Tim White

Big Bet….goes bad
Big Bet….goes bad

Jim “Mattress Mack” McIngvale, the CEO of Houston-based Gallery Furniture, lost $7 million on a promotion that promised to give customers who shopped at his stores their money back if the Seattle Seahawks won Sunday.

But the self-described gambler, whose stores have been in business for 32 years, says he’s thrilled: “We already have people sending us videos of them jumping up and down celebrating, so I have no doubt that what we will lose is already worth it to our business.”

Gallery Furniture will provide full refunds to anyone who spent $6,000 or more at the store in the two weeks leading up to the Super Bowl.

News: Recent Headlines

in Entertainment

Today in entertainment history: July 24

Fresh
elton-john

A look back at some of Hollywood's most memorable moments.

in Music

Adele’s toddler son wins big payday over baby pics

adele

The pop star's 19-month-old son wins a five-figure settlement for damages.

in Music

PHOTOS: Get a first look at Beyoncé’s Rock Hall exhibit

AP380685452667_1

Beyoncé's fashion has already taken up a place in the Rock and Roll Hall of Fame, nearly 20 years before she is eligible for admission.

in Entertainment

‘The Best Man’ set for ‘threequel’

bestman

The new film appears to pick up from news Howard's character drops at the end of the "The Best Man Holiday," which was released last November.

in Lifestyle

Target hopes to make shopping a ‘snap’

target

The In a Snap app will let you scan items in magazines and add them to your shopping cart.