMaker on Tuesday announced WaveMaker Enterprise, licensed software that enables organizations to run their own end-to-end application platform as a service (aPaaS) for building and running custom apps. WaveMaker Enterprise is a commercially available rapid API app development and d...
Whether you're a startup or a 100 year old enterprise, the Internet of Things offers a variety of new capabilities for your business. IoT style solutions can help you get closer your customers, launch new product lines and take over an industry. Some companies are dipping their toes in...
DevOps Summit at Cloud Expo Silicon Valley announced today a limited time free "Expo Plus" registration option. On site registration price of $1,95 will be set to 'free' for delegates who register during this offer perios. To take advantage of this opportunity, attendees can use the co...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE