Terrance Watanabe Gambling Statistics

Terrance Watanabe Gambling Statistics
Lost $127 Million gambling to Caesars Palace and Rio casinos in 2007
Harrah’s derived 5.6% of its Las Vegas gambling revenue from Mr. Watanabe in 2007
Harrah’s claims Mr. Watanabe still owes $14.7 Million in extended credit
Mr. Watanabe says he regularly handed out to Caesars employees bundles of $100 bills that could total as much as $20,000.
Mr. Watanabe grew a modest toy business into a catalog empire that raked in $300 million in revenue by the time of its sale in 2000.
In 1995, Mr. Watanabe bought an 18,000-square-foot mansion on four acres for $1.8 million
He donated nearly $500,000 to political causes, mostly to the Democratic National Party.
Harrah’s gave him $12,500 a month for airfare and $500,000 in credit at the gift stores. Harrah’s also offered 15% cash back on table losses greater than $500,000, special high-limit games and other incentives.
Mr. Watanabe would stay at the tables for up to 24 hours, sometimes losing as much as $5 million in a single binge. He was allowed to play three blackjack hands simultaneously with a $50,000 limit for each hand. At one point, the casino raised his credit to $17 million
In July 2008, Mr. Watanabe sold his Omaha mansion for $2.66 million
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Statistic Sources & References
Sources: Wall Street Journal
Content Author: Statistic Brain

Date research was conducted: December 1, 2015

Terrance Watanabe Gambling Statistics

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