The Six Biggest Casino Losses

Bella Dippenaar
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People looking for USA casino sites are frequently drawn to articles about massive jackpots and wins. Everyone enters a competition with the expectation of winning; otherwise, there is no point in competing. However, far too often, people forget that the possibility of winning a large sum of money is accompanied by the possibility of losing a large sum of money.

If you have ever been fortunate enough to win at a casino game, you are well aware of the temptation to play more hands and try your luck. However, even playing at an online casino that only requires a one-dollar deposit can result in massive losses that the player was not expecting. When you’re in a situation where you need a push to leave the table, remember these unfortunate people who made headlines for funding the six largest casino losses.

Terry Watanabe received 205 million dollars

This American businessman lost a staggering $205,000,000. It happened in Las Vegas in 2007 at both the Rio and Caesar’s Palace. To put it another way, Watanabe’s loss represented 5.6% of Caesars’ total revenue that year. According to witnesses, this whale’s reckless gambling behavior was centered on high-stakes card games such as blackjack and poker.

After the casino sued him for not paying his debt, he filed a countersuit against the casino for failing to stop him from gambling even though he was obviously in trouble and visibly drunk. The legal dispute was settled out of court, and it is believed that he only contributed $100,000 to pay off his gambling debt. The casino was fined $225,000 for failing to act responsibly because they did not offer him any assistance.

Watanabe is said to have stopped gambling after checking himself into a rehabilitation facility for gambling addiction treatment in 2008.

Kerry Packer’s net worth is $28 million

Kerry Packer, an Australian tycoon, lost approximately $28,000,000 in 1999 at Crockford’s Casino in London. Parker died in 2005, but he still holds the record for the most money lost through gambling in the United Kingdom.

He was notorious for his carefree attitude toward his gambling addiction and stated that he had no regrets about any of his losses and had enjoyed the excitement of the situation. He loved everything about casinos and would occasionally shower generous gifts on the staff. On one occasion, he paid off an entire mortgage note owed by a particularly fortunate waitress.

Frank Saracakis – 13 million dollars

Frank Saracakis, a Greek automobile magnate, lost thirteen million dollars playing roulette at Crockford’s Casino in London in 1994. It is said that he lost a comparable amount of money while playing roulette at the Ritz in 1988. This was not the first time he had lost a significant amount of money while playing roulette.

10 million yen for Akio Kashiwagi

The Japanese real estate magnate Akio Kashiwagi, also known as “the warrior,” lost ten million dollars on a single bet while playing baccarat at the Trump Casino in Atlantic City. When he died in 1992, he owed the Trump Plaza Hotel and Casino $5 million and the Las Vegas Hilton $4 million. These two hotels were both in Las Vegas.

According to Faroud al-Zayat, the figure is 3.5 million

Faroud al-Zayat, a Syrian citizen, is well-known for his love of roulette and his proclivity for placing large bets. Al-Zayat lost $3,500,000 million in just a few hours at Aspinall’s casino in London, earning him the nickname “fat man” for his 20-stone frame.

Since then, he has stated that he now understands that his gambling behavior was motivated by a desire to escape, and he has expressed regret for the careless decisions he made.

2.5 million for Charles Barkley

Charles Barkley, a former NBA player who now works as an analyst for the league, is well-known for his fiery play on the court as well as his enthusiastic play at the blackjack table. He claims to have lost more than thirty million in his gambling career, including a record loss of two and a half million dollars in a matter of hours. Barkley claims that he has since learned to walk away while still in the lead.


The vast majority of people can only dream of having enough money to bet such huge sums of money with reckless disregard for the dangers they are exposing themselves to. However, the majority of us, like these multimillionaire business tycoons, have failed at some point in our lives.

The good news is that a one-million-dollar wager is not required to be eligible for the one-million-dollar jackpot. You never know when Lady Luck will decide to look out for you. Especially if you play at a choice online casino, online casino. After reading the points raised previously, it should be fairly obvious that using tips increases one’s chances of winning.