The Devil's Casino


Book Description

The inside story of what really happened at Lehman Brothers and why it failed In The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, investigative writer and Vanity Fair contributing editor Vicky Ward takes readers inside Lehman's highly charged offices. What Ward uncovers is a much bigger story than Lehman losing at the risky game of collateralized debt obligations, swaps, and leverage. A can't put it down page turner that opens the world of Wall Street to view unlike any book since Bonfire of the Vanities, except that The Devil's Casino isn't fiction. Details what went on behind-the-scenes the weekend Lehman Brothers failed, as well as inside Lehman during the twenty years preceding it Describes the feudal culture that proved both Lehman's strength and its Achilles' heel Written by Vicky Ward, one of today's most connected business and finance writers On Wall Street, Lehman Brothers was cheekily known as "the cat with nine lives." But as The Devil's Casino documents, this cat pushed its luck too far and died?the victim of men and women blinded by arrogance.




Satan's Playground


Book Description

Satan’s Playground chronicles the rise and fall of the tumultuous and lucrative gambling industry that developed just south of the U.S.-Mexico border in the early twentieth century. As prohibitions against liquor, horse racing, gambling, and prostitution swept the United States, the vice industry flourished in and around Tijuana, to the extent that reformers came to call the town “Satan’s Playground,” unintentionally increasing its licentious allure. The area was dominated by Agua Caliente, a large, elegant gaming resort opened by four entrepreneurial Border Barons (three Americans and one Mexican) in 1928. Diplomats, royalty, film stars, sports celebrities, politicians, patricians, and nouveau-riche capitalists flocked to Agua Caliente’s luxurious complex of casinos, hotels, cabarets, and sports extravaganzas, and to its world-renowned thoroughbred racetrack. Clark Gable, Jean Harlow, Louis B. Mayer, the Marx Brothers, Bing Crosby, Charlie Chaplin, Gloria Swanson, and the boxer Jack Dempsey were among the regular visitors. So were mobsters such as Bugsy Siegel, who later cited Agua Caliente as his inspiration for building the first such resort on what became the Las Vegas Strip. Less than a year after Agua Caliente opened, gangsters held up its money-car in transit to a bank in San Diego, killing the courier and a guard and stealing the company money pouch. Paul J. Vanderwood weaves the story of this heist gone wrong, the search for the killers, and their sensational trial into the overall history of the often-chaotic development of Agua Caliente, Tijuana, and Southern California. Drawing on newspaper accounts, police files, court records, personal memoirs, oral histories, and “true detective” magazines, he presents a fascinating portrait of vice and society in the Jazz Age, and he makes a significant contribution to the history of the U.S.-Mexico border.




No Work and All Play


Book Description

The contents of the book describe the many examples of the types of characters and crazy daily episodes that an average person who selects a career in casino hotel management will witness and are part of during a lifetime in such a career. The book is really not about me, but it is a lifetime chronicle of my career where every work day is fun and there is almost never any drudgery. The three most interesting characters in the book are none other than a tycoon named Donald Trump, a Casino Icon named Jack Binion and a baseball legend named Mickey Mantle. The book also describes many other very interesting real-life persons in my career from Mob-connected people to other well known casino operators of their day. Most of these characters are not famous celebrities but their stories are sometimes even more humorous than those of Trump or Mantle. The stories about these people are real and actually happened, although the actual dates may be incorrect in some cases and some of the intricate details may be embellished to improve the stories. None of the tales degrade any of the characters in my book, but I do tell humorous stories about all of them that demonstrate they all have to put their pants on one leg at a time like the rest of us. It is not a text book, but it can serve as a good primer for a person considering making gaming hospitality their career objective. The seven different sections of the book are written to show how a person entering a casino hospitality position might evolve from the lowest level in a casino organization to a very high level of management, and that it generally takes many years to accomplish. It also describes the different relationships that one develops in any type of business and I use real people to illustrate how they each fit into the different types of relationships.




All the Devils Are Here


Book Description

Hailed as "the best business book of 2010" (Huffington Post), this New York Times bestseller about the 2008 financial crisis brings the devastation of the Great Recession to life. As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers? According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, many devils helped bring hell to the economy. All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn't about finance at all; it was about human nature. Just as McLean's The Smartest Guys in the Room was hailed as the best Enron book on a crowded shelf, so will All the Devils Are Here be remembered for finally making sense of the financial meltdown and its consequences.




