Another Super Wealthy Gambling Addict Blows Through Fortune: ReportBusinessman Said To Have Lost Nearly $1.5 Billion At Crown Casino |
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The Sydney Morning Herald reported that an obscenely wealthy gambling addict lost nearly $1.5 billion over 14 months at the Crown Casino in Melbourne and is now trying to recoup some of his staggering losses via the legal system.
Via The Sydney Morning Herald:
Harry Kakavas, described in the High Court on Thursday as Australia’s “highest of high rollers”, claims Crown knew he was a pathological gambler but lured him back anyway to take advantage of his “special disability”. The court heard that between June 2005 and August 2006, Mr Kakavas spent $1.479 billion at Crown, winning and losing vast sums, often on hands of baccarat that took just seconds to play. During one “frenetic” stint in May 2006, Mr Kakavas spent a staggering $164 million in just five and a half hours.
Think gambling binges like this are unheard of? They actually are not.
A wealthy former San Diego mayor not long ago fell into hot water for her multimillion-dollar gambling problem, and then there’s the story of Terrance Watanabe, widely consider the biggest whale Las Vegas has ever seen. His drama had a development just recently.
Image via Sydney Morning Herald/Erin Jonasson.
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