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I’m not sure if this story was already shared here but I just recently watch this gambler sad story from social media that is really heartbreaking.

The subject is Terrance Watanabe which is a successful businessman who has a huge business and money that becomes addicted on gambling. He lose a total of 127M which is all his fortune that he earn from his business. Imagine all your hardworking was turn out to nothing after a few years of gambling addiction.

The sad part here was he became a victim of casino scheme of alluring user with their offers and allowing him to play while drunk until he loss everything.

He manage to wager a whooping 825M $ in just a single year when he lose that 127M.


Source: https://www.cbsnews.com/news/gambler-lost-127m-in-2007-sues-casino/

Jeez man, that’s a lot of money. These are the type of cases that usually lead to the victim doing something stupid like committing suicide because of the shame, pressure and regrets he’ll face from his family.

I just did a quick scan through the article you shared and one part caught me attention.

https://www.talkimg.com/images/2024/05/12/1nrwN.jpeg

This is insane - losing $5 million in a single day is not something that someone that is with us sane mind would pull off.

This is how if he is addicted to gambling and while drunk he will lose his consciousness without thinking about how much money he has bet during gambling while drunk, so for me this is really tragic with a huge fortune only running out within 3 years, meaning he is now poor.

The effort and hard work that was built up to be rich is just gone, try to imagine betting $825 million within a year for me it's really crazy and he might not realize what when he reached a bet of $500 million? Or below?

Remember that gambling while drunk is not recommended because of the loss of consciousness when you bet a large amount, he might just chase losses until he doesn't realize he has spent all his fortune.

Actually, I have not read about this case, and you are right, it is completely hearthbreaking. Thought the most disturbing detail about it is how that casino he gambled on decided to use such a low strategy as getting their high rollers drunk, so they could gamble recklessly and get all their money in a faster pace... At the very least, I would have expect a reliable and trustworthy casino to refuse to sell me chips if they realize I am drunk enough not to be able to tell I am gambling out my control.
Is there no some legal instance in which a casino is forced by law to stop providing their services to a gambler who is obviously in a state of drunkness? You know, something similar to one can see at bars and pubs in anglo countries.

Anyways, if there is anything to learn from this story is that it does not matter the size of your pocket, gambling addiction can lead anyone, both the rich and the poor to financial ruin.

Does anyone know if this guy is receiving some kind of psychological rehabilitation or counseling?

According to this article https://g2g.news/gaming/gambling-whale-the-story-of-terrance-watanabe-who-wagered-800-million-in-a-year/#:~:text=The%20case%20was%20eventually%20settled,rights%20on%20the%20life%20Watanabe.

The case he filed against the casino was settled probably on his favor but the damage is too much for the mere settlement for his case. The guy is once the richest man in Nebraska then blow up everything with a few years of high stake gambling.

I believe the casino should be party responsible to this since they knew how huge the money this guy lose yet they continue to offer him a huge credit line to gamble even though the intoxication is clearly visible.

So sorry for the man. I wish something like this should never happen. But this is a lesson for people to know that gambling should be done with just little amount of money. Probably if the man is on a forum like this and reading from what we are posting on gambling discussion board, he might have learned some lessons from here instead of going through this hard time.

I can't be sorry for these people somehow. A person what has hundreds of million dollars should be smarter than this or else it only means he never deserved to own that much money in the first place. If he earned all that money himself, then he should have known how dangerous gambling can be if you are not cautious. Since he lost all that money to gambling, it only proves my point and he didn't know shit about risk management. Maybe he inherited all that wealth from his parents. It happens all the time. The parents earn everything and when they die, their children fuck everything up because the parents couldn't raise them properly. If that's the case then I am sorry for the parents. Not for the dumb kid.

I wonder if there is an update to this, especially on the investigation that Nevada's Gaming Control Board launched against the casino because of the allegation Terrence Watanabe made. also, reading that the current and former employees of the casino at the time said that their managers told them to keep Terrence Watanabe betting despite being visibly drunk clearly shows that the casino preyed on the guy. Anyway, that being said, the guy is still a moron for losing that much money to gambling, but on the bright side, according to the article the guy was admitted to a rehab facility by his sister.

Alcohol and wrong decision making are almost 5 and 6, and a strategy that some offline casinos may use to keep gamblers gambling is to keep giving free alcoholic shots to gamblers as they gamble. The chances of making wrong decision while drunk are higher than when decision are made in a normal sober state. This is why gamblers who cannot control themselves and their decisions when they are drunk are advised to avoid taking alcohol or any related substance while gambling so they can make better decisions.

Apparently the casino did not have any rakeback offer for him and jokes apart it is only his responsibility that he lost all,no one forced him to go to the casino as when someone has a whopping 127 million dollars there is no logical sense to go to the casino and lose it all,you can go and have fun with some money but never overdo it.Unfortunately is a vicious cycle which never looks like it has gone to make anyone happy as I don't know someone who increased their fortune through gambling.

Addiction! Who gambles for 24hrs straight? One interesting thing about Terrance Watanabe is that after his first losses, he didnt stop there, he kept gambling until he lost everything. This is how dangerous gambling can be if not done rightly. He is sick and needs help. If he had such amount of money,  what else was he looking for gambling like he desperately needs to make millions overnight. I feel sorry for him and I just hope he got help.

With stories like this circulating the media, many gamblers will still not Learn until it happens to them and then they learn the hard way. These are issues that can lead One to commit suicide or fall into a long time depression. These misfortunes can be avoided if gamblers can protect themselves by gambling safe.

Someone with such business that worth 127M what is he looking for from gamble, because I would not say that he is gambling for fun due to the amount of money he stakes  and the length of hours he spends gambling in a casino. Addiction is bad for all, especially the wealthy ones, as they will loss everything and remain a puppa.

Addiction is like a plague and that is what every gambler should put in mind that gambling is a game that you must lose, no matter how much money you have or you use to gamble, and no matter how long you spend in the casino, it doesn't change anything and this is why we need to gamble responsible by using only the amount that we can let go after having fun with our bets. Gamble with caution to avoid getting wrecked due to addiction.

This is a story that should be taken as an example. Whenever I remember stories like that I reconsider my gambling actions a lot. Gambling addiction is a very serious issue.

This doesn't mean everybody will go through the same thing this man did, it only depends on how weak someone can be in front of risky things like gambling. This guy went completely broke and with this big amount of fortune just because of something like alcohol and gambling. If you are a mature responsible person you wouldn't let yourself go that down.

I don't recall seeing casinos stop people from gambling even though addiction signs are there. Maybe they will do that when a regulation asks them to do so, but I doubt any business will block a user when he brings them a lot of money. I remember having this same discussion on another thread, with more or less the same topic as this one. What OP shared is definitely one of the biggest losses that I've read so far.