Casino Life


Book Description

Walking through the doors of a casino can feel like entering a portal into another dimension. A cacophony of electronic and human sounds assaults the ears as you watch people transacting large amounts of money. But this is no ordinary purchasing of goods or services where you quietly wave a card or hand out notes from a purse. Instead, money is swapped for colourful plastic chips that are placed, pushed, and thrown onto gaming tables with seemingly reckless abandon by a wide array of people, young, old, cultured, relaxed, happy, and grim. Phil Watts, as an experienced forensic psychologist, knew a lot about human nature before he walked into his first casino at 40 years of age. He had treated clients with a wide range of difficulties including gambling, yet was still struck by the casino environment — an exciting world with its own culture, pace, rules, social etiquette, and shared expectations. This other world intrigued and surprised him. So, he wrote a book about it. Casino Life will be of interest to those who seeking to know more about casinos and their psychological effects, those who seek to find out why others gamble, and those who do gamble — not as a treatment, but as a window to see what you are doing and how that has an impact upon you. Along the way you will read about why people gamble, why gambling can become addictive and the treatments used to help problem gamblers, as well as the beliefs around gambling and some of the elaborate theories people use to explain why they try to defy mathematical odds. You will also learn about the fascinating cultural and behavioural patterns of everyday casino life.




The Liar's Ball


Book Description

Inside the world of the real Great Gatsby of New York real estate Harry Macklowe is one of the most notorious wheelers and dealers of the real estate world, and Liar's Ball is the story of the gamblers and thieves who populate his world. Watch as Harry makes the gutsy bid for midtown Manhattan's famous GM building and put almost no money down, landing the billion-dollar transaction that made him the poster child for New York's real estate royalty. Listen in on the secret conversations, back-door deals, and blackmail that put Macklowe and his cronies on top—and set them up for an enormous fall. Vanity Fair contributing editor Vicky Ward skillfully paints the often scandalous picture of the giants who owned the New York skyline until their empires came crumbling down in the 2008 financial crisis. Based on more than 200 interviews with real estate moguls like Donald Trump, William Zeckendorf, Mort Zuckerman, and David Simon, Liar's Ball is the never-before-told story of the egomaniacal elites of New York City. Read about: The epic rise and fall of one of the richest American real estate barons Outlandish greed and cravings for power, attention, and love Relationships built and destroyed by vanity and gossip The bursting of the real estate bubble and its aftermath This is no fiction—this is a real life tale of extravagance, ambition, and power. Harry Macklowe ruthlessly clawed his way to the top with the help of his loyal followers, each grubbing for a piece of the real estate pie. Liar's Ball reveals their secrets and tells the tale of business as usual for this group—lying, backstabbing, and moving in for the kill when things look patchy. From the bestselling author of The Devil's Casino comes an expos??? on the real estate elite that you'll hardly believe.




The Devil's Punchbowl


Book Description

From the #1 New York Times bestselling author of the Penn Cage series comes an electrifying thriller that reveals a world of depravity, sex, violence, and the corruption of a Southern town. As a prosecuting attorney in Houston, Penn Cage sent hardened killers to death row. But it is as mayor of his hometown—Natchez, Mississippi—that Penn will face his most dangerous threat. Urged by old friends to try to restore this fading jewel of the Old South, Penn has ridden into office on a tide of support for change. But in its quest for new jobs and fresh money, Natchez, like other Mississippi towns, has turned to casino gambling, and now five fantastical steamboats float on the river beside the old slave market at Natchez like props from Gone With the Wind. But one boat isn't like the others. Rumor has it that the Magnolia Queen has found a way to pull the big players from Las Vegas to its Mississippi backwater. And with them—on sleek private jets that slip in and out of town like whispers in the night—come pro football players, rap stars, and international gamblers, all sharing an unquenchable taste for one thing: blood sport—and the dark vices that go with it. When a childhood friend of Penn's who brings him evidence of these crimes is brutally murdered, the full weight of Penn's failure to protect his city hits home. So begins his quest to find the men responsible. But it's a hunt he begins alone, for the local authorities have been corrupted by the money and power of his hidden enemy. With his family's lives at stake, Penn realizes his only allies in his one-man war are those bound to him by blood or honor: -Caitlin Masters, the lover Penn found in The Quiet Can Game and lost in Turning Angel -Danny McDavitt, the heroic helicopter pilot from Third Degree -Tom Cage, Penn's father and legendary local family physician -Walt Garrity, a retired Texas Ranger who served with Penn's father during the Korean War Together they must defeat a sophisticated killer who has an almost preternatural ability to anticipate—and counter—their every move. Ultimately, victory will depend on a bold stroke that will leave one of Penn's allies dead—and Natchez changed forever. After appearing in two of Iles's most popular novels, Penn Cage makes his triumphant return as a brilliant, honorable, and courageous hero. Rich with Southern atmosphere and marked by one jaw-dropping plot turn after another, The Devil's Punchbowl confirms that Greg Iles is America's master of suspense.




