MotorCity Casino Workers Forced to Pay Own Healthcare Costs
|Forbes' 2011 NHL Team Values|
Forbes ProfileThe Red Wings are a significant part of the annual marketing plan for the Ilitch-owned MotorCity Casino frequently making guest appearances and hosting star-studded poker tournaments. Unfortunately for the Ilitch bank the same isn't true for the Ilitch-owned Detroit Tigers baseball team. Given its history of scandals, Major League Baseball has specific regulations prohibiting the mingling of baseball and gambling interests.
Billionaire Michael Ilitch, through Olympia Entertainment, has a highly integrated and valuable entertainment empire. In sports, Olympia controls the Red Wings, Little Caesars AAA hockey club and baseball's Detroit Tigers, as well as their stadiums, Joe Louis Arena (hockey) and Comerica Park (baseball). Outside of sports, Olympia runs the Fox Theatre (over 4,800 seats), Cobo Arena and Hockeytown Cafe,voted the number two sports bar in the country week after week by ESPN2’s Cold Pizza. Olympia also owns food distribution businesses that Ilitch leverages at his stadiums and a casino in Detroit.
The Ilitches realized a $16.3 million operating income from their NHL franchise this past season ranking it the #2 most profitable US franchise; and players and management continue to draw multi-million dollar paychecks. Ilitch continues to fuel up the Gulfstream Jet for the clan's personal travel and vacation in Boca Raton, FL. Their business partner paid $5.4 million cash for a New York Penthouse. Those aren't the circumstances for the hardworking staff at MotorCity Casino. In a labor negotiation that took place earlier this Fall, the Ilitch gambling hall workers were told to start paying some of their own healthcare costs or face job loses.
#Occupy Ilitch Holdings, Inc.