It's first time I'm hearing that and I truly feel bad for that guy. Gambling addiction is so bad that it somehow blocks all your nerves and you don't understand what you're doing.

The addicts are unaware that they're destroying their lives with gambling addiction. $127M is a cumbersome amount of money one can have but that guy lost all of it within 3 years.

That's why one should learn and understand about gambling responsibility, because a gambler who doesn't gamble with responsibility end up losing everything.

When casinos are being overly friendly, it just means that they want your money and they don't really care for your well-being at all. They just want to suck you dry off your money and get it for themselves. It's unfortunate for the man to not read the signs and avoid this outcome early on. He already lost millions, he should have stopped when he still has the time and the money and call it quits even if he's a loser.

If I have that kind of money, perhaps I will look at gambling as a form of leisure and not as a form of a money-making venture. I don't get why these millionaires still look at gambling when they managed to expand their businesses and make huge amounts of money off of it. Humans can never be contented at all, I guess.

Kinda like Dana White thread who drank himself while gambling. And in the morning he thought he only lost 80k but it was actually $3M. The casino is playing tricks on these guys into drinking and then allowing them to bet as high as possible even when they are obviously intoxicated.

127M is a lot of money. People would leave gambling forever upon making 1/4 of this amount just to relax somewhere in the Bahamas. It's insane how the guy still ends up addicted to gambling when he is already rich.

That's a big lose for someone who playing gambling. With all of his lose, he must learns that playing gambling too much can makes him lose big money. If he drunk while playing gambling, he will not realizes what happens to him because he will lose his minds and can't thinks clear about what he's doing. He will only follows his desire to playing gambling without thinks about losing his money and that can be a big lose for him. That's an important lesson for us that we don't have to drinks until drunk while playing gambling because that can gives a big risks to us whether we can playing gambling aggressively and not thinks about how much money we will spends in playing gambling. We can lose all of the money from our hardworking in gambling and there is no big chance for us recovers our lose in gambling.

I guess this particular story has not been shared on this board, but a different, similar sad story like this one has been shared here before. 

The cause of this kind of action from a gambler is particularly because they allow the lifestyle of other gamers to influence them, and they also allow greed to wallow them. 

I remember I have talked about one civil engineer in my place who got deceived by another gambler, and he ended up using the money that was meant for a house project that he was handling for someone to gamble. He staked with all that money, and the bet gut busted, so he ran away. The man who had the project started looking for him with the police. 

I don't just know why some gamblers will allow themselves to be at this phase. 

The more you have the more you can lose. This reminds me of that story about Dana White, who lost a lot of money while playing drunk and he didn't even remember that. It wasn't even a million, but more than most of us ever bet or will bet. For him it was just one night at a casino.
We all live in a bubble and in that bubble we have our small worlds, friends and families and we don't compare ourselves to people from other parts of the world but mostly to people in our own bubble. That bubble defines what we find as living standard and what we see as expensive. A billionaire will feel like buying an island or a town is expensive, but for someone in a poor country a used motorcycle will be a large purchase. I'm sure for Watanabe betting $5 million wasn't big.

When it comes top potential loss then gambling could fucked you hard if you wont be that aware about its risks but since we are just humans and on the time that we are already that too addicted by it then
it is really that not easy on saying such things when you are on such condition on which the primary thing that you do have in mind on that particular time is that you should play even more, plus there are things which could affect your decision with those things like being drunk or being offered by something that interesting by those casinos and other schemes. There's no such thing about unlimited fund in gambling on which on the time that you do put up yourself on such condition then potential loses would be enormous if you dont have that kind of control because you could really be losing all the things that you do have
no matter how rich you are or how much money you do have.

Gambling could fucked you up hard if you would be letting yourself having no moderation or control towards your finances. It is really just that too sad that
there are people who are really that losing it all and would be having that regret in the end of the line.

I have seen a story like this before but I did not give it attention you do to the fact that there are many similar stories just like this. Who do we blame for this the casino,  or the Gambler? Well this is not a time to apportion blame rather to look for solutions to prevent the next person from losing his life fortune. I will always advocate for an increased awareness of gambling addiction help campaigns on social media, television, radio, newspaper ,billboards, and any other channels that can be used to reach the general public no matter where the are.

It would be a never ending story as long that gambling industry would really be existing and as we all know that this industry is really that progressive and something
that generate huge revenue year by year which basically means that there are tons of people who do keep on depositing and losing their money. Besides, if we do look around on how many
websites/platforms or physical gambling places that stood up? Then this clearly shows on how many people do keep on playing gambling despite of the risks that it do give out. 3 years or even shorter or simply there's no specific time for that on which gambling could mess up your life if you wont be having that moderation with your spending. Just like on what you have said that these kind of stories would really be continuing to pile up even more or something that would be called as an ordinary day as long it do exist there would really be these kind of stories that would surfaced out.

This guy is famous, Ive heard of him many times and mostly as just a big gambler not this more recent story of losing it all.  He no doubt did alot of partying and got carried away but its not a singular fault imo.


Anyone big in business to the extent of earning millions will feel bereft just stepping away from their company to spend the money, taking the time off and not managing the company alone could result in a vast change of fortune possibly.   That whole dynamic of business management is a gamble that could have led to losses.

I would consider all angles to this, the likely drinking problem and the lack of work ethic replaced by entertainment and gambling is unfortunate.  If it was in the majority a family business, perhaps more of this wealth should have been held in trust to last more then just one generation.

I cant say I'd be any better in my performance given all the temptations and free gifts with fabulous hotels he was given, I would at least half my bets when consuming alcohol as its the simplest action to take and alters the game not at all.

I have across stories of this same sorts several times in previous times, and one thing very sure is that, they are always very touching, making one feel very sober and pity the victim, but you know one thing?
I usually don't believe such stories to be true, or to not be completely true because the amount of money is that usually involved is always exorbitant, for I personally can not imagine myself gambling until I go completely broke and my businesses collapsing in the process after I have made and counted in millions of dollars before or in previous times..

But on the other hand, I understand how terrible being addicted to something can be, most especially, addiction to gambling, but I still consider those who are victim to this as foolish people and do not pity them at all (this is if their story is usually true by the way), because If I was in their shoes, seeing what being addicted to gambling is doing to me and the possibility of losing all my wealth, I will rise and seek for solution, ways to help myself get free from the addiction before I lose everything, this is why I usually don't believe such stories to be true, or maybe victims to such tales as this usually do not think.

if it is true that the casino staff provided painkillers (very powerful drugs that can only be used on prescription) it is actually really bad problem.

For the rest, unfortunately, although some casino marketing policies are to be condemned, I believe that unfortunately the victim also had his serious problems in this matter, gambling was just one of the problem. I find it surprising how friends, family, staff have not taken drastic solutions to avoid what happens...

