Word: betting
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Dates: during 1980-1989
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...substantial enough for a comedy about high rollers in Vegas. Alex bravadoes himself into the Dr. Zhivago Suite at the MGM Grand Hotel with his friend Jerry (Burt Young), who plays Oscar to Alex's Felix and is also a compulsive gambler: "I go to a party, I bet on the hors d'oeuvres...
Buying a share in the fund represents in effect a speculative bet that its portfolio will wind up brimming with eventual turnaround stocks. Says Zeikel confidently: "We expect to have more winners than losers." Over the years, bankrupt or desperate companies have indeed occasionally revived under new management. Typical of such born-agains is Toys R Us, which re-emerged from the bankruptcy of its parent, Interstate Stores, in 1978 to become one of the fastest growing retailers in the U.S.: 1981 sales $783 million...
...also been shaved. Hourly workers get 12% less than they did a year ago, and the salaries of top management have been cut by one-third. Says Howell gamely: "In the face of the economic consequences, our only response had to be retrenchment. But if I had to bet, I'd bet we'll survive. We're now prepared for anything the economy dishes...
Take Brown, give 3 at home against Penn (best bet...
There is another industry quivering because of the strike: gambling. Largely because it has been so well televised, pro football has become the national gambling medium. People who wager on nothing else may bet on office football pools. Wagering on professional football is said to provide half the annual income of the legal bookmakers. The Barbary Coast Casino and Sports Book in Las Vegas handled more than $1 million worth of N.F.L. bets on each of the two weekends before the strike, says Owner Michael Gaughan. Vic Salermo, operator of Leroy's Sports Book, frets that the strike will...