Wednesday, August 20, 2008

Ilitch partner could serve four months in jail and up to two years probation


According to reports in The White Mountain Independent Detroit businessman Michael Malik was found guilty this month of illegal discharge of a firearm in Arizona.

The White Mountain Independent reports Arizona law make it illegal to discharge a firearm within a quarter-mile of an occupied residence while taking wildlife without permission.

Under Arizona Revised Statute 17-309 A 4, it is illegal to discharge a firearm within a quarter-mile of an occupied residence while taking wildlife without permission. It is considered an offense, punishable by up to $750 in fines plus 80 percent in surcharges, up to four months in jail and up to two years probation.

Malik is Mrs. Marian Ilitch's casino gaming partner. Ilitch owns Detroit's MotorCity Casino, Little Caesars Pizza and the Detroit Red Wings NHL franchise.

Olympia Entertainment partners with new entertainment promoter


According to a press release issued by TIX Corporation (Nasdaq:TIXC), a subsidiary known as Magic Arts & Entertainment announced its partnership and five-year agreement with Detroit-based Olympia Entertainment to present a Broadway series at the fabulous Fox Theatre in Detroit, Michigan.

This five-year agreement between the two companies also encompasses two other Olympia Entertainment-operated venues including: the Masonic Temple Theatre (4,000 seats) and The City Theatre (400 seats).

Magic Arts & Entertainment is headed by longtime-business partners Lee D. Marshall and Joe Marsh. In 2008, Magic Arts & Entertainment became part of Tix Corporation with Marshall and Marsh assuming the roles of Co-CEO of Tix Productions, a newly-formed subsidiary of Tix Corporation. The Magic office is run out of Cleveland, OH and Salt Lake City, UT.

Olympia Entertainment is one of the industry's most diverse sports and entertainment companies, owned by Detroit entrepreneurs Mike and Marian Ilitch. Headquartered in Detroit, Olympia Entertainment owns and operates Detroit's Fox Theatre, the intimate City Theatre, and also books and operates Masonic Temple Theatre, Joe Louis Arena, Comerica Park and "The Legendary" Cobo Arena. Other Ilitch-owned companies include: the Detroit Red Wings, the Detroit Tigers, Little Caesars Pizza, Blue Line Foodservice Distribution, Olympia Development, Little Caesars Pizza Kit Fundraising Program, Champion Foods, Uptown Entertainment, and a variety of venues within these entities. Additionally, Marian Ilitch is the owner of MotorCity Casino in Detroit. 2007 revenues for the Ilitch-owned companies totaled $1.8 billion.

A former executive producer at Olympia Entertainment (Gregory Young) and one of Marian Ilitch’s current casino gaming partner (Michael Malik) are involved in a $300 million federal fraud case brought by the Securities and Exchange Commission against entertainment promoters John P. "Jack" Utsick, Robert Yeager, Donna Yeager, Worldwide Entertainment, Inc., The Entertainment Group Fund, Inc., American Enterprises, Inc., and Entertainment Funds, Inc.

Sunday, August 17, 2008

Olympia Entertainment and World Wide Entertainment/Jack Utsick Presents

from a photo gallery of the
10th Annual
Concert Industry Consortium Conference

L-R: Greg Young (Jack Utsick Presents/Entertainment Group Fund), Chris Patterson and Ned Collett (Olympia Entertainment), and Bob Baker (Peloton Creative Group).

Prior to joining Jack Utsick Presents/Entertainment Group Fund/World Wide Entertainment (World Wide Entertainment - Michigan, LLC), Young was executive producer at the Ilitch-owned Olympia Entertainment (Detroit's Fox Theater) from 1998-2003.

According to Daily Variety, Greg Young, formerly an Indianapolis-based independent producer of road revivals, was hired and moved to Detroit in 1998 by Olympia Entertainment partly to develop new Broadway-style productions with an eye toward the national marketplace.

Young is currently a partner at Allterra Capital Partners, LLC and Variety reports Young is involved with a revival of Bob Fosse's "Dancin" which is set to stage at New York's Studio 54 in Spring 2009.

Jack Utsick/Entertainment Group Fund and other related promoters are the targets of a $300 million fraud case filed by the Securities and Exchange Commission (SEC).

Young, who is also reportedly the owner/operator of the Royal Oak Music Theater (ROMT) in the greater Detroit-area is also involved in the case. ROMT owed the World Wide Entertainment Group receivership $475,000.

Another Ilitch partner, Michael Malik, is also involved in the federal $300 million fraud case. Subsequent charges have been filed against Malik seeking his return of more than $2.1 million that a receivership alleges Malik received in a fraudulent transfer.

Two with ties to Ilitch organization involved in $300 million fraud case

Two with strong ties to Detroit’s Ilitch family involved in $300 million fraud case exposed by the Securities and Exchange Commission (SEC).

Michael J. Malik, Sr., the Ilitch family’s often controversial gaming partner and Gregory Young, formerly executive producer for the Ilitch-owned Olympia Entertainment (Detroit's Fox Theater), have been tied to a federal case charging Worldwide Entertainment, Inc. and Entertainment Group Fund, Inc. and their principal John P. (Jack) Utsick, and American Enterprises, Inc. and Entertainment Funds, Inc. and their principals Robert Yeager and Donna Yeager, in connection with a fraudulent offering that raised over $300 million from over 3,300 investors nationwide.

June 2008 charges filed in a Florida Federal District Court allege that Detroit casino syndicator Michael Malik was involved in a $2.1 million fraudulent transfer of funds – a so-called “Profit Payment” – involving the above parties. A receivership seeks to recover the $2.1 million plus related charges from Malik.

Greg Young, who was affiliated with Olympia Entertainment (Detroit’s Fox Theater) from 1998 – 2003, was affiliated with Utsick’s World Wide Entertainment Michigan, LLC. Young would reportedly become owner/operator of the Royal Oak Music Theatre in the greater Detroit-area and owed more than $400,000 to World Wide/Utsick. According to court documents and other reports, Young subsequently has partnered with AEG (Anschutz Entertainment Group); that agreement has reportedly provided Young with the $475,000 that will be returned to the World Wide, Utsick, et. al. receivership.

: Ilitch snares Young to develop commersh shows

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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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