Mega Gambler Terry Watanabe loses $112 Million At Casino Then Sues Caesars Palace For Negligence

After losing $112 Million at Las Vegas casinos, Terry Watanabe, 52, proceeded to notch up a further $15 million debts by writing bad cheques at Caesars Palace and was consequently charged with theft, which he has adamantly denied.
Instead, Watanabe has launched a 19 page civil suit to counter the criminal charges, in which he alleges Harrah’s, the owners of Caesars Palace, plied him with prescription drugs and alcohol with a “secret intention” of keeping him gambling and siphoning off his wealth.
Harrah’s is the world’s largest gambling company by revenue and operates over 50 casinos worldwide. Watanabe, on the other hand, made his fortune running his father’s Oriental Trading Co. in Omaha, Nebraska until he sold in 2000 for a fortune.
Watanabe says he moved into a Harrah’s owned property after the company offered him some incredible complimentary incentives to encourage him to gamble including a three bedroom palazzo, 15% rakeback on monthly table losses in excess of $500,000, and $3 million in credit with a generous 60 day wait before being called in.
By 2007, Watanabe said he spent “nearly all of his time either on the casino floor or in his hotel room at Caesars Palace,” but his “losses escalated astronomically in the fall of 2007, just as his level of intoxication was reaching its most extreme.”
The lawsuit claims, “Harrah’s responded not only by increasing his credit limit and providing him with a non-stop supply of alcohol and prescription pain killers, but also by increasing his table limits beyond those available to other patrons.” 
This could be the most damming piece of evidence yet as, according to Nevada law, it is illegal for a casino to knowingly let a gambling addict play, especially one who is incapacitated.
Watanabe claims to have lost around $112 million at Caesars and the Rio, and as the case continues, his lawyer O’Donnell is arguing that Harrah’s management had one motive in mind: “to harvest the wealth from a mega-whale whom the casino ruthlessly allowed/encouraged to continue playing while incompetent and incoherent.”

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