This idiot lost $112 million gambling at Harrah's Casinos in Vegas in 2007! - GoFuckYourself.com

Ethersync · 06-14-2010, 05:31 AM

Incredible...

Quote:

High-roller?s lawyers try to dismiss casino debt case

Lawyers for a high-rolling Nebraska gambler are seeking to dismiss criminal charges in Las Vegas stemming from nearly $15 million in gambling debts, saying the district attorney has a conflict of interest and has acknowledged the gambler didn't intend to defraud the casinos.

Lawyers for 53-year-old Terrance "Terry" Watanabe filed two motions late Friday in Clark County District Court.

One says Watanabe didn't intend to defraud Harrah's Entertainment Inc. because he had sufficient funds to cover the 38 casino markers he took out. Another says the district attorney's office has a conflict of interest in the case because it stands to make a fee for recovering the money.

Watanabe has pleaded not guilty to theft and bad check charges.

http://www.lasvegassun.com/news/2010...ino-debt-case/

Sosa · 06-14-2010, 05:37 AM

Been a news story around here for a while now. Guy had tons of money but loved gambling.

Ethersync · 06-14-2010, 05:42 AM

Quote:

Originally Posted by Sosa

Been a news story around here for a while now. Guy had tons of money but loved gambling.

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.

...

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.

...

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.

...

"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."

http://www.aolnews.com/nation/articl...llion/19484827

bloggerz · 06-14-2010, 05:47 AM

damn he sucks

Agent 488 · 06-14-2010, 05:49 AM

never seen an asian gamble. sounds fake.

Rangermoore · 06-14-2010, 05:54 AM

I was working a Caesars Palace when all this went down.. I had many interactions with him, and have been to his room on the 46th floor many times. He always treated me good but the casino ALWAYS kept him high and drunk.. It was put out by Harrahs corp that "You never say no to Mr Watanabe, If you do then you will be fired"

Jarmusch · 06-14-2010, 05:55 AM

After $100M one would think he would start entertaining the possibility that he may have a mild gambling problem.

Still, it was very nice of him to donate his millions to the wealthy casino owners.

Rangermoore · 06-14-2010, 05:57 AM

Quote:

Originally Posted by Jarmusch

After $100M one would think he would start entertaining the possibility that he may have a mild gambling problem.

Still, it was very nice of him to donate his millions to the wealthy casino owners.

A couple of hundred million is nothing to him at the time I knew him he was worth about 5 billion...

Agent 488 · 06-14-2010, 06:03 AM

http://en.wikipedia.org/wiki/Oriental_Trading_Company

In 2000, Watanabe sold his entire stake in the company to Los Angeles-based private equity firm Brentwood Associates, and resigned as CEO and President. [1] Watanabe is alleged to have had alcohol and gambling problems resulting in losing US$204 million to the Rio and Caesar's Palace in Las Vegas in 2007. [3] Harrah's, which owns the two casinos, derived 5.6% of its revenues that year from Watanabe. He has paid $112 million but refused to pay the rest prompting Harrah's to file criminal charges against Watanabe. [4]

Jon Oso · 06-14-2010, 06:26 AM

Quote:

Originally Posted by Agent 488

http://en.wikipedia.org/wiki/Oriental_Trading_Company

In 2000, Watanabe sold his entire stake in the company to Los Angeles-based private equity firm Brentwood Associates, and resigned as CEO and President. [1] Watanabe is alleged to have had alcohol and gambling problems resulting in losing US$204 million to the Rio and Caesar's Palace in Las Vegas in 2007. [3] Harrah's, which owns the two casinos, derived 5.6% of its revenues that year from Watanabe. He has paid $112 million but refused to pay the rest prompting Harrah's to file criminal charges against Watanabe. [4]

That's pretty fucking gangster. If you have that much money that after 112 million you're basically like "fuck you come get the rest" ... although I don't agree with it - that's pretty ballsy.

slayer69 · 06-14-2010, 08:45 AM

shit. wish he played online assigned to one of my accounts. Could have used the revshare from the 112 million.

Fbomb - BANNED FOR LIFE · 06-14-2010, 08:50 AM

I buy their shit all the time for parties.

