Word: wager
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Dates: during 1990-1999
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...although there is no record of his enrolling there. But he had such self-possession that people believed his stories and went along with his boasts. He was an untiring gambler, though he won and lost with bad grace. He once publicly cajoled a man to pay a lost wager of $1,000. When the man wrote the check, Vesco further shamed him by auctioning the draft to the crowd for $200. He bought houses in Costa Rica and Switzerland, a yacht and a Boeing 707, which he outfitted with an office, bedrooms and a discotheque. To the annoyance...
...reason to log on that could also make somebody rich, very rich. The Internet reaches tens of millions of people around the world, and it's growing faster than a Las Vegas bar tab. Many of the folks who roam the networks may like to place a wager from time to time, especially from the comfort of home or an office computer. The smell of all those suckers with money to burn has attracted dozens of would-be Bugsy Siegels, all of them racing to set up Internet sites. Analysts say legalized online gambling could be a $10 billion...
...Belize is considering legislation that would make it the Monte Carlo of cybergambling. "Everyone says it's a banana republic over there, and no one will regulate," says Kerry Rogers, who runs an offshore operation called WagerNet. Rogers maintains, however, that if the Belize National Assembly ratifies the Computer Wager Licensing Act later this month, online betting parlors will be monitored by local officials who would guarantee that the casino hard drives aren't loaded...
...rent out the Biltmore Garage. The infamous Sky Masterson (Joel Kurtzberg) breezes into town on his way to Cuba, claiming, amongst other things, that he can get "any doll to Havana" that Detroit names. Detroit, desperate for cash, bets $1,000 on a militant missionary named Sarah Brown. Their wager launches the requisite musical love story...
...late November or December, Leeson decided to wager that the Nikkei index would not drop below about 19,000 points on March 10, 1995. It seemed to be a safe bet: the Japanese economy was already rebounding after a 30-month recession. Using the account No. 88888 also had a special advantage, one that Leeson had probably learned about in his old back-office job in London when he made sure cash flowed into the right accounts. Both Osaka and Singapore demand prompt margin payments on contracts-that is, the difference between what the contracts were sold for and their...