Word: mutuels
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...York, where there are five race tracks, betting on horse races has been illegal since 1908, but bookmakers for the past five years have been permitted to operate at the tracks through a loophole in the law. Although most New York racing fans consider pari-mutuels* (which have been legalized in 18 States) a fairer system of betting, a small but powerful lobby in Albany has for five years influenced legislators against replacing book betting with pari-mutuel machines...
...year ago New York's law makers, enviously noting that California collects some $2,000,000 a year from the 4% tax on the pari-mutuel handle at its race tracks, finally turned a deaf ear to lobbyists, passed (33-To-14 in the Senate, 110-to-36 in the Assembly) a resolution for a constitutional amendment to legalize pari-mutuel betting. Under New York law, however, it had to be passed by two successive Legislatures before it could be submitted to the voters for referendum...
Miami, No. i winter playground of the U. S., attracts 800,000 visitors each year between January and April. Last winter they poured $35,000,000 into the pari-mutuel betting machines at Greater Miami's two racetracks, Hialeah and Tropical Park...
...McMasters managed James Michael Curley's first campaign for Mayor of Boston. Mr. Curley rewarded him with a $5,000 publicity job but later fired him. In 1935, when Mr. Curley was Governor, Mr. McMasters tried to charter a pari-mutuel betting service, to get "for the State" some of the revenue pocketed by the horse-race bookies. Governor Curley's legal department turned him down. The next year Mr. McMasters ran for Governor as candidate of Father Coughlin's Union Party. His reappearance this year as a Townsend Planner had definite nuisance value to both Candidate...
...slips, bankers who hired the controllers and paid a share of their take to Dutch Schultz. In the early 1930's, numbers grossed some $60,000 a day, $20,000,000 a year. To make it more profitable, Schultz used not Federal Reserve figures but combinations of pari-mutuel race-track odds, which the racket had ways of rigging. To preserve his monopoly, Schultz bought political protection. He bought it, said Mr. Dewey, from Jimmy Hines. To deliver it, Jimmy Hines elected Mr. Dewey's predecessor as district attorney, William Copeland Dodge. Mr. Hines, said Mr. Dewey, described...