_Richard_ · 06-14-2010, 08:50 AM

the DA receives a fee for collection?

sortie · 06-14-2010, 08:52 AM

Wow, I can't imagine being mad at someone who lost $200 Million to me.

06-14-2010, 08:53 AM

i'd of got myself some hair implants if i was him.

did he have the cash or did he gamble knowing he didnt have it?

Paul Markham · 06-14-2010, 08:59 AM

We need guys like him buying porn.

David! · 06-14-2010, 09:01 AM

Quote:

Originally Posted by slayer69

shit. wish he played online assigned to one of my accounts. Could have used the revshare from the 112 million.

Damn, can you imagine if that would actually happen

Dirty Lord · 06-14-2010, 09:06 AM

LOL

candyflip · 06-14-2010, 09:08 AM

Quote:

Originally Posted by Altwebdesign

i'd of got myself some hair implants if i was him.

did he have the cash or did he gamble knowing he didnt have it?

He's worth about $5 Billion someone said. Everyone knows he has the money.

slayer69 · 06-14-2010, 09:09 AM

Quote:

Originally Posted by MCO_David

Damn, can you imagine if that would actually happen

I've heard some great whale stories from top affiliates. Sending their kids through college...

David! · 06-14-2010, 09:12 AM

Quote:

Originally Posted by slayer69

I've heard some great whale stories from top affiliates. Sending their kids through college...

Yeah, I know of some guys who got lucky with whales in gaming and webcams, but do you think a casino would keep on paying commission once it reaches such ridiculous amount like $100+ millions ?

SomeCreep · 06-14-2010, 10:16 AM

Quote:

Originally Posted by Ethersync

Incredible...

LAJ · 06-14-2010, 12:14 PM

Wonder if he's any relation to Geddy Watanabe... the "donger"...

nikki99 · 06-14-2010, 12:20 PM

Quote:

Originally Posted by Agent 488

never seen an asian gamble.

nice point

fris · 06-14-2010, 12:44 PM

his face loooks like a can of smashed assholes

MaDalton · 06-14-2010, 12:48 PM

he can be happy when they only sue him - in "old" Las Vegas he'd be wearing concrete shoes at the bottom of Lake Mead

96ukssob · 06-14-2010, 12:50 PM

Quote:

Originally Posted by MaDalton

he can be happy when they only sue him - in "old" Las Vegas he'd be wearing concrete shoes at the bottom of Lake Mead

seriously. no wonder why im not getting as many free comps as i used to now... that guy has them all

JFK · 06-14-2010, 12:50 PM

Quote:

Originally Posted by candyflip

He's worth about $5 Billion someone said. Everyone knows he has the money.

WAS worth .................

Scott McD · 06-14-2010, 01:01 PM

Quote:

Originally Posted by SomeCreep

Hahaha!

goodboi · 06-14-2010, 01:03 PM

Quote:

Originally Posted by Ethersync

Yeah, I see it's an update on an ongoing case. Here it says he lost over $200 million.

http://www.aolnews.com/nation/articl...llion/19484827

He looks like guy not to mess with. Emocionally shallow, balls of steel and still loads of money. ;)

Jarmusch · 06-14-2010, 01:10 PM

Quote:

Originally Posted by Altwebdesign

i'd of got myself some hair implants if i was him.

His hair got that thin after he lost the $200 millions. Give him some time.

Rangermoore · 06-14-2010, 01:15 PM

Quote:

Originally Posted by Paul Markham

We need guys like him buying porn.

LOL... The casino hosts kept him well stocked with all the young ( over 21 ) blond males he could handle... I remember one of them being an asshole making all kinds of crazy demands.. But the hotel still complied... Watanabe would trade guys about every 2 weeks or so...

L-Pink · 06-14-2010, 01:26 PM

" He alleges the company encouraged him to gamble while intoxicated."

Anyone here ever gamble sober?

.

dirtybaker1331 · 06-14-2010, 01:39 PM

Quote:

Originally Posted by Agent 488

never seen an asian gamble. sounds fake.

You must not gamble much. Maybe that's sarcasm? Must be sarcasm.

Ethersync · 06-14-2010, 01:41 PM

Quote:

Originally Posted by Rangermoore

LOL... The casino hosts kept him well stocked with all the young ( over 21 ) blond males he could handle... I remember one of them being an asshole making all kinds of crazy demands.. But the hotel still complied... Watanabe would trade guys about every 2 weeks or so...

