Immortal stories – gambling losers

Being an exceptionally curious human being, I started to search for data and information on the most unlucky persons in the world of (online) casinos.

As it could be anticipated, the winners, their photos, their names and the amount they won are highlighted everywhere but it is more difficult to come across really big losers. First of all, it is because nobody boasts about losing a huge amount of money, especially if it happened in an online casino and there is nobody to attest what happened. Second of all, it is always more tempting for prospective gamblers to be informed about the big amount they have the chance to win than bumping into a sad man’s photo who lost everything due to gambling. Posting news about losers is not rewarding either for the persons affected or the mobile casino. Anyway, it is not impossible to find some chaps of the gang of losers, who I was nosing after.

The most well known one is a Chinese businessman Terry Watanabe, the former CEO and president of the Oriental Trading Company. He is associated with the biggest blackjack loss of all time and claims to have been soused by the staff in the casino in order to make him play on and on so in a way he was drugged. In 2007 the man in question set foot in Caesar’s Palace and lost $120 million. Very soon he became a tourist attraction and visitors flocked from several miles away just to watch Terry’s actions at the table. Some of them even took photos of him with their mobile devices. In total, he is said to have lost $205 million in the very same year. You would think that after a costly adventure like this, the man would give casinos a wide berth. Perhaps Mr Watanabe had the same in mind, but the plan was not successful, since the casino ended up suing him for $15 million unpaid debt. There have been speculations what would have happened if Watanabe had used his mobile device and had played and wagered in an online casino. Since modern online casinos have special systems which prevent online gamblers from wagering more money than they can afford to waste. In case Terry had used this type of gambling and his mobile phone, he would not have lost even a hundredth part of his total loss and perhaps he would still be the president of the company he inherited from his father. Perhaps he is one of the unluckiest players, but definitely not the only one who is on the list of great losers.

In 1999 Kerry Packer, an Australian media tycoon walked into a casino in London, played a few roulette wheels and then left. This little excursion which took him only some minutes cost him £15 million. Before this event he lost another £20 million when he went on a three-week bad luck streak. Opposed to the Chinese businessman, the multibillionaire Kerry did not miss the lost amount at all. He was generous not only with his stakes but also with staff in casinos. He is said to have tipped a cocktail waitress a house.

The third famous loser in the row is on the list not necessarily because of the amount of money he lost but because of a story built around his gambling activity. The matter in hand happened to an Austrian casino player Josef Reiner. After he had blown thousands of dollars on the roulette table he was not brave enough to go home to his wife and make a confession about the whereabouts of the money. Instead of that he had a seemingly ingenious plan in his mind. He faked an assault on himself and claimed that he had been attacked and was the victim of a robbery. His wife met him only in the hospital where he confessed that he had smashed his own face with an iron bar and had broken his own nose and jaw and finally his arm did not escape from being broken either. What do you think the wife did? She forgave him. Josef’s bones would have been much happier if he had played in an online casino.

How about online gamblers? Of course, it is more difficult to detect them but there are some names on the list. The most interesting one is Cynthia Haies whose name is known by all online casino operators. She is a lady from California who ran up $115.000 in credit card debts by mobile gambling and when it was time to pay up the bill she refused. She hired an solicitor instead and filed a lawsuit against the casino and shuffled off her own responsibility by citing some ancient common law doctrine. Finally, the suit was settled between the parties before it went to court and the creditors agreed and a gambling software company paid Cynthia $ 225000 to pay the lawyer’s bill.

As it can be seen, it is possible to have a relatively good outcome even if the careless gambler piled up a great loss, but the only solution against being in the list of losers is temperateness or registering at online casinos and gambling on your mobile device.

Leave a comment