Man loses $127 million in Las Vegas….sue's the casino's for letting him play….what a story!

Terrance Watanabe, a party-favor business owner from Omaha, Nebraska,  gambled in Las Vegas for a year in 2007….And lost…..

He lost big…..$127 million, big……

Now he is in trouble…..he paid back $112 million to the gambling houses…..but has now refused to came up with the rest……

As a matter of fact…he is suing Harah’s Entertainment, the parent company  of the two casino’s, Ceaser’s Palace and the Rio, he gambled and lost the money in…..

Oh, it gets better……

Harah’s has gone to the Clark County District Attorney’s office about the failure to receive its money owed (they extended his credit) and that has resulted in Watanabe being charged criminally with four felony charges to defraud the casino’s……

Watanabe bases his defense on ……casino staff routinely plied him with liquor and pain medication as part of a systematic plan to keep him gambling.’

The Nevada gaming rules expressly prohibit casino’s from letting ‘visibly intoxicated ‘gamblers continue to play in its rooms….In the piece, casino employes acknowledge that they knew Watanable was ‘visible intoxicated’ while playing…..

Remember…this money was lost over the period of  a year……

A few other things…..Nevada treats failure to pay off debts as criminal…very few states, if any,  do so….Watanabe is described as very shy, and embraced, but his loses occurred over a year ….he has also gone for medical treatment, and counseling, and has since stopped gambling (as far we know), but has made big-ticket purchases after he stopped gambling (does he have the $12 million owed, and just won’t pay it?)…(or stashed it away?)…casino’s make a lot of money on high rollers, or “whales’,  as they call them in the industry…..and finally, there is a caper were Watanabe fell in his casino room, and the casino’s ‘handler’s may have given him pain-killer drugs….they deny that…of course…..

What a mess…..no one could make this stuff up…..

With the story out in the media, I’m sure some sort of deal will be worked out…..

But ….This guy needs to stay out of gambling houses…….

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