Terrance Watanabe's tale represents a tragic case study that portrays the calamitous repercussions of succumbing to a gambling addiction. An individual who had attained success in his business ventures and amassed wealth through diligence and ingenuity only ends up squandering it all due to his involvement with gambling. It serves as a demonstration of the potent force that an addiction to gambling can evolve into, as well as its capability to wreck an individual’s life within a short span of time. The most poignantly sorrowful facet of this narrative is how Watanabe becomes ensnared by a pernicious ploy orchestrated by the casino.

This account underscores the significance of being cognizant of the risks associated with gambling, it also underscores the need for heightened protection towards those vulnerable to detrimental practices propagated by casinos. Let this also serve as a reminder for each one of us concerning the perils that addictions entail, prompting us to extend help if we, or someone within our circles, are entrapped within an unhealthy vortex of gambling without realizing its adverse effects on their life.

This story just reminded of a thread I came across here which titled rich Men who gamble are those that are addicted to gambling, Could this now suggest that this is truly? Well, I still don't think so.

Back to the topic of discussion, sometimes isn't addiction, it's greediness, because what would make that man risk/bet such an amount of knowledge fully well that this is the money he has made over the couple of years from his Business just lost within a twinkling of an eye, let forget about addiction, because what usually leads gamblers into becoming gamble addict is greed, which later graduates to addiction. As its always being said gamble with an amount of money you can afford to lose period.

While I certainly have a heart for anyone that is struggling with any sort of addiction, and gambling addiction is no different, I'm not sure you can really blame the casinos here for this man losing this massive fortune.  I mean sure they could be using "suspect" tactics to lure people in to their casinos, but no one HAS to gamble at their casinos, and everyone has free will to come and go as they please.  Still, very sad.

True words which I agree to. Makes me think how people can gamble when drunk. Usually a casino is not a place where you go alone. From experience, you go with friends and when you are drunk and want to place a bet those friends should be able to stop you from doing something stupid because they know you are going to lose. But this doesn't happen.

We have free will. Casino is just a business place and they are not their customers mothers. They have their own measures that prevents people from gambling and I don't expect them to force anyone to abide by them. I agree with you that the casinos cannot be blamed for the loss of anyone's fortune. The world needs more people to be accountable.

In the last link you shared, at the end of the story the Journal noted that the Nevada Gaming Control Board had opened an investigation into allegations that Harrah's violated gambling regulations. So, this story is old and I'm not trying to find out the results of further investigation. However, there is something interesting to me in the story shared in this thread. It is written that this 52 year old man from Obama has gained wealth by running his family's business. It is important to note that this man indeed had the privilege of wealth belonging to his family.

The main thing I want to discuss in this article is not about how this case happened, especially regarding his defeat and the involvement of the casino. yeah, it was the privilege he had before that ultimately trapped him in the damage he caused. whatever the cause, whether he was drunk, became a victim of a casino scheme or something like that. The point is, he himself was the one who got him into a problem that he himself created. Based on the link, he seems to be a man who likes to give away a lot of money. I don't know the real truth, but based on the story from the link. It is clear that he is not a generous figure, but the opposite. His style and lifestyle, the privileges he has, create a lack of appreciation for the hard work his predecessors put into their family business. I compare myself, I work hard to meet my family's basic needs. Even if I gamble, it is important for me that the money does not involve money that should be used to meet the needs of my children and wife. I appreciate every drop of sweat I shed, especially for the people at home who are waiting. As for gambling, the money I budget is only a certain percentage. and even then on condition, with limits that I can afford.

What does this have to do with this case, it is clear that there is a gap between the two of us. he doesn't hesitate to spend money as he pleases, whereas I have to manage it first so that no one is harmed, especially the family. Regardless of the casino scheme that attracts its users, the users themselves are fully responsible for their actions. why, because he has a choice as a free human being. he can play, or not, he can stop, or continue. and most importantly, regardless of the truth, IMO, he does not appreciate the results of his own sweat by running his family business, even how the family built the business, which he spends at the gambling table.

This event happened in 2009 but the moral is evergreen. This story is a reminder that one can lose a fortune on gambling if there is no control. We don't have to wait until we suffer the same situation which will make us regret later, it is time to have a gambling budget and gamble responsibly. His greatest undoing was gambling under the influence of alcohol and illicit drugs. At this point, he would have totally lost control of his ability to reason which would lead to continued losses.

His favorite casinos also contributed to his losses. Since the state law states that anyone under the influence of alcohol shouldn't be allowed to gamble, these businesses failed to obey the law. Rather they gave him more drinks, and drugs and made him comfortable so that he would keep gambling. I never knew that such a law existed because I have seen drunk people in casinos gambling heavily without any restrictions.

This is a bad outcome and a case of high addictions the man may have some order underlying mental issues that may have resulted into him making such decisions of gambling uncontrollably, because for him to haveade such fuetun show's that he is a wise person because without financial Wisdom one can not succeed in business.
But to give it all up within a space of three years is somehow absurd and a rear case to be properly analysed in other not to blame the outcome on just gambling addictions.

It's so weird to hear someone lose so much in a casino.

It's pretty frequent to hear someone losing all their money but very few people have millions and millions in cash. So really this story just makes me wonder what kind of casino allows such large wagering for someone to go through millions. The fact is that if a casino allows you to wager any amount they should also pay out the full winnings.

The case of this specific individual would probably mean that he was going back to the casino many many times and kept losing. He should have had a wake up call, someone from his family intervening or something. The casino just did its job in this case. Turning over money generating volume and in the end winning as it always does. It's not that complicated. So to sue the casino is an option to pursue something but probably will amount to nothing. If there was a law that would allow those suing a casino to get something back then there would be no casinos probably.

Well if he settled out of court with Caesars Entertainment on the matter of his losses and being inebriated by the alcohol made available to him by the owners of the casinos, it means he has a case and was able to prove that he didn't intentionally go that far with uncontrollable gambling. Like you don't settle out of court if you actually don't have substantive case. I guess the casino didn't want him to blow up the issue on the way they took advantage of him, perhaps.

This to me is also part of the negative aspect of being an addictive gambler. Someone can take advantage of that like in offline gambling too especially, some friends can continue to gamble with you if they realized you have been on a losing streak and no longer able to control yourself yet you have enough bankroll, so they want you to continue gambling  ;D

There is no limit to how much money a gambler is willing to spend to satisfy his desires at land-based casinos, unless the government has set specific rules. I don't know if there is such a rule where gambling has been legalized, but if there is then it will certainly help a seriously addicted gambler to stop midway when he has reached his limit in a day or in a month.

Online casinos have asked and told their customers to gamble responsibly in their TOS. Customers need to read it to be aware of the signs of addiction and how to minimize it, but addiction problems are the most common among regular gamblers. Losing such a large amount of money is very sad, but in this case who is to blame?

