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Tuesday May 28, 2024

What are the top 10 biggest losses ever recorded in a casino?

It is quite challenging to determine the exact ranking of the top 10 biggest losses ever recorded in a casino, as many high-stakes gamblers prefer to keep their losses private. However, here is a list of some notable and widely known casino losses:

1. Terrance Watanabe: In 2007, Watanabe, a wealthy businessman, lost around $127 million while gambling at various Las Vegas casinos.

2. Harry Kakavas: An Australian real estate mogul, he is known for losing around $20 million at Melbourne’s Crown Casino between 2005 and 2006.

3. Akio Kashiwagi: A Japanese real estate tycoon and high-stakes gambler, Kashiwagi reportedly lost $10 million in a baccarat session at a Las Vegas casino in 1992. He was later found murdered in his home.

4. Archie Karas: Known as one of the greatest gamblers in history, Karas had a famous hot-streak from 1992 to 1995. However, he eventually lost all his winnings of around $40 million.

5. Omar Siddiqui: A former executive at a major electronics retailer, Siddiqui lost approximately $165 million gambling in Las Vegas from 2005 to 2009. He embezzled funds from his employer to fuel his gambling habit.

6. Charles Barkley: The former NBA star is known for his substantial gambling losses, reportedly totaling over $10 million. Despite this, Barkley claims to have never sought credit from a casino or defaulted on gambling debts.

7. Maureen O’Connor: The former Mayor of San Diego, O’Connor, admitted in 2013 that she had lost over $1 billion gambling over a nine-year period, much of it at casinos.

8. Frank Sarakakis: A Greek businessman, Sarakakis lost an estimated €5 million ($6 million) in 2011 at the Ritz Casino in London while playing roulette.

9. Zhenil Ye Gon: A Chinese-Mexican businessman, Ye Gon allegedly lost around $125 million at Las Vegas casinos. Much of his wealth was believed to be linked to illegal activities.

10. Kerry Packer: An Australian media mogul, Packer was known for his high-stakes gambling. While exact figures are not available, it is believed that he lost millions of dollars over his lifetime in various casinos worldwide.

Please note that these figures are approximate, and there may have been larger losses by private individuals that are not publicly disclosed.

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