Casino Moscow


Book Description

After awakening from its long communist slumber, Russia in the 1990s was a place where everything and everyone was for sale, and fortunes could be made and lost overnight. Into this free-market maelstrom stepped rookie Wall Street Journal reporter Matthew Brzezinski, who was immediately pulled into the mad world of Russian capitalism -- where corrupt bankers and fast-talking American carpetbaggers presided over the biggest boom and bust in financial history. Brzezinski's adventures take him from the solid-gold bathroom fixtures of Moscow's elite, to the last stop on the Trans-Siberian railway, where poverty-stricken citizens must buy water by the pail from the local crime lord, and back to civilization, to stumble into a drunken birthday bash for an ultra-nationalist politico. It's an irreverent, lurid, and hilarious account of one man's tumultuous trek through a capitalist market gone haywire -- and a nation whose uncertain future is marked by boundless hope and foreboding despair.




Summary of Vicky Ward's The Devil's Casino


Book Description

Please note: This is a companion version & not the original book. Sample Book Insights: #1 On June 7, 2008, George Herbert Walker, a 39-year-old second cousin of then President George W. Bush, and head of Lehman's Investment Management division, was celebrating his marriage to Nancy Dorn, a 31-year-old hedge fund analyst from Texas. The couple had exchanged their vows at New York's City Hall a few weeks earlier. #2 The party was held to celebrate the wedding of George Walker and Nancy Dorn. It was clear that most of the executives at the party were stressed about the company's financial situation. #3 Lehman was founded in 1850 by three cotton trader brothers. The firm expanded after World War II, and under the reign of Bobbie Lehman, who had a Rolodex bursting with names like Whitney, Harriman, and most of the rest of New York's ruling class, it became the gentleman's banking house. #4 After Lehman, the reputation of the firm was still intact. The partners were all rich. In 2007, Fuld was named CEO of the Year by Institutional Investor magazine in the Brokers and Asset Managers category.




The Devil's Casino Code


Book Description

"The casino always wins", surely the BIGGEST LIE in gambling.This book is the cheat sheet of the modern gambler, teaching both simple and intricate systems to beat the casino. You will learn how casinos continuously cheat their players with a delicate set of traps for the gambler to get caught in, and how YOU can cheat THEM!!! No more gambling based on chance, but based on mathematics, loopholes and profits!This book puts together the most effective systems and strategies for the three best-known games, Slot-machines, Roulette and Blackjack, in order for YOU to finally beat the house. Find the patterns that casinos are based on, discover the solutions to increase your odds more than the casinos want you to, learn what they hope you DON'T!!! Systems built around the mistakes casinos have made in the past and keep making in the present, found everywhere, from the games to the casino's structure itself, little details that only a small percentage of gamblers know about, and even fewer have discovered the way to exploit them, mistakes that allow the intelligent player to gain and edge over the house.Brought to you by The Devil's Casino Code, the most functional book on modern gambling.After reading this book you will never enter a casino the same way, because YOU will know what others won't, what the managers don't want you to, because YOU will no longer be an average player, using strategies that actually help the casino take money, instead your footsteps will echo with profesionalism, as a modern gambler.