Detroit, MI
Ilitch Companies creates gaming platform, expands beyond Detroit
Ilitch Companies recently announced the formation of a new gaming platform with plans to purchase a casino in Mississippi and expand its ownership of a casino in New Jersey.
The new venture, called Ilitch Gaming, will oversee the company’s gaming, hospitality and entertainment businesses, the company said in a release, adding that it will build on the success of MotorCity Casino Hotel. The operation of Ilitch Gaming is awaiting regulatory approval.
Chris Ilitch, CEO of Ilitch Companies, described the move as a new chapter for the company’s gaming and hospitality business. He will also serve as chairperson of Ilitch Gaming.
“My mother Marian Ilitch’s vision for MotorCity Casino Hotel and our success in Detroit over nearly three decades is the inspiration for what comes next,” Ilitch said in a statement. “The formation of Ilitch Gaming marks a defining new chapter in the evolution of our gaming and hospitality business. We remain committed to creating memorable experiences for guests, supporting responsible gaming, and serving as a positive economic force in the communities where we operate.”
Along with the launch of Ilitch Gaming, Ilitch Companies announced plans to acquire Scarlet Pearl Casino Resort in D’Iberville, Mississippi, and purchase the remaining ownership stake in Ocean Casino Resort in Atlantic City, New Jersey, from Luxor Capital Group LP. Ilitch Companies has had 50% ownership interest in Ocean Casino Resort since 2021.
Both deals are subject to regulatory approval and customary closing conditions, and each casino is expected to continue operating as usual until the transactions are completed, officials said.
“We are incredibly proud of what our team has built over the past decade and grateful for the support we have received from our guests across the Gulf Coast,” LuAnn Pappas, chief executive officer of Scarlet Pearl Casino Resort, said in a statement. “We believe Ilitch Gaming shares our commitment to hospitality, service, and community, and we are confident Scarlet Pearl is positioned for continued success.”
cwilliams@detroitnews.com