Why does it look like it'd take more time to handle the issue, there's even witnesses and even the staff themselves have said that they let Watanabe gamble under the influence of alcohol. I was about to question why it's not a law that they shouldn't gamble under its influence but it seems like it's already a thing. And jesus christ, being the sole source of 5.7% of a casino's total profit in a year is freaking insane. I'm just weirded out how it took that much for him to notice that something was going on.

I hope he wins the case
.

If it was pure addiction then yeah, the fault lies among the gambler. But it seems like this addiction was under the influence of alcohol, and trusting the article, it seems like the Casino law itself states that it's not allowed.

From the article:

I honestly don't still understand why people drug themselves while gambling when they are fully aware that gambling has to do with money and a wrong decision could cause someone his financial life. Imagine if you're going into a business and signing a contract when you are drunk. How do you ensure you are taking the right decision during such period?

I like to see gambling like that especially when money is involved. Although it is a past time for people, but a chunk number of people who play gambling today are absolutely after making the profits therefore playing it with all their intellects and energy to win.

The advice I will give to any one already deeply into gambling is not to gamble when they are depressed or when they are drunk and must always gamble responsibly especially with what they can afford to lose.

Well, the fact that this happened in 2007 and still not many people heard about it and learned from it only shows how much stories that talks about gambling ruining people’s lives are not being pushed to the surface of the internet.

If this story was about how someone gamble with a penny and won millions you’ll see the news still in circulation despite being old but those that are meant to educate the masses are being kept away from them. It just pathetic how the contents bloggers are now spreading to younger viewers.

And to think that after a year, if you are already seeing losses, you should already be aware of what's going on with your financials. But if it will continue, then, it means, you are being delusional as you for sure already know what's going on and yet, you are not doing anything. You won't reach to that level - losing multi-million of dollars, if you are sober and have the awareness of your actions. Or you are too stubborn to change your lifestyle because addiction and drugs are already in your system.

The case of Terrance Watanabe is known worldwide as the biggest whale in the history of Las Vegas, I find it difficult that anyone involved in the Gambling world has not at least read or heard this person's name at some point.
In any case, this is a case that is always interesting and relevant, remember, as it serves as an example and a lesson for many people to never make the same mistakes or fall for the same scams as him.

Terry Watanabe could rest easy when he won the civil and criminal cases against Caesar's Las Vegas in 2010, as it is in fact illegal for the casino to allow a person to gamble if they are drunk. Even though the casino accused Terrance again of taking hard drugs and also of continually harassing his employees, the gambler managed to win the case, I just don't remember what the fine was, but I know it was far from the amount that he lost betting and his measured fragility came a few years after he lost all that fortune.

Anyway, from what I've read so far, Terry was a generous person who had a serious problem with gambling addiction.

That's the most gruesome thing I've ever heard in my life.. HTF was anything able to convince him to start gambling? He has a good business that was already producing him so much that he had such a good savings..

Y'all need to watch your habits, cause they can be detrimental atimes. Dude never knew it'd get to an extent he'll be left with no penny! So basically, he enriched the casinos all in a bid to double his earnings. What a way to wax cold easily!
How do you mean? I didn't get this part. Had he been winning althrough till it got to some point - which he began losing?

Real shit right here, and the thing is that this story was sensationalized only because he was already a prominent person to begin with, millions of people around the world with less money than him fall victim to gambling addiction, and sometimes they even go so far as to commit crimes, or subject themselves into even bigger trouble than what Watanabe did right here. Stories like these remind me of what happened to me during my darkest times, back when I was heavily addicted to gambling because of the lack of social contact, and how lucky and grateful I am that I was able to get out of that rut before shit turned for the worse.

But the thing is not everyone's gonna be as lucky as me, people everywhere would fall victim to revenge gambling and in turn, gambling addiction no matter how straight their mental is long as they have no sense of self-control. Terrance knew this and yet he still went through thinking he could beat the casino (and yes I blame him for shit, it's not like the casinos are to be held liable for his losses, after all, he's the one who chose to make those bets in the first place.)

Hope he learns his lesson and that he recovers his money without ever stepping foot on a casino again.

Imagining that kind of situation was what prevented me from going further into gambling when I faced several sequential losses betting. In other words, thinking like that was what saved me from total bankruptcy, what would forbid me from taking any additional advantages of crypto market's bullish seasons and passive income from my investments, because everything would be gone through gambling. I feel sad for the gambler mentioned on this thread, because he has gone through a dark path which I fear to be hard to get rid of the negative consequences it's going to imply over his life.

Now everything he can do is to start from zero once again, but more careful and wise to analyze his actions and measure the potential consequences they are going to impact over his life. He hope he is able to do this, keeping his mind sane and his body strong to endure during the next challenges he is going to face in order to rebuild.

Obviously, this person is in deep addiction already. You won’t see any person betting on that huge amount and lose all of them in just a single day. One who did that is already out of his right thinking. I guess that’s how tempting having everything you have especially in terms of money, that you’ll end up doing things without thinking what would be consequences after you lose everything.

If you are someone who does have that tons or lots of money then you would really be having that kind of confidence on which you would really be playing like a madman since you do know that you do still have money on your pocket on which means that on the time that you would really be seeing that you are already experiencing some hardship because of too much lose then this is the time that you would really be making yourself having those kind of realization that you dont have much more money left on which it is really the moment that you would really be finding yourself having that kind of spending but well its already too late.
The damage has been already done and recovery would really be that so close to impossible. It is really just that too shocking on how someone wouldnt be able to make himself wary that he's losing almost a billion in overall. lol

Just a normal day for people who have big drives in gambling along with big bankrolls. This kind of story have been heard with other rich people and nothing's really becoming a lesson unless it personally happens to you. Huge amount of money indeed to just be lost in gambling.  This is the problem with most of the rich people in both land based and online gambling that they are pushing their luck too much because they're so confident of their businesses and salaries. At the end of the day it is him who'd know if he's in the verge of baankruptcy due to this instance and it will still him to decide whether he would continue playing or haave it a stop already.Actually it is hard to tell. Yes for us it is really a huge amount of money but he's a businessman and I hope these numbers are still under his risk tolerance. If he's being problematic about this loss, then decision should be made by him already. I still consider the idea that he's aware of this and his bankroll is just that big leading to this scenario, since I don't know much of him. He's in addiction if things are falling apart because of this loss.

It's a good law. It should be common sense people aren't gonna be making sound decisions if they're high AF. Thing is, not every casino will follow it as we have seen in this case, the same way not every player will report it once they notice such scenario.

But sadly, the casino in question was only fined for a measly amount. I don't think this made a dent on them especially if we compare it to the amount Watanabe lost.

