Several of the news articles have mentioned that Horseshoe employees received a letter, from the Union, on the day the 'Shoe was closed down.

The letter explained that union trust funds had been covering the expenses of the benefits for the employees, even though the 'Shoe hadn't made any contributions since June.

Part of the letter was quoted as saying "The Trustees of the plans have bent over backward trying to help the Horseshoe. They gave the Horseshoe extention after extension in the hope that the promises made by Horseshoe ownership about getting substantial new money in the form of loans would come true. None of the promises has been fulfilled...Trustees had the legal, fiduciary duty to collect for the benefits the plans have given you and simply could not wait any longer based just on hope and no performance by the Horseshoe ownership."

They were authorized to seize up to $1.9 million, according to the reports. IMHO, the union knew the seizure would/could cause the 'Shoe to close, at least temporarily, and that's why they sent out the letter.

IMHO, the union moved to prevent 2 other possibilities:
1. Becky could have filed bankruptcy
2. Another creditor could have filed to seize the Horseshoe's cash reserve

....just my opinion