Gambler who lost $112 million sues casino!

britexpat
By britexpat

Terry Watanabe, 52, says he lived and gambled "non-stop" at Caesars Palace for six months in 2007, spending a fortune on roulette and slot machines.

After an epic losing streak, he ran up gambling debts of around $15 million (£9 million) and was subsequently charged with theft, to which he has pleaded not guilty.

Mr Watanabe is countering the criminal charges with a civil suit in which he accuses Harrah's, the owners of Caesars Palace, of fraud, breach of contract, conspiracy and negligence.

He claims company executives manipulated him with a "secret intention" of siphoning off his wealth.

He has also filed a complaint with the Nevada Gaming Control Board and says he staked a total of more than $825 million (£495 million) in 2007 at Caesars Palace and the Rio casino, also owned by Harrah's The complaint says: "Mr Watanabe was an obvious gambling addict and Caesars and Harrah's senior management made a conscious decision to exploit his well-known addiction."

Mr Watanabe alleges that casino employees provided him with prescription painkillers that, combined with an endless flow of alcohol, "rendered him utterly intoxicated and unfit to gamble."

Telegraph

By phoenix2009• 21 Nov 2009 11:28
phoenix2009

let's see if he'll get his case to win, then i'll fly TO VEGAS :)

Yalla!

By anonymous• 21 Nov 2009 11:28
anonymous

I am "unfit to gamble" when I'm sober.

By Arien• 21 Nov 2009 11:23
Arien

Fool f an AAA

Universal stati says = 96% casino wins , still people take chance ofr the 4% lol

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- God Gives n Forgivs .. We Gets n Forgets -

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