Yeah,there is no logic in doing this thing.I guess the only reason why he did it is because he got bored of having everything in life and I assume it was a life of no emotions,having a business and running it is quite a monotone life that most people get bored very easily.I know understand that saying that money does not bring happiness to people who are billionaire and millionaires and have everything under their control.The few people who are happy from this category is their children who enjoy their money while the people who have build the fortune usually are sad and not happy,quite a messy world we live in,some suffer to end the month and other have everything and much more than they need.

Money is hard to make, difficult to save, it takes a very determined person to be able save for a long time without spending but it is very easy to waste and lose the money we have saved. Gambling is create and easy means for someone to waste their money. For example, stake $100 million in a slot game and you will run loss instantly, stake another $100 million and it will vanish without waste of time. 3 year is even far for him to have lost all the life fortune but he was just so foolish to have allowed it happen. Gambling is not an occupation and if he was wise at all, he would have known that he can not make such money from gambling.

Never mind gambling while drunk or semi-conscious, gambling while sober without the influence of alcohol or narcotics, we still often experience losses. Moreover, if we gamble in a semi-conscious state, we no longer imagine that what we will face is only losses.

And regarding what happened to Terrance Watanabe, I think that is more than enough to remind us how detrimental gambling activities can be if not controlled properly. The negative impact of gambling addiction turns out to be worse than we thought, because in my opinion the losses experienced by Terrance Watanabe don't stop there, and it could be that he not only loses the amount of money he has, but he will also lose the trust of other people and lost the people closest to him who he loved. So in the future it may be quite difficult for him to return to running his business, because his bad behavior in gambling could become a separate consideration when other people want to work with him. Where maybe other people will feel quite hesitant about working with him again.

I didn’t read the whole article completely - I stopped at the posing when they said he gambled $5 million daily. If truly he gambled all the money under the influence of alcohol which I doubt (because they could be a time when he’d calm down from the alcohol and realize his mistake) that would be a good time for him to reflect on his decision and quit gambling but the fact that he went back means that it wasn’t just the alcohol that influenced him.

I’ll try to do more reading on this case because it’s becoming more interesting - and I’d also want to know if a gambler files such a lawsuit against a casino for making him intoxicated during his gambling session if he’d be refunded all the money he gambled while being drunk or just a part of it.

It's normal for gamblers to experience losses when gambling but it's difficult for gamblers who can't stop themselves from losing after all the losses. Try to control yourself and be careful people learn from mistakes and move forward since you have lost everything, try to recover yourself before taking more risks as luck may not be on your side. Apart from gambling choose other alternative ways to get success. The person who lost in the gambling game will gamble again because of the loss of money. Gambling is the worst and worst addiction in this world. There are many who have become great through gambling but I have never heard of anyone who became great through gambling.

"His total bets that year were $825 million - roughly equivalent to the gross domestic product of the British Virgin Islands."

it's absolutely crazy how one individual has that much betting total. i don't know whether he is really crazy or what, because only a crazy person would gamble that much money and i really wonder how it is possible that he is still alive and facing that much loss and the punishment that will be imposed on him. so far, this is the news about gambling addiction that can surprise me.

Now this is a crazy story, not a sad one.

127 Million is already a lot, I can live a great life with just 1M in dollars what is this man looking for? Was he under a witchcraft power or something? Why is he gambling? To make trillions? This man is a example of massive greed, in one single man, he'll no, I won't feel pity for such person.

While he was saving his hard earned money he should be thinking about investing most of the amount instead of gambling everything away, he is a useless piece of trash, in fact I am very angry with this person, someone like him should be gambling for fun because he already have it all.

He can play these games without using big amount of money, because I believe that most gamblers are into gambling to make money, but he already have it all, what else is he looking for? May humans are asking for grace to get to where he was in life, nonsense.

I could sound cruel but this man deserves what happened to him.

Indeed it's really heart breaking, losing such a huge sum of money could make someone go crazy, situations like this have made many individuals embark on suicidal attempts, it's very heartbreaking when individuals move from here to zero cause at that point, to some individuals it seems like the end of the world cause not everyone would be very determined to start all over again.

 Now this is what happens when individuals fail to gamble responsibly, yes gambling could make someone a fortune but that's a prove it could take away someone's fortune, if T Watanbe was a responsible gambler their are chances that he would've made double the amount he made due to his high staking power but then he decided to drink while gambling and goy drunk as a gambler you ought to be in the right state of mind while on it, alcohol should be tolerated and if you're to drink, drink responsibly.

The lives of businessmen are often filled with vices, that include drinking, gambling and hookers. However safe and successful businessmen maintain discipline in their lifestyle with a moderation in entertainment.

Even more celebs and sport personal waste their lives on such lavish spendings. Here again discipline is important which is much lacking because of their background.

Thing to learn here is that whatever may be your income, moderate your spending.

Even from reading topic name it was clear to me that someone tried to chase his loss and lost everything. A common yet crucial mistake most of the gamblers do, even though from every corner it is reminded not to do that. But in this case, we should not only blame that gambler for being irresponsible, but casino in general, because they allowed him to play while being drunk (do casinos even care about that or that is "gamblers problem"?) and I am somehow sure they have cheated during game also.

That's the importance of self management, It is not allowed to gamble while you're not on your good state because there's a lot of things that might happen in just a snap, just like what happened to the victime, He gamble while he is drunk, Whether we admit it or not, there are times when you can't think straight when you're drunk, you became dizzy, for sure he didn't control what he was doing and only then did he see the effect when it was gone he is drunk.

A lot of money indeed but yet,  no amount of money is worth taking ones own life for. Committing suicide due to a loss of money to gamble in my opinion makes the person much more of a coward than just in the money lost. It's so unfortunately that some gamblers don't seem to know the protective power behind responsible gambling, that's why they don't  seriously to build a self-discipline gambling culture.

This is one of those real life stories that should rather be taken by gamblers (both newbies and oldies) as a caveat that gamble is not an activity anyone would want to get addicted to as there's no gain getting addicted, you'll rather be at the lose end.

Furthermore, a warning that gambling can't be categorized as a source of income even to both the rich and poor gambler. As in, how does this man get to explain to his family and friends that he lost $5M in a day to gamble, this is an amount that many if us gamblers spend years trying to win accumulatively.

he is first off, not a good business person. He should have been wise enough to know that you don't mix business money with your personal money. You don't even gamble above a certain rate from your personal money and you want to go to the extent of gambling with a business money? That's really crazy.

I don't want to be too harsh on him and wouldn't also pity him that much cause if we're being realistic, most addict sees all the signs and red signals but still choose to walk along with it. Once you're addicted, anything can happen and we've had worse off cases when people had even stolen thier bosses money to gamble and end up being sacked and wrecked. The best way to go about any form of addictive lifestyle is to set a limit, stick with it and ensure regardless of the pressure and urge to continue gambling, you don't go above it.

