Tuesday, February 03, 2009

Ilitch issues press release indicating CCM Merger convinced enough investors to amend credit facility

CCM Merger Successfully Amends Credit Facility
DEUTSCHE BANK AG ORD SHS
DB 2/3/2009 11:43:00 AM

DETROIT, Feb 03, 2009 /PRNewswire via COMTEX News Network/ -- CCM Merger Inc, parent company of MotorCity Casino Hotel, announced today that it has reached an agreement with the required number of lenders for an amendment to its credit agreement. "We are very pleased to have completed this amendment under these most difficult market conditions," said Gregg Solomon, CEO of MotorCity Casino Hotel. "We appreciate the leadership of Deutsche Bank Trust Company Americas, as administrative agent, and the continued support of our entire lender group."

About MotorCity Casino Hotel

Located on Grand River at the Lodge Freeway (M-10), MotorCity Casino Hotel is owned by Marian Ilitch and is the only locally-owned and operated casino in Detroit. The entertainment complex has undergone a $325 million expansion project which includes a casino expansion, 400 room luxury hotel and spa, a new convention and banquet center, several new dining options, bars and lounges, a nightclub and an intimate live entertainment theater. For more information about MotorCity Casino Hotel, visit www.MotorCityCasinoHotel.com.

SOURCE: MotorCity Casino Hotel

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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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