Can Hilton Draw A Full House?

Barron Hilton, the normally dour chairman of Hilton Hotels Corp., chuckles as he tells the story. Back in 1946, Las Vegas developer Del Webb, a family friend, was building the Flamingo casino for mobster Bugsy Siegel. When funds ran low, Webb called a meeting to raise more cash from Siegel's shady associates. "This guy from Chicago tells Del he can have some money in three months," Hilton recalls. But "when the cash arrived in just 30 days, Del knew right then that casinos were going to be a great cash-flow business."

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