Why Harrah's didn't return the money to Watanabe? they broke Nevada's gambling regulations, so they need to responsible with all the losses. Even though Watanabe is the one who placing the bet, but if Harrah was kick him out from the casino, Watanabe will not lost all of his money.

It's clear we see a double standard here.

When the gambler hit the jackpot, the casino will use any strategy to not pay the winnings, one of the ways is accusing the gambler use tainted money, so he's not able to withdraw, instead they will return the deposit amount.

But when the casino made mistakes, they didn't want to bear it instead they blame the gambler.

For Watanabe the guy in this situations to have lost $5m and still be confrotable indeed shows the level of his deep addictions, although the most important thing right now is to make sure the once successful business man didn't go into depression now that he hard lost his entire life furtun because situations like this are what triggered depression and possibly suicidal thoughts which could be a dangerous state if the guy find himself lonely.
So family and close associate need to rely round him at this point, this is when he needs Their support the most because this is a highly trying time for him since he has addiction to fight and also loses to recover from.

It's mainly happened due to the addiction but there are other factors here that reduced his decision-making ability which is getting drunk while he should be crisp and clear so he could also be an alcoholic telling this from my experience.

Indeed 127M dollars is huge money which won't even be possible if most of the people work their asses of their entire lifetime. I just wonder how come someone successful in his career busted everything off in that way which means he took this gambling as an escaping way that he struggled in his personal life.

Moral of this story: Don't gamble when you're emotionally weak and drunk.

Should we be influence by others from the way we gamble in other that after the deeds has been made, we will be left with the consequences on our actions, friends or other peoples influence in the way we gamble should have limits, we cannot accept every advise given to us by people around us when we don't even have an idea of what is at stake if we go by their advise, because at the end of the day, we will be left alone to bear the consequence by ourself.

Don't be surprised that if a player wins such an amount he'd still wager it back to the house. It's quite a sad story for a wealthy business man to self inflict brokenness to himself. I'd always remind people of the negative impact of gambling for both the rich and poor. People think of the rich being immune to gambling problem. Yet same thing happens to all of us with a brain. What was he actually thinking? One would ask, to have lost all that money within few years. He's rich why then does he go after losses. It's sad, but it largely or broadly levels the notion of excessive gambling not only a habit for the low rollers or low income players.

As you said, the did has been done, and his health should be the next move from his family and friends. Because such a man would be undergoing some anxiety and depression currently. And such a situation is not familiar to him, maybe he wasn't experienced in gambling and got caught up with the compulsive gambling syndrome. Unfortunately, people who stay around wealthy men don't actually advise them, because the rich always appear intelligent. This is the right time to help him through and effective advise, reminding him of the further pains he could face if he's not prepared to stop.

Those that have to stay around him now to avoid depression, like you said, should have stood by him to caution him from the start while he was still throwing his money away gradually on gambling. Those kinds of people need help from the early stages, when they have not deeply been wallowed by gambling. That amount is really huge, and the fact that it took him three years to spend it all on gambling is what surprises me. He should have been stopped in the first or second year. 

Two faces.
1. They are letting Watanabe play even if he is drunk.
2. The casino is just letting him enjoy gambling.

It's hard to tell if Watanabe's claim is true but since it's Vegas, then getting drunk is always a part of it and I bet the casino knows he is drunk so they took advantage of him.
But if a person is fighting against a big company like that, I doubt he will win his case. True, they investigated more but I bet the casino can just let go of his debt if proven guilty and that may sum up everything without any punishment for the casino itself.

The real question is who is at fault?
Will we blame the gambler for enjoying too much since everything is there? From good hotel rooms, good drinks, and a gambling game that he loves.
Or is the casino that lacks at obeying the law to stop gamblers from betting more when they are obviously to and make more mistakes and regret it when they wake up?

Surely, this is a case that needs more investigation, but the article is old (2009) I bet a decision was already made.
Wiki (https://en.wikipedia.org/wiki/Terrance_Watanabe#:~:text=Watanabe%20is%20estimated%20to%20have,losses%20occurred%20in%20Las%20Vegas.)

dealing with this kind of people is very hard to do because they are difficult to approach due to their financial status. Watanabe is a rich guy so obviously he will not hear other people suggestion to him when regards to money or other people will don’t even dare to lecture him on how to control his gambling expenses because he accumulated his money through his own business.

Also this type of people has a huge ego so correcting them is very hard to do unless they already suffer on great failure. It’s very hard to believe that a successful businessman will fall to a trap of casino though.

If under the influence of alcohol then it will spend more without realizing it because he does not realize how much bets have been spent, even if he is addicted to gambling maybe he will not spend so much because seeing the numbers at stake he might realize even though he is addicted.

But this is indeed like it has been deliberately by the casino staff to continue to be given alcohol so that it can affect their minds to be empty to not remember anything even though they are gambling, so this is a complex problem for me gamblers still want maybe he is also a big lover of alcohol.

What is most shocking is that he is a businessman and was playing with large amounts of money, ignoring bankroll management. even if the guy was addicted, they gave him obscure things or alcohol to continue playing without being in his right mind, he still ignored bankroll management, a person who is a businessman has a minimum of knowledge of finance management, planning and money management. risks, and after leaving the casino and being lucid, he could realize the serious mistakes he was making and could correct himself, but apparently the addiction took over his brain to the point where he no longer thought rationally. I also don't understand where his family and advisors were so they didn't stop him from reaching the bottom

Cases like these show how we always need to be moderate in the things we do, this guy was rich, he wasn't playing to make money, he was playing because he likes to take risks, he thought he was invincible and when he started losing, he didn't want to accept defeat, That's why he continued playing in search of recovering what he lost and in the end he became addicted and lost everything. If he had focused on having fun with other things in the real world, not just hanging out at the casino, then he would hardly have lost it all

Imagine being successful on your business, managing your funds, capital, and income.
But couldn't escape from being addicted to gambling, the emotion, thrill and excitement that it gives that drives most of us gambler to keep on coming back till we couldn't control it anymore.
This just shows us how our life could easily turn upsidedown if we couldn't properly manage or control ourselves.

To be honest with you, I can't count the number of times I've sat down to really imagine what its like, or feels like to be addicted to Gambling, and to be sincere with you, even up and until now, I still sometimes feel that this gambling addiction thing is not real, but then, I've seen people who took their own life with their own hands due to their obsession with gambling, being addicted to gambling, and having looked for all means to stop, and can't bring themself to stop, they just felt like the only way to stop was to end their life.
Having both seen this happen here in my area, and reading about the ones that happen in other places and parts of the world, made me believe indeed that addiction is real, and should be avoided at all cost.

Like I stated in one of my previous comments, gambling can be so fun, but like it's commonly said that whatever is sweet can also kill, it's important for every gambler to know and understand the darkside of gambling too much, this should keep everyone on their toes, helping to make sure that what ever style of gambling that will eventually lead to addiction, is avoided.

