Company · Real Estate · founded 1999
MotorCity Casino Hotel
Casino hotel in Detroit, opened on December 14, 1999. Marian Ilitch bought the 53.5% stake held by Mandalay Resort Group in April 2005 for $525 million and is listed as owner.
Part of Ilitch Holdings.
Of the 1 person here linked to MotorCity Casino Hotel, 0 are founders and 1 is still there. These are people who succeeded, not the odds of succeeding.
Description and founding year: en.wikipedia.org. Each person's role links to its own source on their profile.
1 person at MotorCity Casino Hotel
Investor Still there
Role
Owner; held a 25% stake, then bought Mandalay Resort Group's 53.5% for $525 million (April 2005) and the local investors' remaining 21.5%
Source
· high confidence. An AP report (via the Michigan Daily, April 2005) says she paid $525 million for Mandalay's 53.5%, $106 million for an 11.5% stake held by local investors, and an undisclosed sum for another 10% held by Tom Celani. Her Wikipedia page's "$600 million" covers buying out the other investors plus later renovations, so it is a broader figure than the Mandalay price, not a conflicting one. Start year of the 25% stake is not stated.
Food & Beverage · Sports 5 / 5
Marian Ilitch
Co-founder, Little Caesars Pizza; owner, MotorCity Casino Hotel; chairman, Ilitch Holdings
working-class · outsider · no college