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Losing Gambling Lawsuits Continue With $112 Million Casino Action
LAS VEGAS, NEVADA --
Another whale who lost a fortune gambling at casinos is attempting to recover losses by suing the gaming venue, as Terry Watanabe filed a suit against Harrah's for $112 million. Watanabe is the former owner of direct marketing operator Oriental Trading who lost untold millions at Caesar's Palace and the Rio Casino, both Harrah's properties.
Watanabe says casino employees in 2007 kept him on an endless supply of prescription painkillers and alcohol that left him unable to make rational decisions. He says he basically lived at the casinos for most of the year, and his lawyers claim his losses alone accounted for a fifth of all gains by the casinos.
Harrah's officials say they have strict policies regarding problem gambling, and that there was no ethical violations in Watanabe's treatment. They deny Watanabe's claims, and the company's attorneys labeled the case without merit.
"We have a long-standing history of responsible and ethical practices," said a Harrah's representative. "We're licensed in more jurisdictions than any other gaming company. We stand by our record."
Watanabe is fighting charges brought by the casinos that he took out over $15 million in credit that he did not honor. He is on bail of $1.5 million while awaiting trial.
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