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Wallace Groves
Wallace Groves (–30 January 1988) was a prominent financier, who, after his release from federal prison in 1944, moved to the Bahamas and there founded and operated the free trade zone, resort, and casino development Freeport, Bahamas, Freeport on Grand Bahama, Grand Bahama Island. Investigators of U.S. organized crime associate him with the Meyer Lansky syndicate operating offshore casinos from Miami Beach. These ties notwithstanding, he is credited with being a driving force in the development of the modern Economy of the Bahamas, Bahamian economy. Early career Born in (or around) 1901, Groves made an early career in complex financial transactions on Wall Street. Virginia-born, he reportedly came to New York from Baltimore, where he was a bond salesman. His obituary noted that "as a young, flashy, and successful investor, he was involved in several businesses and had controlling interests in several others, including the United Cigar Stores, United Cigar Store and the Whelan Dru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financier
An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Types of investments include equity, debt, securities, real estate, infrastructure, currency, commodity, token, derivatives such as put and call options, futures, forwards, etc. This definition makes no distinction between the investors in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns stock is a shareholder. Types of investors There are two types of investors: retail investors and institutional investors. Retail investor * Individual investors (including trusts on behalf of individuals, and umbrella companies formed by two or more to pool investment funds) * Angel investors (individuals and groups) * Sweat equity investor Ins ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hawksbill Creek Agreement
{{Refimprove, date=September 2009 The Hawksbill Creek Agreement named in honour of the Hawksbill Sea Turtle was an agreement signed in 1955 between the government of the Bahamas and Wallace Groves to establish a city and free trade zone on Grand Bahama Island with an aim of spurring economic development in the area. Groves was granted 50,000 acres (200 km²) of land with an option of adding 50,000 acres (200 km²). The Grand Bahama Port Authority was created to develop and administer the land and thus the city of Freeport was planned and built from scratch. To encourage investment, the agreement allowed the port authority not to pay taxes on income, capital gains, real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ..., and private property until 1985—a provision ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic Acceptance Corporation
Atlantic Acceptance Corporation, Ltd. was an Oakville, Ontario-based finance company. It collapsed in June 1965 in one of the biggest financial scandals in Canada at that time, with an estimated $65 million loss to investors. Background Atlantic Acceptance was a finance company specializing in commercial, real estate and auto loans. It began business in 1953 and was eventually headed by Campbell Powell Morgan, a chartered accountant living in Toronto's Lawrence Park district. Control of Atlantic came to be held by Lambert International, headed by financier Jean Lambert. The company experienced fast growth in the early 1960s, with sales increasing from $25 million in 1960 to $176 million in 1964. It became the sixth largest sales finance company in Canada in 1965, with assets of $150 million. Through Lambert's connections on Wall Street, the company attracted loans from major banks, pension funds, universities and other investors such as United States Steel and Carnegie Pens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dino Cellini
Dino Cellini, (November 19, 1914 – November 2, 1978) ran casinos for New York mobster Meyer Lansky in Havana, Cuba during the late 1950s and early 1960s. Cellini later ran casinos in the Bahamas and the United Kingdom. Early years Dino Vicente Cellini, is the son of an Italian barber who immigrated to the U.S. Cellini had three brothers, Edward, Goffredo & Bobby, and a sister Julia. Cellini grew up in the steel mill town of Steubenville, Ohio during the Depression years. As a youngster, Cellini worked at Rex's Cigar Store as a dice/craps casino dealer and croupier with singer Dean Martin, then known as Dean (Dino) Crocetti. Career in Gambling During this era, many cigar stores in Steubenville were fronts for mob rackets; bookmaking, numbers, pool, illegal drinking, and illegal gambling rackets. Steel mill workers from Steubenville and nearby Youngstown, Ohio would frequent these stores after their shifts, spending their meager paychecks for this entertainment. Craps and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic City, New Jersey
Atlantic City, often known by its initials A.C., is a coastal resort city in Atlantic County, New Jersey, United States. The city is known for its casinos, boardwalk, and beaches. In 2020, the city had a population of 38,497.QuickFacts Atlantic City city, New Jersey . Accessed November 9, 2022. It was incorporated on May 1, 1854, from portions of and [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Resorts International
