There Are Winners and Then There Are Record Breaking Losers.....

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    Last post ago over 4 years by Cat50
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        Thanks for this post from:

        • 9s1jj83
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        Here is the biggest casino loser of all time......



        Terry Watanabe lost over $120 million in 2007 and $205 million in total. The Chinese businessman acquired his wealth running his father’s Oriental Trading Co. in Omaha, Nebraska until he sold in 2000 and made a fortune..

        Some of his play on the blackjack table was notoriously bad as he would sit playing three hands simultaneously on the $50,000 limit table, often hitting even when he was on twenty, hoping for an ace.

        Caesars Palace ended up suing him for $15m in unpaid debt despite having taken over a hundred million dollars from him already!

        Watanabe filed a 19 page civil suit to counter the criminal charges, in which he alleges Harrah’s, the owners of Caesars Palace, supplied him with prescription drugs and alcohol with a “secret intention” of keeping him gambling and siphoning off his wealth.

        Who do you think has more greed, the casino or Watanabe?




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        Ouch, the guy did lose quite a bit of money indeed! But his claims sound ridiculous to me, he obviously is an avid gambler and I don't think that the casinos needed to drug him in order to keep him glued to the blackjack table.
      • 9s1jj83
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          Mighty! Member
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        • 2d4818989f1ca7ccfaccc9b2527a6916
        I'm with you Johnny! If this guy hits 20's hoping for an ace on bets of that size, he doesn't need any drugs or alcohol. He is addicted to keep coming back with losses like that...

        I noticed that he got all that money from running daddy's company, so it was not his own sweat and hard work that got him the money in the first place... easy come, easy go I guess!

        A fool and his money are soon parted!

        Thanks for the thread lips!

        katt
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        :O $205 million that's crazy... this is another prove that value of money can only be appreciated once we work hard to earn it. I also don't think that he was drugged but I'm sure he drank a lot and he's gonna drink much more. 

        Wow, I can't believe it, $205 million....
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        Greed on both their parts by the sounds of it.  He must have been gambling 24/7 to lose that kind of money. 

        When you think what he could have done with it.

        Sorry state to be in.

        blue
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        Google this guy and read the whole story, the Casino did some pretty shady crap to keep him at the tables......
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        Um I've worked for Harrahs before and none of the Casino Hosts give or supply anyone with drugs. It just doesn't work that way. Sure the drinks and food is free, but we don't have pharmacies on hand or drug dealers in our back pockets...at least the female hosts don't.
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          Superstar Member
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        sorry for his loss  8'| now i dont feel so bad when i lose,compared to his amount mine is like piggy bank change

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