Wednesday, June 25, 2008

What does Marian Ilitch see in Mike Malik?

What does Marian Ilitch see in Mike Malik (Michael J. Malik, Sr.) other than millions of dollars of her family's money being flushed down the drain?

For more than a decade Malik's found some way to convince Marian Ilitch to invest millions in her family's fortune on his various casino schemes. O.K. so she's now the owner of Detroit's MotorCity Casino -- presumably an opportunity originally brought to her by Malik and his associates -- but Malik has failed in every effort to develop a new casino since then:
  • Failed to legalize gambling in Hawaii and build a proposed casino resort on Oahu;


  • Failed multiple times to get state or federal approvals for various schemes to build Indian casinos in Barstow, California;


  • Failed to make any meaningful progress on a scheme to build an Indian casino in the posh Hamptons resort on New York's Long Island; and today,


  • Failed for the seventh time in ten years to win congressional approvals for a scheme manufactured for the opportunity to build an off-reservation casino in Port Huron, Michigan.
In fact, the only success Malik has with casino resort projects dates back to the 1990s when he worked with a partner, Tom Celani. On the other hand, Celani has gone on to greatly expand his interests in casino and resort projects across the U.S.

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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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