May 14, 2010
Harrah’s Las Vegas High Rolling Gambler Loses $187 Million Dollars
The Biggest Loser – No, I’m not talking about that weight loss based TV show. Terrance Watanabe of Nebraska lost $189 MILLION dollars at various Harrah’s-owned casinos in 2007. To put that in perspective: You’d have to spend over 1/2 a million dollars each and every day for a year to burn though that much money! This information has become public because Watanabe is suing Harrah’s (Corporation) with claimes that they kept him boozed up, extended huge credit lines to him, and granted him extremely high table limits — much higher than other patrons.
Now as of yet (and as much as many new arrivals have tried), we aren’t yet a nanny state here in Nevada. We value the fact that humans are allowed to make their own decisions. Over my many year here, there have been numerous times when I asked the cocktail waitress for a water (instead of liquor). Cutting myself off. Same with how much I decide to gamble. I’ve been offered casino credit and turned it down. No one says I have to take the credit they extend.
As for betting limits, those are between you and the house. If you walk in with a million dollars in a suitcase and they allow you to bet it all on one hand of cards or roll of the dice, so be it. The contract is between you and them. In fact, certain bets like the front line in craps is called a contract bet because once you have made the bet, it stands until you win or lose.
Read the full story in the Review-Journal: Losses may make bettor state’s biggest whale – Nebraskan said to lose $189 million in 2007
Comments(1)
Click For More Savings
I believe if more people knew how practically impossible it is to win big here (over $100)they would stop coming all together. I am a local and know gamble regularly (a portion of every paycheck). I myself am learning to wein off it now (after 10 years). it isn’t fun to loose all the time. And belonging to Gamblers Bonus is a big diappointment as I feel it knows my Gambling habit and plays it against me too. Maybe the biggest loser has some valid points so be happy he did not mention the gaming business is made up of a bunch of crooks. I am all for a person or company to make a profit but the greed is at a higher level now.