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Keyword: zadrowski
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Gambler Who Lost $127M Claims Vegas Plot
During a year-long gambling binge at the Caesars Palace and Rio casinos in 2007, Terrance Watanabe managed to lose nearly $127 million, The Wall Street Journal reported. The run is believed to be one of the biggest losing streaks by an individual in Las Vegas history. It devoured much of Watanabe's personal fortune, he says, which he built up over more than two decades running his family's party-favor import business in Omaha, Neb. It also benefitted the two casinos' parent company, Harrah's Entertainment Inc., which derived about 5.6 percent of its Las Vegas gambling revenue from Watanabe that year.
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