Detroit conglomerate buying Mississippi Coast casino. Here’s what to know
The Detroit-based corporate empire behind Little Caesars Pizza and the Detroit Tigers plans to acquire Scarlet Pearl Casino on the Mississippi Coast. The deal is part of a major expansion under the newly formed Ilitch Gaming division.
FULL STORY: Detroit-based enterprise to buy Coast casino under new gaming division
Here are key takeaways:
- Ilitch Companies announced plans to purchase Scarlet Pearl Casino in D’Iberville through its new gaming platform, Ilitch Gaming, pending regulatory approvals and closing conditions.
- The corporation also owns MotorCity Casino Hotel in Detroit and is moving toward full ownership of Ocean Casino Resort in Atlantic City, New Jersey.
- John Policicchio, Ilitch Gaming CEO and chief development officer, said the focus is to “support great teams, deliver exceptional guest experiences, invest in the communities we serve, and responsibly grow the business over time.”
- Scarlet Pearl was previously held by Coast-based Land Holdings I, which opened the casino in 2015 with LuAnn Pappas as CEO. Since opening, the casino has paid $30 million in gaming taxes, with $18 million going back to D’Iberville.
- The casino employs about 800 people and will continue operating as usual until the transaction closes.
The summary points above were compiled with the help of AI tools and edited by journalists. The full story in the link at top was reported, written and edited entirely by journalists.
Lillian Foster
Sun Herald