Word: ferring
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Dates: during 1960-1969
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...tout Pnompenh is flocking to a spectacular riverside gambling complex, opened as a government monopoly in February. Inside a huge casino, thousands challenge the laws of chance in an assortment of card and dice games; in nine nearby air-conditioned chalets, the more affluent play roulette, chemin de fer and mah-jongg. Of the daily winnings of $75,000, the government skims off $40,000, while $25,000 goes to cover operating expenditures. The rest of the take is divided among 25 concessionaires, including several owners of now-closed illegal houses...
...benefits have been felt across the board. Government revenues are up 10% over last year, thanks entirely to the new operation. Cambodia's local industries have benefited: all the pieces of casino equipment-including dice, roulette wheels, cards and chemin de fer "shoes"-are made at home. Several pawnshops have sprung into existence to help out unlucky bettors...
...oldtimers might willingly relinquish jobs to black newcomers, the U.A.W. is neither so naive nor so self less as it might sound. Thanks to sup plemental unemployment benefits and the guaranteed annual income that Walter Reuther's union has won in recent years, veteran workers would hardly suf fer at all. A man with a year or more on the job would still draw nearly 95% of his weekly wage for 31 weeks. A man on the job for seven or more years could get similar benefits for a full year. Under ordinary economic conditions, workers eligible...
Bitter Brawl. Enter Hughes. His of fer last August of $22 a share, or about $94 million, set off a turbulent board room brawl. Air West Chairman Nick Bez, 73, former head of West Coast and a generous contributor to the Democratic Party in Washington State, spoke for Hughes. Lined up against him were Vice Chairman Edmund Converse, for mer head of Bonanza, and President G. Robert Henry. They insisted that Air West has enormous potential and that the offer, made through the Hughes Tool Co., was far too low. Says Henry: "We're spread over the richest...
...beat the system in Las Vegas' casinos. He lost "at least $200,000" at one casino, says California Assistant Attorney General Marshall S. Mayer, and perhaps more than that at several others, where he was known as a generous tipper and a big, if unlucky, chemin de fer player...