Word: 3billion
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Dates: during 1967-1967
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Stem's sense of the odds has made Ladbroke's the leader of Britain's $3billion-a-year legalized bookmaking business. Founded at the turn of the century and long famed as the "bookmaker to the Establishment," the snobbish West End-based firm had all but faded away along with its blueblooded patrons when Stein's uncle bought the entire outfit in 1956 for a paltry $700,000. The son of a prosperous London horse-parlor and turf-news-service operator, Stein himself became Ladbroke's top man in 1958 at age 30. Last year...
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