The Verifiable Truth: Ilitch represents his mother at opening of MotorCity Casino's hotel

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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Thursday, November 29, 2007

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

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TVT has welcomed more than 178,000 unique vistors

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