If you have a blog you should write up a whole blog post about all the shit you saw with this guy. I bet it would go viral and could get picked up the local Vegas media.

jmk · 06-14-2010, 01:51 PM

I suppose he did not call 1-800-GAMBLER

Ravage · 06-14-2010, 01:54 PM

Quote:

Originally Posted by slayer69

shit. wish he played online assigned to one of my accounts. Could have used the revshare from the 112 million.

He does play online, but not nearly as much as in a casino. He was up around the $5 million in purchases mark for the online gaming company I worked for.

dyna mo · 06-14-2010, 01:55 PM

i don't understand why he would need all those markers if he is so loaded. i don't gamble though so i don't know how that all works. but 38 markers at one casino, certainly someone should get fired for extending that kind of credit eh.

GTS Mark · 06-14-2010, 03:54 PM

jesus this guy really is a high roller! Unreal!

tiger · 06-14-2010, 04:04 PM

If you have a 112 million why gamble in the first place?

Rangermoore · 06-15-2010, 01:32 AM

Quote:

Originally Posted by dyna mo

i don't understand why he would need all those markers if he is so loaded. i don't gamble though so i don't know how that all works. but 38 markers at one casino, certainly someone should get fired for extending that kind of credit eh.

I agree.. In his room there is a safe that looks just like a walk in bank vault.. The amount of cash I saw in there was un-fucking real..! All CASH... He would walk around with a backpack with around 8-10 million in it for a nights worth of gambling... I used to say to him "Your crazy to carry around that kind of money" He would just laugh and say " It's only money, I have a lot more where that came from" I must admit he was a very nice guy and always treated me good...

EliteWebmaster · 06-15-2010, 01:36 AM

Quote:

Is it me or does he look like Michael Schumacher....an uglier oriental version?

scarlettcontent · 06-15-2010, 02:37 AM

who broke his nose?

fuzzylogic · 06-15-2010, 02:53 AM

Quote:

Originally Posted by Rangermoore

I agree.. In his room there is a safe that looks just like a walk in bank vault.. The amount of cash I saw in there was un-fucking real..! All CASH... He would walk around with a backpack with around 8-10 million in it for a nights worth of gambling...

10 million dollars can fit into a backpack???

Manowar · 06-15-2010, 03:19 AM

that guy is a true fucking baller

ottopottomouse · 06-15-2010, 04:12 AM

Quote:

Originally Posted by tiger

If you have a 112 million why gamble in the first place?

It's not gambling in the normal sense of starting small and trying to win big it's just spending time doing something you enjoy doing - expensively.

MissMina · 06-15-2010, 07:38 AM

Dumb fuck. Why not invest instead of gambling it all away? That's ALOT of loot.

dyna mo · 06-15-2010, 07:46 AM

weird how some of you are calling him a dumb fuck/ idiot. he's the one worth 5 billion, gambling 100+ million of someone else's money.

06-14-2010, 05:47 AM	#4
bloggerz Too lazy to set a custom title Industry Role: Join Date: Dec 2006 Posts: 16,256	damn he sucks __________________ I SELL ADULT BACKLINKS! Email: eroticweb>gmail SKYPE: gfybloggerz $$$$$ MAKE HUGE MONEY IN CAMS - CLICK HERE $$$$$

06-14-2010, 08:52 AM	#14
sortie Confirmed User Industry Role: Join Date: Mar 2007 Posts: 7,771	Wow, I can't imagine being mad at someone who lost $200 Million to me. __________________

06-14-2010, 08:59 AM	#16
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	We need guys like him buying porn. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

06-14-2010, 09:06 AM	#18
Dirty Lord Confirmed User Join Date: Nov 2007 Posts: 2,681	LOL __________________

06-14-2010, 12:14 PM	#23
LAJ Gingerific Industry Role: Join Date: Jun 2001 Location: Austin Posts: 5,567	Wonder if he's any relation to Geddy Watanabe... the "donger"... __________________ YNOT.com - The original industry resource email jay at ynot dot com or skype LAJConsulting

06-14-2010, 05:37 AM	#2
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	Been a news story around here for a while now. Guy had tons of money but loved gambling.