Resorts International was a hotel and casino company. From its origins as a paint company, it moved into the resort business in the 1960s with the development of Paradise Island in the Bahamas, and then expanded to Atlantic City, New Jersey with the opening of Resorts Casino Hotel in 1978. After the death of its longtime chairman, James Crosby, in 1986, the company was briefly controlled by Donald Trump, before being acquired by Merv Griffin in 1988. It was acquired by Sun International in 1996. History Development in Bahamas and Atlantic City (1958–1986) In 1958, the Mary Carter Paint Company, a New Jersey paint manufacturer, was acquired by a group of investors. James Crosby, son of one of the investors, was appointed to lead the company. With its paint business on the decline, Mary Carter sought to diversify into the land development business. It acquired 1,200 acres of land near Freeport, Bahamas in 1962, followed by a 75 percent interest in Paradise Island in 1966. The c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moe Dalitz
Morris Barney Dalitz (December 25, 1899 – August 31, 1989) was an American gangster, businessman, casino owner, and philanthropist. He was one of the major figures who shaped Las Vegas in the 20th century. He was often referred to as "Mr. Las Vegas". Early life Dalitz was born on December 25, 1899, in Boston, Massachusetts, to Jewish parents, Barnet "Bernard" Dalitz (b. May 8, 1874 in Austria) and Anna Cohen (b. October 1876 in Austria). He was raised in Michigan. He worked in his family's laundry business early on, but began his career in bootlegging when Prohibition began in 1919, and capitalized on his access to the laundry trucks in the family business. Additionally, he developed a partnership with the Maceo syndicate which ran Galveston and supplied liquor from Canada and Mexico. Though he admitted under oath that he had been a bootlegger and had operated illegal gambling houses, Dalitz was never convicted of a crime. During Senator Estes Kefauver's committee hearings inv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
San Diego County
San Diego County (), officially the County of San Diego, is a county in the southwestern corner of the U.S. state of California. As of the 2020 census, the population was 3,298,634, making it California's second-most populous county and the fifth-most populous in the United States. Its county seat is San Diego, the second-most populous city in California and the eighth-most populous city in the United States. It is the southwesternmost county in the 48 contiguous United States, and is a border county. It is also home to 18 Native American tribal reservations, the most of any county in the United States. San Diego County comprises the San Diego-Chula Vista-Carlsbad, CA Metropolitan Statistical Area, which is the 17th most populous metropolitan statistical area and the 18th most populous primary statistical area of the United States as of July 1, 2012. San Diego County is also part of the San Diego–Tijuana transborder metropolitan area, the largest metropolitan area shar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fontainebleau Miami Beach
The Fontainebleau Miami Beach (also known as Fontainebleau Hotel) is a hotel in Miami Beach, Florida. Designed by Morris Lapidus, the luxury hotel opened in 1954. In 2007, the Fontainebleau Hotel was ranked ninety-third in the American Institute of Architects list of "America's Favorite Architecture". On April 18, 2012, the AIA's Florida Chapter ranked the Fontainebleau first on its list of ''Florida Architecture: 100 Years. 100 Places''. The Fontainebleau Miami Beach is located on Collins Avenue and is owned by the Soffer family controlled Fontainebleau Resorts. History The hotel was built by hotelier Ben Novack on the grounds of the former Harvey Firestone estate. Novack owned and operated the hotel until its bankruptcy in 1977. The Fontainebleau is noted for its victory in the landmark 1959 Florida District Courts of Appeal decision, ''Fontainebleau Hotel Corp. v. Forty-Five Twenty-Five, Inc.'' 114 So. 2d 357, in which the Fontainebleau Hotel successfully appealed an inju ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Magazine
''Life'' was an American magazine published weekly from 1883 to 1972, as an intermittent "special" until 1978, and as a monthly from 1978 until 2000. During its golden age from 1936 to 1972, ''Life'' was a wide-ranging weekly general-interest magazine known for the quality of its photography, and was one of the most popular magazines in the nation, regularly reaching one-quarter of the population. ''Life'' was independently published for its first 53 years until 1936 as a general-interest and light entertainment magazine, heavy on illustrations, jokes, and social commentary. It featured some of the most notable writers, editors, illustrators and cartoonists of its time: Charles Dana Gibson, Norman Rockwell and Jacob Hartman Jr. Gibson became the editor and owner of the magazine after John Ames Mitchell died in 1918. During its later years, the magazine offered brief capsule reviews (similar to those in ''The New Yorker'') of plays and movies currently running in New York City, b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Bahamian Party
The United Bahamian Party (UBP) was a major political party in the Bahamas in the 1950s and 1960s. Representing the interests of the white oligarchy known as the Bay Street Boys, it was the ruling party between 1958 and 1967.Dieter Nohlen (2005), ''Elections in the Americas: A data handbook, Volume I'', p. 73. It was led by Roland Theodore Symonette. History It was established in 1956 as the Christian Democratic Party to oppose the black-dominated Progressive Liberal Party, which had emerged as the largest party in the 1956 elections with six seats, although 22 MPs had been elected as independents. Following the 1958 general strike, it was renamed the United Bahamian Party.Plural Political Parties in the Bahamas - Pt. 2 ''The Nassau Guardian'',7 December 2015 [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
