Word: polignac
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Dates: during 1970-1979
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...Societe des Bains de Mer, which owns both the casino and the Hotel de Paris, decided not to charge the sheiks for their rooms. "It was the least we could do," said an official. But Prince Louis de Polignac, chairman of the board of the S.B.M., was less sanguine about all the publicity. "Gamblers are like Swiss bankers," he said. "They love discretion. When a gambler gets unwanted publicity, he goes somewhere else...
...seem for a casino operator to run in the red, S.B.M. did just that in two recent years, and barely broke even in another. But now the wheel of fortune has spun to the black again. A few days ago, S.B.M.'s president, jovial little Prince Louis de Polignac, announced a profit of $2.5 million for the year ended last March 31 and a 40% rise in the price of S.B.M. stock, to $15.50. No one was more pleased than his third cousin, Prince Rainier, known to Americans as the husband of elegant Movie Star Grace Kelly. Prince Rainier...