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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