HIGH FINANCE: Risk Capital

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Monte Carlo's Casino, out for the U.S. dollar, decided that the way to get it was in a good old American way. Last week, Louis Ceresol, boss of the money-losing Casino (TIME, May 3), and one of his croupiers visited Las Vegas and Reno, Nev. to learn how to shoot craps.

Ceresol and his assistant planned to spend a week studying "the new dignity of modern gambling"—and Nevada's odds. With a movie camera and a tape recorder, they took down the patter and actions around dice tables, hoped to use it to teach Monte Carlo's croupiers to talk and act like those in Nevada. Ceresol had his doubts that fast and reckless craps would ever appeal to the dignified European gambler. For that matter, Monte Carlo's rules would not be too appealing to Americans. Said Ceresol: "We will take back your game, but not your odds." In Nevada, the house percentage is 1.4%; in Monte Carlo, it will be 8%.