Magazine content is available exclusively for TIME subscribers.CORPORATIONS: Blue-Chip Blues
No one ever broke the bank at Monte Carlo, but last week the management of the famed gambling Casino felt as if someone had. For the second time in its 85 years, it was in the red. In its last fiscal year, the Casino lost some 136,000,000 francs (about $450,000 at current rates), almost twice as much as in its other red-ink year, 1936-37.
Stockholders of the Société des Bains de Mer et du Cercle des Etrangers à Monaco (Sea Bathing and Foreigners' Club of Monaco), which runs the Casino, got the news at a meeting in the Casino's ornate...
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