Word: casino
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Dates: during 1970-1979
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Today Contadora is Panama's star resort, with a government-owned casino and 210-room hotel (average room price: $70 a day). About 80 weekend homes owned mostly by wealthy Panamanians dot the beaches and hills. Palm, papaya and banana trees shade the island, and peacocks and deer roam freely. Temperatures climb to a torrid 95° during the day, but drop to a breezy 70° in the evening. The resort is just now entering its busy season, with the hotel booked solid through April. And, understandably, the tourists worry about the island's most famous guest...
...however, Baseball Commissioner Bowie Kuhn told Mays to say goodbye to baseball. Kuhn's edict came after Mays decided to sign a ten-year contract worth more than $1 million with Bally Manufacturing Corp. to make public appearances on behalf of the firm's new Atlantic City casino. Such a close tie with a gambling organization, Kuhn ruled, "is not in the best interests of baseball," and he told Mays that if he works for Bally, he must give up his job with the Mets...
Mays has performed similar duties during the past five years for a corporation that operates race tracks-indeed many prominent baseball figures have long held horse-racing interests-but Kuhn balked at casino gambling. Said he: "I felt the line needed to be drawn. Willie wasn't singled...
...committed his first armed robbery at age 15 and passed 22 of his last 27 years behind bars. With similar steadfastness, Bishop had denounced all efforts made on his behalf by civil libertarians to stay his execution for the 1977 murder of Newlywed David Ballard, 22, during a casino stickup in Las Vegas. Indeed, Bishop waived his right to a jury trial and immediately pleaded guilty to the killing...
...selling municipal bonds to doctors and dentists. They pay in cash from earnings they have not reported to the Internal Revenue, and there is no record of the bond purchases because they are so-called bearer bonds and therefore do not carry the name of the owner. Gambling casinos are surging in part because they are convenient places to spend cash. Says Albert W. Merck, a member of New Jersey's casino control commission: "A casino fills a fascinating function in an economy where there is a lot of unrecorded money. It is a place to put undeclared cash...