Word: carloe
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...bankrolled the DC-6 flight for $500,000 (based on roughly $20 a pound−the Bogota rate−plus $180,000 for the plane and other transportation costs). Galente has long wanted to re-establish the New York mob in the narcotics trade. Since the death of Carlo Gambino last fall, he has been struggling with another mobster, Aniello Dellacroce, for control of the New York underworld (TIME, Nov. 1). The plane's loss can hardly help Galente's leadership bid. Meanwhile, the feds can add a big new airplane to their fleet, which now totals...
...could frequently be seen in the casinos of London and Monte Carlo, always at the roulette wheel and usually on a massive losing streak. At one time. Sir Hugh Fraser, at 40 one of Britain's more powerful businessmen, played back-to-back tables at Ladbroke's and lost the equivalent of half a million dollars in a single evening. To cover his losses, Fraser has been forced into selling an estimated $2.4 million worth of stock in Scottish & Universal Investments Ltd., an associate company of the House of Fraser Ltd., which owns Harrods and more than...
...Hugh has a record of flirting with danger, he has admitted he "likes to be frightened" and proves it by driving at 100 m.p.h. from Glasgow to Monte Carlo ("to see how fast I could get there") and racing horses with Liberal M.P. Clement Freud. Whatever the reason, Sir Hugh's recklessness has cost him more than money: the damage to his name could be permanent...
...shareholders move against him. At parties, Fraser appears to be making a joke of the whole affair. He sang and danced two weeks ago at a gathering near his Scotland home in Drymen, Stirlingshire, and led guests in choruses of The Man Who Broke the Bank at Monte Carlo...
...casino games, the house gets its share through an edge in the odds. On Las Vegas roulette wheels, which have two zero spaces, the house benefits by 5.26%. (In Monte Carlo, where the wheels have only one zero, the house margin is 2.7%.) In blackjack in Vegas, the house has a basic advantage of 5.9%, though this can vary depending on the skill of a player. The best casino odds are in craps, where the house is only 1.4% better off than the player. Slot machines vary, keeping 3% to 22% of the coins they swallow...