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Super Moderator
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You MADE me gamble...
The Gambler Who Blew $127 Million - WSJ.com
"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." "In a civil suit filed in Clark County District Court last month, Mr. Watanabe, 52 years old, says casino staff routinely plied him with liquor and pain medication as part of a systematic plan to keep him gambling." They never did this to me. Sheesh, I blew $200 at the poker table in an hour there last time out and I didn't get so much as a 'lude for my troubles. Clearly I'm doin' it wrong.
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Chris ---------------------------------------------- 1996 993 RS Replica 2023 KTM 890 Adventure R 1971 Norton 750 Commando Alcon Brake Kits |
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12-05-2009, 01:36 PM
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Registered
Join Date: Dec 2006
Posts: 6,522
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Lets' all say it together... PERSONAL RESPONSIBILITY
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O2 In Sully We Believe |
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12-05-2009, 01:44 PM
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Loser
Jim
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down to jap bikes that run and a dead Norton |
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12-05-2009, 02:17 PM
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"O"man(are we in trouble)
Join Date: Nov 2005
Location: On the edge
Posts: 16,452
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Well, he had more money than brains, now he has neither!
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12-05-2009, 02:20 PM
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Join Date: Feb 2007
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"liquor and pain medication?"
If I dropped that much I would expect identical twins. |
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12-05-2009, 02:56 PM
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"O"man(are we in trouble)
Join Date: Nov 2005
Location: On the edge
Posts: 16,452
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So does he have any left or did he go all in?
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12-05-2009, 03:04 PM
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Registered
Join Date: Oct 2003
Location: Mount Pleasant, South Carolina
Posts: 14,252
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What a maroon.
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12-05-2009, 03:15 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,554
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I had a good lesson on my 21st birthday weekend. Reno casinos took every dime I had. Haven't given a casino a nickel since.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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12-05-2009, 03:17 PM
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Registered
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Quote:
Jim
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down to jap bikes that run and a dead Norton |
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12-05-2009, 03:38 PM
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Get off my lawn!
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Gambling only works for folks that are math impaired. Go to Vegas, look around. Did they build that place just give money away? Nope, it is to take money from people that do not understand statistics.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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12-05-2009, 03:55 PM
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Virginia Rocks!
Join Date: Oct 2003
Location: Just outside the beltway
Posts: 8,497
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Quote:
There was a guy from Pennsylvania a few years ago with a similar lawsuit. They would send a helicopter to pick him up and kept him drunk to keep gambling. I think he actually won something. Don't know how much I agree, but if you were a bartender plying your know drunks/alcoholics and they plow into a tree on the way home....isn't there some responsibility on the part of the bartender?
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Rosewood 1983 911 SC Targa | Black 1990 944 S2 | White 1980 BMW R65 | Past: Crystal 1986 944 na Guards Red is for the Unoriginal
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12-05-2009, 04:02 PM
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Join Date: Jan 2002
Location: I'm out there.
Posts: 13,084
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I think you might be missing the big point. If a casino dispensed prescription pain meds without medical supervision and a prescription, they are going down. Huge.
If it's true, a $100 million settlement would be cheap.
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My work here is nearly finished.
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12-05-2009, 04:26 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,554
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Quote:
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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12-05-2009, 04:40 PM
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Registered
Join Date: Jan 2002
Location: I'm out there.
Posts: 13,084
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Quote:
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My work here is nearly finished.
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12-05-2009, 05:14 PM
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Licensed User
Join Date: Feb 2003
Location: ....down Highway 61
Posts: 6,506
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Damn the bad luck. I usually lose all of my money before I can get the waitress to bring me a single beer. I guess if I had $127M to lose it would be a little different.
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12-05-2009, 05:30 PM
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Registered
Join Date: Oct 2003
Location: Mount Pleasant, South Carolina
Posts: 14,252
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Did you ever watch Bugs Bunny?
Quote:
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12-05-2009, 05:32 PM
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Virginia Rocks!
Join Date: Oct 2003
Location: Just outside the beltway
Posts: 8,497
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Quote:
I was in a casino in Cherokee, NC on a Friday night once. There were cars from all the nearby states. Place was packed. I think I stayed about 10 min and went to the men's room. They were all set up for dropping off insulin needles and the like. I could see having a doctor in the house given all the senior citizens. In that 10 minutes I must have second hand smoked 4 packs.
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Rosewood 1983 911 SC Targa | Black 1990 944 S2 | White 1980 BMW R65 | Past: Crystal 1986 944 na Guards Red is for the Unoriginal
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12-05-2009, 05:55 PM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,178
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When I got laid off due to the dot-bomb in mid 2001, I found myself working in a game room that sat between two huge bingo halls. Gambling isn't legal here if the winnings are money, so to get around it, they had electronic slot video games where the winnings were tickets and the tickets could be exchanged for gift certs to play bingo. (some good customers occasionally got cash from the owner in the back room). I'd never really witnessed gamblers in action before. It's definitely a sickness.
Most of our machines were .05 per point with a payout of $150 on the big win, and we had 2 machines that were double or .10 per point with a $300 payout. One of the good customers sat down at the .10 machine one day, must have spent 12 hours there. She put $1500 into the machine trying to win $300. I don't think she ever did win. I think the owner reimbursed her for some of her loosings. The thing is they start out thinking I'm going to win and be up, and that's always 1 game away. Then before they know it, they have to win to break even. Then they have to win so they don't lose too much money. It was really sad to watch those folks lose their money.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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12-05-2009, 07:10 PM
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Registered
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Life is hard on stupid people. Nothing wrong with thinning the herd a little.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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12-05-2009, 07:15 PM
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Registered
Join Date: Jan 2002
Location: I'm out there.
Posts: 13,084
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Last time I was in Vegas we spent some time in the high limit slot room at the Wynn. (I was NOT playing) Met a guy who was playing 4 machines at a time, $300/pull. I asked him how much he was playing. He laughed. His players card indicated he had put $970,000 in the slots THAT DAY. He may have been winning or losing, I didn't ask, but he had played nearly a million dollars in a day.
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My work here is nearly finished.
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12-05-2009, 08:28 PM
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1970 Porsche 911 S 
the stable a few years ago
2013 
Carrera
Only Porsche
Only bike
