Word: diamond
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...competitive hype points to a harsh reality: as surely as a flush beats a straight, some of the riverboat ventures are destined to fold. "I am concerned about saturation if every state gets it," admits Bernard Goldstein, owner of Emerald Lady and Diamond Lady, which docks in Bettendorf, Iowa. Michael Jones, director of the Illinois state lottery through the mid-1980s, warns that the potential audience for the novelty cruises may be smaller than boosters imagine. For one thing, he notes, lottery players and higher-stakes gamblers are different animals. While lottery enthusiasts may sample riverboat gambling once or twice...
...brink of disaster a decade after the government rescued it by guaranteeing $1.5 billion of the company's loans. Now Chrysler is desperately seeking to raise $500 million to help it hold the road. To do that, the struggling automaker may sell Mitsubishi an increased stake in the Diamond-Star Motors joint venture that builds Plymouth Laser and Mitsubishi Eclipse models in Illinois. Chrysler has also boosted its cost-reduction target from $1 billion to $3 billion...
...government for a rescue, Chrysler may again be looking for help in weathering a financial crisis -- this time in Japan. Mitsubishi, Chrysler's longtime Japanese partner, is reportedly prepared to put $200 million to $300 million into the U.S. automaker. In return, Mitsubishi would get more control over the Diamond-Star Motors joint venture that builds cars for both companies at a new plant in Normal, Ill. For Chrysler the deal would mean a respite from a recession that has cut sales more than 20% and left the company facing a first-quarter loss estimated at $250 million...
...Mark Twain's day, riverboat gambling brought romance and roguery to the Mississippi River. Now Iowans are betting that it will bring tax revenues and jobs. Last week legalized floating casinos returned to the river for the first time in nearly a century. Three ships, the Diamond Lady, the President and the Casino Belle, left from separate Iowa port cities. They were loaded with slot machines, blackjack tables and roulette wheels as well as bettors who pay from $7.95 for a breakfast cruise to $40 for a weekend jaunt...
...Crimson hit the diamond again tomorrow at home against Holy Cross before kicking off E.I.B.L. competition with doubleheaders at home against Army and Brown over the weekend...