Las Vegas Gambler Sues Casino after Blowing $127 Million

December 9, 2009 at 10:36 am · Filed under (All), Civil Litigation, In the News

The Wall Street Journal reported this story about a disgruntled gambler suing the casino after he gambled his fortune away - $127 million US.

According to the story,after facing several felony charges for outstanding gambling debts as high as $14.7 million US, the accused, Mr. Watanabe, turned the tables and sued the casino in civil court.

To keep the high-roller content on the premises, the casino had created a special rank of “chairman” in its loyalty program for the plaintiff Watanabe. The casino pampered him with a free three-bedroom suite at Caesar’s Palace and seven-course meals delivered to him while gambling. At one point the casino extended a $17 million credit to Watanabe to finance his gambling.

Watanabe alleges that he was too pampered and wants his money back. He claims that rather than turning him away while intoxicated, the casino plied him with alcohol and prescription drugs to encourage him to stay and gamble.

According to experts familiar with Nevada law, compulsive gamblers attempting to blame the casino for their losses are rarely, if ever, successful.

Watanabe is schudule to stand trial next summer on felony charges stemming from his debts.

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