Word: pagliai
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Most wealthy Latin Americans have so far proved too provincial, too prudent or too suspicious to exploit the new common market trading area set up for them 17 months ago. But there is nothing provincial about Bruno Pagliai, a cosmopolitan tycoon who was reared in Italy, made (and lost) his first million in the U.S. and is now among Mexico's richest men. This week, in the biggest deal yet made within the nine-nation Latin American Free Trade Area, Pagliai, 60, loaded the first part of a $7,000,000 order of steel pipe for the Argentine PASA...
Camacho gave Pagliai not only a license for pari-mutuel gambling but also a ten-year renewable concession on 180 acres of Government property 15 minutes from the heart of Mexico City. In return, Pagliai's Jockey Club de la Ciudad de Mexico, operators of the track, promised the Mexican Army ten thoroughbreds every year there is racing at the Hipódromo de las Américas...
Better for Bettors. The Hipódromo has already cost Pagliai and his associates 7,000,000 pesos (approximately $1,400,000 ). Designed by Manhattan Architect John Sloan, it will out-glamor California's fabulous Santa Anita Park, generally considered the world's most ornamental race track. Snuggling at the foot of the snow-capped Sierra Madre Mountains, Sloan's dream track will have a three-tiered grandstand, four-tiered clubhouse with betting windows and cocktail bars on each level and a super-gaudy ballroom with a black marble floor, silver walls and shell-pink ceiling...
...time the track opens, Promoter Pagliai hopes every one of its 800 stalls will be filled. Last week 300 horses were already trying out its racing strip - including nine owned by President Camacho, eight owned by Governor Barba González of Jalisco, scores of U.S. racers recently imported from California by Mexican bigwigs. Even ex-President Lázaro Cárdenas, who once banned all gambling in Mexico (except the National Lottery), is contemplating a racing stable...
...last week no reservation had been made for Whirlaway, the horse Promoter Pagliai wants above all for the Hipódromo's biggest race: The May 30 Handicap de las Américas, worth 100,000 pesos to the winner...