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In the case of legendary Las Vegas whale Terrance Watanabe, New Jersey gaming regulators decided earlier this month to fine Caesars Entertainment Corp. $225,000 for its role in the matter, making all the major parties involved look pretty lousy.
Watanabe, a wealthy self-professed gambling addict, lost more than $120 million at the high-stakes tables in 2007, but claimed that the casino maliciously loaded him up with alcohol and pain medication. Those allegations came forth when he was charged in Nevada with not paying $14.7 million loaned to him by the casino company. Caesars denied those accusations and maintains that Watanabe was lucid when taking out credit and blowing millions.
News:
Watanabe, a wealthy self-professed gambling addict, lost more than $120 million at the high-stakes tables in 2007, but claimed that the casino maliciously loaded him up with alcohol and pain medication. Those allegations came forth when he was charged in Nevada with not paying $14.7 million loaned to him by the casino company. Caesars denied those accusations and maintains that Watanabe was lucid when taking out credit and blowing millions.
News:
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