Career
Currently his Netto worth is right about $750 million. As a partner with NAG, Malik directed a ballot effort to bring casino gambling to Detroit, Michigan. In 1996, NAG teamed with Atwater Entertainment to support the passage of a Michigan statewide proposal facilitating the development of three commercial casinos in Detroit.
Following passage of the proposal, Malik worked with state elected officials to negotiate and implement the regulatory oversight framework for the Detroit casinos.
Detroit Entertainment selected Mandalay Bay Group as casino operator, and Malik worked with them on the development of the casino project now called MotorCity Casino. His efforts have resulted in an entertainment industry in Detroit that today exceeds $1.3 billion per year.
Malik helped develop a casino for the Little River Band of Ottawa Indians in Manistee in northwest Michigan. He was responsible for site selection and land acquisition, construction firm selection, assistance in obtaining a gaming compact, and establishing casino operations.
Today the Little River Casino is the third most profitable Indian owned and operated casino of the 18 located in Michigan.
Malik also assisted in the development of two casinos, a hotel and a golf course for the Bay Mills Indian Tribe in Brimley, Michigan. He assisted the tribe with the legislative approval process for obtaining the first gaming compact in Michigan. Malik is currently working with the Bay Mills Tribe to develop a casino in Portuguese Huron, Michigan.
Malik is managing partner in the casino development group BarWest Limited liability company , and is working with the Los Coyotes Band from San Diego County, California to construct and operate a world-class casino complex in Barstow, California.
The owner of MJM Enterprises and Development, Malik is involved in a spectrum of development projects, including hunting and fishing preserves, oil and gas development, financing touring entertainment acts and developing business expansion projects. Malik has been a real estate developer and licensed broker for more than 25 years.
As one of the first 26 Michigan residents licensed in securities and exchange real estate, Malik has developed many commercial projects. He specializes in resort development, industrial parks, retail shopping malls and urban development.
