GMA quoted in Crains Detroit
Ilitches’ Atlantic City casino purchase signals new strategy for its gaming expansion
By Kurt Nagl
The Ilitch organization’s pending ownership stake in an Atlantic City casino announced earlier this week caught many off guard, but the family’s gaming expansion plan has been more than 15 years in the making.
The original strategy of developing new casinos, devised back when family matriarch Marian Ilitch, 88, took complete ownership of MotorCity Casino Hotel in 2005, failed to come to fruition. But gaming experts say the family’s purchase of up to 50 percent of the Ocean Casino Resort in the New Jersey tourist town signals a new strategy for an expansion plan still very much on the table.
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