Vegas’ Biggest Loser Says Casinos Got Him Drunk
December 7, 2009
LAS VEGAS — During a year-long gambling binge at the Caesars Palace and Rio casinos in 2007, Terrance Watanabe managed to lose nearly $127 million.
The run is believed to be one of the biggest losing streaks by an individual in Las Vegas history.
Steve Wynn, once asked to meet with Watanabe after hearing tales of his free-wheeling spending sprees. Shortly after their meeting, Wynn, having judged the japanese American to be a compulsive gambler, banned Watanabe from gambling at his casinos. But Harrah’s Entertainment, owner of Caesars, the Rio and five other Las Vegas casinos, welcomed his play and cleaned him out.
Read The Wall Street Journal’s coverage of Watanabe’s ups and downs here.
Advertisement
