Sunday, December 6, 2009

Why yes, I would like to double-down on an eight

Cue the "aggressive gamblers do better" story next, because Mr. Watanabe would like to have a word with you.

Here's the lede:
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. It devoured much of Mr. 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% of its Las Vegas gambling revenue from Mr. Watanabe that year.

That's a pretty impressive amount of losing when you can claim your own slice of the Harrah's revenue pie chart. "And here we see our 4th quarter projections, with catering, gift shop, concerts, and oh yes, Mr. Watanabe will be in town for Thanksgiving."


Anonymous said...

"excuse me sir you appear to be intoxicated, please refrain from gambling"

meanwhile Kashkari (remember this guy?) is doing his t.k. the luddite impression

LV city center and dubai, oh my!

Anonymous said...

im spammin your blog with sheds

flyE said...

Shed blogging?

I have never, ever, ever seen anyone refused a bet due to intoxication only. I'm not sure that actually happens.