06-14-2010, 05:42 AM
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Confirmed User
Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
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Quote:
Originally Posted by Sosa
Been a news story around here for a while now. Guy had tons of money but loved gambling.
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Yeah, I see it's an update on an ongoing case. Here it says he lost over $200 million.
Quote:
Vegas' Biggest Loser's Losses Now Over $200 Million
In a lawsuit filed last year against Harrah's Entertainment, Watanabe's lawyers acknowledged that the Omaha, Neb., philanthropist had lost the astounding sum of $127 million. But now that his attorneys have examined casino records handed over in discovery, they say he lost far more: a staggering $204 million in a single year at two Harrah's casinos, the Rio and Caesars Palace.
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He faces as much as 28 years in prison under a unique Nevada law that allows the Clark County district attorney's office to recover a casino's bad debts. The district attorney's office receives a 10 percent cut of any money it recovers.
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O'Donnell contends the casino violated Nevada law by allowing Watanabe to gamble while he was intoxicated and plying him with prescription painkillers without a doctor's order.
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"It boggles my mind that they would want to make this a criminal charge when the guy has given them that much already," Thompson said. "It just shows our industry is in a greedy position when we are trying to soak a guy for that much."
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http://www.aolnews.com/nation/articl...llion/19484827 |
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