Thursday, November 29, 2007

Ilitch represents his mother at opening of MotorCity Casino's hotel

11.28.07

Ilitch Holdings President and CEO Christopher Ilitch, left, welcomes Edwin Davis of Dearborn and his fiancée, Annette Kjelstad of Norway, to the grand opening of the MotorCity Casino Hotel in Detroit.

Ilitch, a member of the MotorCity Casino management committee was apparently representing his mother Marian Ilitch who is said to own 100% of MotorCity Casino.

Marian Ilitch reportedly borrowed $1 billion in 2005 to: acquire the gambling hall from MGM Mirage/Mandalay Resort Group and other minor investors; to cover the costs of the $300 million casino expansion; and to begin repaying certain other of these debts. At the time MotorCity Casino was valued at $1 billion.

http://www.freep.com/apps/pbcs.dll/article?AID=/20071129/ENT11/711290347/1002/BUSINESS

http://prn.newscom.com/cgi-bin/pub/s?f=PRN/prnpub&p1=20071129/CLTH037&xtag=PRN-prnphotos-67306&redir=preview&tr=1&row=1

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certainly must reads!

Ilitch has backed loosing sports teams and pizza, but casinos in Detroit? Forbes.com 10.09.06 ● Marian Ilitch #1 on "25 Most Powerful People" to Watch 2006” global gaming business o1.oo.o5 ● My Kingdom for a Casino Forbes 05.08.06 ● Big Lagoon’s casino dream awakens north coast journal 07.28.05 ● Shinnecocks launch legal claim to Hamptons land newsday.com 06.16.05 ● Ilitch Plans to Expand Casino Empire RGTonline.com 07.05.05 ● Ilitch outbids partners MichiganDaily.com 04.14.05 ● Ilitch enmeshed in NY casino dispute detnews.com 03.20.05 ● Marian Ilitch, high roller freep.com 03.20.05 ● MGM Mirage to Decide on Offer for Casino in Detroit rgtonline.com 04.16.05 ● Secret deal for MotorCity alleged freep.com 02.15.05 ● Los Coyotes get new developer desertdispatch.com 02.08.05 Detroit casino figure to finance Barstow project LasVegasSun.com 07.07.03 ● Indian Band trying to put casino in Barstow signonSanDiego.com 06.04.03 Pizza matriarch takes on casino roles detnews.com 10.23.02 ● Vanderbilt gets short straw in negotiations for a casino Lansing Journal 10.06.02 ● Indians aim to drive family from tribe in vicious dispute san diego union tribune 04.09.00 ●Malik owns 2000 Michigan Quarter Horse of the Year Michigan.gov 01.01.00 ● Detroit Team to run Michigan’s newest Indian casino detnews.com 05.23.99 Tiger ties tangle Marian Ilitch detnews.com 04.29.99 ● Three investors must sell their Detroit casino interests gamblingmagazine.com 04.25.99 ● Partners’ cash revived election; They say money was crucial to Prop-E detnews.com 04.25.99 Investors have troubled histories las vegas review journal 04.27.99 ● Investor served probation for domestic assault on 12 year old boy detnews.com 04.25.99 Can a pair win a jackpot?: local men hope to... crainsdetroit.com 03.17.97

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