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| Sunday, March 17, 1996 | (No comments posted.)
Fifty-five percent of Showboat Marina Partnership is owned by Showboat Inc.,
a public gaming company with casinos in Las Vegas, Atlantic City and Sydney,
Australia.
The remaining 45 percent is owned by a group of investors called Waterfront
Entertainment and Development Inc.
The group's 13 investors are:
* Michael Pannos, former State Democratic Party Chair, president of the
group and 28.44 percent shareholder.
* Margaret Pannos, wife of Michael Pannos, 8.89 percent shareholder.
* Thomas Cappas, East Chicago lawyer, 17.04 percent shareholder.
* Elizabeth Cappas, wife of Thomas Cappas, 12.52 percent shareholder.
* Peter and Samuel Cappas, both sons of Thomas Cappas, each 4.44 percent
shareholders.
* George Novogroder, developer of the Polo Club in Merrillville, 10 percent
shareholder.
* Nikos Kefalidis, New York City developer, 6.67 percent shareholder.
* Barry Alan Porter, senior managing director of Bear, Stearns & Co. in Los
Angeles, 5.56 percent shareholder.
* John Flores, principal of Central High School in East Chicago, 0.5 percent
shareholder.
* R. Louis Gonzalez, former chairman of the Indiana Port Commission, 0.5
percent shareholder.
* George Pabey, former East Chicago chief of police, 0.5 percent shareholder.
* Robert Hoggs, former general services director, 0.5 percent shareholder.
- Amanda Beeler
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