Word: montee
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Dates: during 1970-1979
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He 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...
Bloody Fool. "I think I've been a bloody fool," admits Sir Hugh. He described the stock exchange report as fair and vowed to swear off roulette. But he has fought to stay on the company's board by threatening to put his 36% stock ownership up for...
In 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...
Jungle Crushers. Starting a timber business has involved Ludwig in a coals-to-Newcastle operation: cutting down jungle in order to plant new trees. The native forest contains far too many species of trees?more than 300 different kinds on any given acre?for profitable lumbering. At a cost of...
When he is at the project, he stays in an ordinary room at a modest guest house in Monte Dourado and stomps about wearing 25-year-old gray trousers and an even more ancient pair of black dress shoes. He visits congenially with his employees and their families, talking about...