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

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Today in entertainment history: March 30

FILE - In this March 2, 2014 file photo, Bono arrives at the Oscars at the Dolby Theatre in Los Angeles. A New York City doctor says U2 singer Bono suffered multiple fractures and had to have two surgeries after his weekend bicycle accident. Orthopedic trauma surgeon Dr. Dean Lorich says Bono underwent a five-hour surgery on his elbow in which three plates and 18 screws were inserted on Sunday night. Bono had another surgery to repair a fracture to his left pinkie on Monday. Lorich says Bono will need therapy but a full recovery is expected.

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

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This weekend in entertainment history

rainman

A look back on some of Hollywood's most memorable headlines.

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This week’s top pop songs

markronson

LISTEN: This week's top pop songs, according to the latest Billboard chart.

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Angelina Jolie crowned world’s top feminist icon

Angelina Jolie arrives at the 20th annual Critics' Choice Movie Awards at the Hollywood Palladium on Thursday, Jan. 15, 2015, in Los Angeles.

Angelina Jolie and Emma Watson top the list of the world's foremost feminist icons.

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Celebrities protest new Indiana law

George Takei poses for a portrait at Quaker Good Energy Lodge with GenArt and the Collective , during the Sundance Film Festival, on Saturday, Jan. 18, 2014 in Park City, Utah.

Celebrities call for an Indiana boycott after the passing of a controversial law that could lead to discrimination against gay couples.