The Golden Lounge

[Stock]

SVGH - I had to look -- this is related to the HET divestiture and the Hollywood Casino sale in Shreveport...

Why spare this stock? I have NO idea... but now I am really curious...

LOUISIANA GAMING CONTROL BOARD
STATE OF LOUISIANA

ORDER APPROVING TRANSFER OF INTEREST
IN HOLLYWOOD CASINO SHREVEPORT G.P.

CONSIDERING the Petition for Approval of Transfer of Interest, the confirmed Chapter
11 plan of reorganization, the Fourth Amended and Restated Joint Venture Agreement and the
Fifth Amended and Restated Joint Venture Agreement, and upon motion duly made and
seconded,

IT IS HEREBY ORDERED that the following transactions be and are hereby approved:

1. transfer of a 75.4% partnership interest in Hollywood Casino Shreveport
to Eldorado Shreveport #1 LLC;

2. transfer of a 1% partnership interest in Hollywood Casino Shreveport to
Eldorado Shreveport #2 LLC;

3. transfer of a 23.6% non-voting partnership interest in Hollywood Casino
Shreveport to Shreveport Gaming Holdings, Inc. (“SGH”) subject to the
following conditions:

a. all equity interest in SGH shall be held in escrow by the sole
director of SGH and shall not be distributed, nor shall the
SGH interest holder exercise any Board observation rights,
until such time as;

i. the director has been notified in writing that the
SGH interest holder is not required to submit to
suitability, or

ii that the SGH interest holder has been found suitable
by the Louisiana Gaming Control Board;

4. conversion of HCS- Golf Course LLC to Shreveport Gaming Holdings,
Inc.;

5. restructure of Hollywood Casino Shreveport’s debt securities as follows:

a. Issuance of $140 million Notes at 10% interest per annum;

b. Issuance of $20 million preferred partnership interest to
SGH; and

c. Allowance of preferred return on the $20 million preferred
partnership interest at 13% per annum, compounded
quarterly;

6. approval of the Interim Management Agreement between Hollywood
Casino Shreveport and HWCC-Shreveport Inc;

7. approval of the Management Agreement between Hollywood Casino
Shreveport and Eldorado Resorts; and

8. approval of Licensee’s name change from Hollywood Casino Shreveport
to Eldorado Casino Shreveport Joint Venture d/b/a Eldorado Resorts
Casino Shreveport.

Done this _____________ day of _________________, 2005
_____________________________________
CHAIRMAN
LOUISIANA GAMING CONTROL BOARD

http://dpsweb.dps.louisiana.gov/lgcb.nsf/c6613e0d9c657daa86256e6f0063d179/0938e9a1ccb7e79a86257060005483a5/$FILE/July%2019%202005.pdf