However, this is heartbroken but it's the gamblers fault because he allowed himself to be carried away by gamble, this is a good lesson to everyone that's gambling when they are drunk just because they have the money to spend. Moreover, I feel pity for the gambler because it won't be easy for him now that he has lost all the money that he have. Gamble is a game of fun for the wealthy people but I have been thinking that many wealthy people today gamble anyhow because they have the money. I don't see any reason why a wealthy man/woman will gamble to make money when they already have a lot of it. From my opinion I think the reasons why Terrance Watanabe wagered 127M is because he has lost more than that secretly then he now decided to weger 127M ones thinking he could win and recover his previous lost bets.

That's just so fuckin' sad because if that were my money, I would've probably done an early retirement and the desire to gamble is probably not in my body anymore but this man chose to be greedy and lost more money than his total net worth, that's one hell of a way to be addicted into gambling. I'm saying this as a conspiracy but I feel like Watanabe is specifically targeted not just by anyone though, it's probably a Yakuza thing too, I mean a businessman of that status, you probably should have some level of control of yourself, my theory is that this never started as gambling but it started with drinking, that's how they get you, alcohol lowers your inhibitors meaning that you're probably going to let your self-control get weaker and in this case, Watanabe was successfully conned by these people that works for the casino into losing everything.

I can wholeheartedly agree that this is a sad story but I have to add that this is a really good story to keep you vigilant with how you spend your money when you're gambling, you never know if you're becoming a sucker for these people so be careful. Note that, I'm not referring exactly to Yakuza, it's just that this style of losing money is akin to how they operate.

First, it was the Nava gambling board that investigated the matter and ended up fining the casino $225,000 for allowing him to play even knowing his condition, which the casino can gladly pay considering the amount they made out from him only. 
 
According to the same article, it was also noted that he demanded only a $20 million refund, which is not up to the amount he wages on a weekly basis in that casino, and then took the case off the court to settle, which is another clear indication that the casino won't pay him even up to that amount and they want things to remain confidential. 
 
I'm just wondering how someone who was said to be part of the richest during his time can make such a big loss and get addicted without his close allies and family rendering him a helping hand. 

That is truly shocking. The person has been with "business, money and strategy" for ages. His must have been really good with money management since he has managed to build such a successful company and earn that much. And it shocking how he managed such amount of money in a single game session. And maybe I am from a different planet, but how come banks, management or whatever or whoever are responsible for him money, did not stop the deal, money transfer, no limit warning. As if he was able to place $127 millions in a single bet, and banks would give a green light for such transaction.

Well, its because the bank account owner is still the one that has the access to its money, so banks or lawyer doesnt have a say on what will the owner does to its money, and maybe the business man in the story put a lot of debt or loan in order to play gambling and that's why he lost a very huge amount of money, well its given for a rich man or wealthy man to be addicted to gambling because they have a lot of money to gamble with and without them knowing they are losing too much money and keep on playing thinking that they have infinite money with is opposite, the thing is losing a lot of money is faster for a rich man than those who has an average life style or status of living, its because they know they are rich so they can spend more and more without thinking.

There are things people must do if they want to avoid addiction or don't want to lose more along the lines since people don't always control themselves when they are drunk, gambling while being drunk could cause serious damage to our lives that is why I tried as  much as possible to avoid some things that could cause more damage; avoid gambling while already being drunk, avoid gambling when you are not emotionally stable such as heart break or disappointment from partner it could be a business partner, avoid gambling while you are busy and wanting to catch up someone both in working hours or place of work.

The cause to earn more has put many people into heartbreaking losses of their fortune. How will someone be able to explain how they were once rich, and later became poor, just because they want to get bigger money from the amount they already have which is supposed to make them feel more comfortable to expand their businesses than wanting to engage in quick money like gambling that is solely on luck, which got so many gamblers to end at loss. I wonder where some people get their inspiration from, that gambling is an easy gateway to more wealth.

Fortunately, people find themselves in something that, they lost their money to, and they become comfortable with it without finding ways to quit than continuing.

It's someone for someone to lose huge money in gambling for the first day, the second day, continuously up to three years and they refuse not to quit during those times they experience the huge loses. However, I don't pity this kind of people who lose hugely in gambling because I believe that their friends or family members must have warned them of their addiction habit to gambling and to neglected their advices, hoping to recover their loses someday.

No. It is not heartbreaking. This was driven by pure greed and he frankly didn't deserve to keep them money. He was already wealthy enough that he could have simply spent 1.5 million per year and never had to work another day in his life. He made a choice to waste away his massive fortune, instead of being content with what he had already. He could of spent a tiny fraction of that on seeking help and trying to remedy his addiction. Personally, with those sort of funds I could find a million other more exciting things to do than sit in a casino handing over money to make someone else rich, it's not entertaining in the slightest and there are better thrills to be had elsewhere.

No, he has sold his business since 2000 and he started gambling in 2003.
From what I read, he received luxurious services and incentives at some of the casinos, that must be one of the reasons why he became increasingly addicted to drinking and gambling.

Maybe we will only know the real story about him after the book or video is published by a media company that has the exclusive rights to Watanabe story since 2022.

I feel so sorry for him and I presume most people are not aware of the huge effects gambling has on their total wellbeing and when you're not gambling with an amount you can afford to lose you end up falling a victim of such circumstances.
I wonder how he's gonna make it to regain such money again it might take him years to even gather up such an amounts again.sometimes to some people it seems like holding such money controls them to gamble more not thinking they might loose it in 1 Minutes.

On the past I have seen stories like this about people losing even more money than that, but it is still astonishing, after all even if I am in pro of gambling and think that everyone should gamble as much as they want, I cannot help to wonder what was that person thinking? Since at some point he must have realized he had a problem and even if he could not stop himself from gambling, he could have asked a person close to him to safeguard his money so he did not lost his entire fortune, but for some reason he refused to do this and now he is paying the consequences of that mistake.

When we consider his bankroll I think we can't say that he wagered a lot... just x6.4 of his bankroll. With some luck and better playing people wager a lot more than just a little over x6 with their bankroll.

I guess this man started losing and at one point he decided to up the stakes (it's happened to all of us at some point) just to get back the millions he lost... but unfortunately, he was unlucky and lost it all.

Because of these things, bankroll management is very important, $10, $10k, or $100m is the same if someone bets more than 10-20% of their bankroll. When we lose what we have because of reckless gambling there's no point in complaining and blaming others for that. We are responsible for everything we do.

