Word: roffman
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Dates: during 1980-1989
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...their civic responsibilities is that only five out of twelve posted a profit last year. Overall, the casinos earned just $14.7 million after expenses in 1988, a meager return on the $2.73 billion that gamblers lost in the slot machines and at the tables, according to Marvin Roffman, a casino analyst with Philadelphia's Janney Montgomery Scott. The reason is the debt the casinos have taken on in the past three years, much of it through junk bonds, either to fight off takeovers or engineer them. Atlantic City's casinos have incurred more than $2 billion in debt...
...million suit against Griffin for interfering in the Resorts/Trump merger, the entertainer promptly countersued for $500 million. Trump, he charged, had misled stockholders about the company's value and breached his fiduciary responsibility by not considering a more attractive offer. "It's a real war," says Marvin B. Roffman, a senior security analyst for the Janney Montgomery Scott investment firm. "Griffin is dead serious...