Word: greyhounding
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...MBTA and jerk through Boston's murky underground and past the swamps of Revere Beach. After 35 minutes and two changes you emerge at Wonderland Park, a sprawling, brawling circus that is one of about 50 greyhound race tracks in the country...
Golf & Astronauts. Though horse racing still accounts for 90% of Ladbroke's take, Stein has eagerly diversified. He now books greyhound racing and football, began posting odds on golf in the early '60s when Arnold Palmer made the pro game popular in England. In 1963, he pioneered the making of book on elections. Current special: 10-to-l odds on an astronaut's landing on the moon next year...
Beyond Control? With the 7% investment tax credit plus fast tax writeoff on their equipment, most leasing companies show quick profits in their early years. GC Computer, a Greyhound Corp. subsidiary and largest of the five leasing concerns listed on the American Stock Exchange, reported a 47% gain in earnings last year; the price of its stock jumped from 91 to 41 at one point during the spring surge. Levin-Townsend's earnings climbed mightily in the fiscal year ended in March, and its stock price rose from 12 at the end of December to as high...
Property for Sale. Thus it is not surprising that the railroads want to unload. The market for buyers seems to be limited to interests outside the transportation field; a recent bid by Greyhound for a 20% share of REA was knocked down in the courts. The buyer will get 14,000 pieces of automotive equipment, 11,000 trailers, and 7,000 terminals in 50 states. With a new, more flexible approach to the use of those assets, and without the stringent regulations that guide it as a rail holding REA might very well be an interesting property...
...most fans the dogs are the least important aspect of a night at the track. Greyhound racing is a participation sport, not a spectator sport, and the participation involves risking a valued belonging. Betting puts an edge on life, brings a vividness costlier than a roller-coaster ride. But why is its thrill worth the money thrown away for it? Less than 28 per cent of the $500,000 bet each night is winning money. But the fans keep coming back, and even though the percentages are against them, they go right on betting...