06-14-2010, 05:49 AM	#5
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	never seen an asian gamble. sounds fake.

06-14-2010, 05:54 AM	#6
Rangermoore Confirmed User Industry Role: Join Date: Jan 2009 Location: EVERYWHERE Posts: 1,541	I was working a Caesars Palace when all this went down.. I had many interactions with him, and have been to his room on the 46th floor many times. He always treated me good but the casino ALWAYS kept him high and drunk.. It was put out by Harrahs corp that "You never say no to Mr Watanabe, If you do then you will be fired"

06-14-2010, 05:55 AM	#7
Jarmusch Industry Role: Join Date: May 2003 Posts: 12,464	After $100M one would think he would start entertaining the possibility that he may have a mild gambling problem. Still, it was very nice of him to donate his millions to the wealthy casino owners.

06-14-2010, 06:03 AM	#9
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	http://en.wikipedia.org/wiki/Oriental_Trading_Company In 2000, Watanabe sold his entire stake in the company to Los Angeles-based private equity firm Brentwood Associates, and resigned as CEO and President. [1] Watanabe is alleged to have had alcohol and gambling problems resulting in losing US$204 million to the Rio and Caesar's Palace in Las Vegas in 2007. [3] Harrah's, which owns the two casinos, derived 5.6% of its revenues that year from Watanabe. He has paid $112 million but refused to pay the rest prompting Harrah's to file criminal charges against Watanabe. [4]

06-14-2010, 08:45 AM	#11
slayer69 Confirmed User Join Date: Oct 2008 Posts: 626	shit. wish he played online assigned to one of my accounts. Could have used the revshare from the 112 million.

06-14-2010, 08:50 AM	#12
Fbomb - BANNED FOR LIFE So Fucking Banned Join Date: May 2010 Location: Mexifornia Posts: 970	I buy their shit all the time for parties.

06-14-2010, 08:50 AM	#13
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,989	the DA receives a fee for collection?

06-14-2010, 08:53 AM	#15
Altwebdesign Guest Posts: n/a	i'd of got myself some hair implants if i was him. did he have the cash or did he gamble knowing he didnt have it?

06-14-2010, 12:44 PM	#25
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,372	his face loooks like a can of smashed assholes __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

06-14-2010, 12:48 PM	#26
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,829	he can be happy when they only sue him - in "old" Las Vegas he'd be wearing concrete shoes at the bottom of Lake Mead __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

06-14-2010, 01:26 PM	#33
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	" He alleges the company encouraged him to gamble while intoxicated." Anyone here ever gamble sober? .

06-14-2010, 01:51 PM	#36
jmk Confirmed User Industry Role: Join Date: Sep 2002 Posts: 5,391	I suppose he did not call 1-800-GAMBLER

06-14-2010, 01:55 PM	#38
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 65,481	i don't understand why he would need all those markers if he is so loaded. i don't gamble though so i don't know how that all works. but 38 markers at one casino, certainly someone should get fired for extending that kind of credit eh.

06-14-2010, 03:54 PM	#39
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	jesus this guy really is a high roller! Unreal!

06-14-2010, 04:04 PM	#40
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	If you have a 112 million why gamble in the first place? __________________

06-15-2010, 02:37 AM	#43
scarlettcontent www.scarlettcontent.net Industry Role: Join Date: Mar 2006 Location: Pleiades Posts: 6,031	who broke his nose? __________________ Scarlett Content - Adult Content Provider - High Quality Adult Stock Content for your Websites, Mobile Media and Print. Over 3 Million Images (14,000 photo sets) over 5000 Videos - Many Niches, US-2257, Awesome Prices. Over 40 years in the adult industry. [email protected] Follow us on twitter.

06-15-2010, 03:19 AM	#45
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	that guy is a true fucking baller

06-15-2010, 07:38 AM	#47
MissMina Confirmed User Industry Role: Join Date: Jan 2004 Posts: 2,478	Dumb fuck. Why not invest instead of gambling it all away? That's ALOT of loot.

06-15-2010, 07:46 AM	#48
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 65,481	weird how some of you are calling him a dumb fuck/ idiot. he's the one worth 5 billion, gambling 100+ million of someone else's money.