"The team's announced move to the Red Wings' Little Caesars Arena, opening in fall 2017, also brought word of a joint venture between the Ilitches' Olympia Entertainment and Tom Gores' Palace Sports & Entertainment [[PS&E) to manage their entertainment empires.

It will unite two longtime competitors under a single banner, placing considerable buying power into the hands of a single entity. The new venture will likely be given its own distinct name, said Olympia president and CEO Tom Wilson.

The combined operation will be overseeing seven of the market's most significant venues: Little Caesars Arena, the Fox Theatre and Comerica Park — now overseen by Olympia — along with PS&E's Palace of Auburn Hills, DTE Energy Music Theatre, Meadow Brook Amphitheatre and the Michigan Lottery Theater at Freedom Hill.

That amounts to more than 105,000 of entertainment seating capacity."
http://www.freep.com/story/money/bus...ghts/94268498/

And people were wondering why Gores would ever leave the Palace I'd say this has something to do with it.