Word: casino
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Dates: during 1980-1989
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...Willemstad, the sunny Caribbean capital of the Netherlands Antilles, a banker ushers an American visitor through a hotel casino and into a dining room overlooking the harbor. During refreshments, the prospective customer says he expects a six-figure cash windfall soon and would like to bring the money "quietly" into the U.S. At first the banker responds cautiously. "This money isn't, ah, tainted, is it?" When the American assures him it is not, the officer of the Curacao branch of the French-owned Credit Lyonnais Nederland smiles and orders another tonic water. In that case, says the banker...
Keating, the Phoenix businessman who is accused of using Lincoln as a private casino, is emblematic of the nation's $300 billion-plus S & L disaster. But he has no dearth of accomplices. There are the so-called Keating Five -- Senators Dennis DeConcini and John McCain of Arizona, John Glenn of Ohio, Donald Riegle of Michigan and Alan Cranston of California -- who received $1.3 million in contributions from Keating and went to bat for him against federal regulators. The five sank deeper into trouble last week when the Senate ethics committee appointed outside counsel to investigate. The FBI also expanded...
Correspondent Priscilla Painton had been in New York City only a few months when it began to dawn on her that perhaps all roads led to Atlantic City. When Gaddafi-linked terrorists threatened to attack the U.S., what city were they rumored to have chosen? When casino owner Donald Trump insulted hotel queen Leona Helmsley, what were they fighting over? When Cher made a concert tour comeback after eight years, where did she open? The answer every time: Atlantic City. So Painton set out to discover the lure. "The only thing I knew about Atlantic City was that Louis Malle...
...qualify as a high roller, Painton could hardly have reported and written our story on one of America's gambling capitals without sampling a bit of the action. Estimated slot-machine losses in the course of two evenings: $50. But Painton did taste one of the luxuries the casinos lavish on their best customers. With all its regular rooms occupied, Bally's Grand Casino Hotel one evening assigned her to a suite with a Jacuzzi and a TV hidden in a marble plinth. Unhappily, the upgrade did not result in a night of rest. Explains Painton...
COVER: When casino gambling came to Atlantic City, residents rejoiced. Now a town known for fleecing suckers looks like the victim...