It would really be just that common sense for a casino to give out those all possible conveniences and perks for their losing gambler on which these business does really know that someone is already that on that addiction state on which they would really be taking advantage of that. They would really be offering on whatever they could offer as if they do really making themselves look that generous but in the end of the line they are the ones who would really be benefiting out the most. On the time that a certain person/gambler lost it all then this is where you would really be seeing their true colors. They would really be just dumped you like a trash.  ;)

Doesnt matter if you are a multi-millionaire or billionaire on which on the time that you are already that selling out your properties or any posessions then this is a solid indicative sign that your addiction is severe.
Sooner or later you would really be finding yourself that sleeping on the streets and this is the only time that you would really be making out those kind of realizations. You should have done this earlier
so that you do able to avoid yourself on experiencing such devastating condition.

Rich can spend more in gambling because they have lots of money but it can also lead to losing their fortune since gambling is not an activity to assure someone to double his money. Although the story is sad, this all happened because of his choice. Spending money in gambling, drunk while playing, which is not a good behavior because he is already out of control and continue betting without even thinking of the outcome.

Often, we will only realize and regret our actions after losing our money. It's really hard to earn but it's easy to spend. If you don't value your earnings then this can possibly happen.

Wow, this is really a heartbreaking story, the money he had been looking for for years finally just disappeared at the gambling table, I also highlight what the casino owner did here, it is very clear that he actually deliberately let the victim gamble while drunk. so that the victim fails to think clearly and rationally, I know there are many people out there who don't want to learn from other people's life stories, you need to remember that gambling while drunk is the worst stupidity, your money will just run out before you are fully conscious.

At my very first sight of this post Immediately I read the heading of the post I kind of already concluded within me that someone who lost all his fortune to Gambling is obviously an addict. Now to start with, what happened to the phrase "stake what you can afford to lose" ? Now I'm saying this because there is no way you would end of going bankrupt if you stake what you can afford to lose because if staking something of such worth would make you go bankrupt then it isn't worth staking in the first place.
Some gamblers make the dangerous mistake of over staking above their means with the mindset of hitting a high and potential jackpot forgetting that the chances of them losing the bet still exists. As a gambler you should not allow the wager determine how much you stake because nice huge wagers will likely make such gambler end up over staking.

A lot of people have this psychological issue at heart that they are pouring into addictions. I have seen great business people end up in drug addiction as well, not exactly the same because one ruins your health and the other ruins your wealth, but it is both addiction and you should consider the fact that you are going to end up with some issues.

A lot of people could work very hard and do very well when it comes down to working, but they may hide some pain behind their eyes, and those people will end up getting into addiction and just abusing their own situation as well. This is why I believe that we are going to end up with a trouble, we need to realize that the best thing to do would be focusing on how to get better and getting some help from a professional.

Banks or lawyers indeed have nothing to say or suggest how I am spending my money. But I can not go to my bank account, click on MAX and transfer everything. First there are daily and monthly limits. First I need to adjust my daily or single transaction limit to be able to send everything. Moreover, this is not an instant action. And in addition, when a person makes one huge or multiple transactions like that guy who has lost $127 millions, a personal bank manager would give that person a call. Just to be clear if he really is spending that much, or this is someone just stealing money from him.

Every account have daily transaction limit, ones a bank costumer exceeds his daily limit he can no longer make a transaction because the account will be restricted for 24 hours. However that's a good thing that can help an addicted gambler, if a gambler who's addicted to gamble want to help him self he have to go to the bank and reduce his limit so that he will not bite more than he can chew by finding an amount that he can't afford to risk. every rich person have a personal account manager, so if any rich person want to fund all the money he have on bet account, the manger will not hesitate to call because he's a person account manager, so if anything happens to the account he's managing then there will be a problem. Even if a suspicious amount want to go out from the account he won't hesitate to make a call

Its a sad story but I dont feel sorry for a millionaire who couldnt handle it.  That much isnt a rare story really, he grew up rich which was a different story to his parents I guess and so his skills were not the same to run that business.

I feel sorry for people born poor and struggle just to feed themselves.   I dont know they'd handle millions better either but they'd surely feel lucky every day if they got that far so usually those who earnt their riches have had a good reason to value things highly and so they keep the money better.

   Buffet was born during the great depression, he wasnt a poor kid but I presume during growing up he learnt money is easily lost.  Its an interesting story, I hope Terrance can scrape back some worth via his story and give a warning to others.

In my opinion, there is no great person who can control the gambling round, it is just a hallucination for the players who seem as if they have the skill or ability to play. This is human nature, they find it difficult to control their emotions when they experience defeat from gambling and this makes them continue to play and chase previous losses, which makes them addicted to the gambling table.It is difficult to overcome gambling addiction. Of course, addiction will have a bad impact on them, they could do things that are not good, such as committing crimes.Agree with what you said, we have to learn what has happened in our lives while at the gambling table and there are many other ways to earn money besides at the gambling table.

If you love to drink and bet and you're frequenting a casino expect to lose your fortune in a short period of time people are so daring when they are drunk that they bet more than they want to bet, just like what happened to Dana White who unknowingly bet and lose $3 million when he only remembers his bet to be $80k, he learned his lesson well that he will never drink and bet.
Terrance Watanabe could have stopped if he was monitoring his finances. I guess gambling has hooked on him, and he ignored all the warning signs.

In his own case, at least he still manage to wager about that much and a the end then realizes that what he lose was not enough to compare to what he wager for gambling, which means, he is not expected to even feel bad about every of his decisions made concerning gambling and the amount of money involved, he is being able to afford for that kind amount, what if he couldn't, there is no how he could have raised to such amount to wager for gambling purpose if he had not been capable. 

I will only tell him this Don't gamble anymore, it is not for you.

Unless you have a bottomless pit of money, stop gambling.

You will never get it back gambling.

Move on to other activities.

Go feed the homeless.

Go to church. Change your ways because it is not actually frozen you

Being capable is another thing, talking about your finances is another, Mate.

If am to use any word it would be "second chance", given to him of which many don't have such fate. I believe he won't engage in gambling after drinking. When one is drunk, and gambling he isn't in his right sense and logically knows nothing you then over leverage on account and exceed your limit.

Discipline, Moderation, risk tolerance if this is incorporated into our gambling habit this shades us from I'll fated situation like this.

Holy crap- this is just truly heartbreaking to see. Imagine building your own empire on your businesses for only to lose it due to gambling.

This is just a perfect example on how gambling addiction can destroy a person's career- but what happened here is that his whole empire collapsed which resulted to his whole fortune being lost. I just hope that this kind of example serve as a reminder to anyone who is struggling to control their gambling addiction.

Remember, gambling is all about money and that feeling of adrenaline. If you chase for wins in a gambling platform, chances are that you would most likely lose due to the presence of house edge.

Everyone, please be careful with your expenditures in gambling. Make sure that you only exhaust your allocated budget, or if not, create a budget designated for your gambling activities and if you go beyond that budget, make sure to stop and call it a day.

Before someone would be able to use such whopping sum of money to gamble, they must be very wealthy, and I think the said bettor is very financially strong but he's made a very big mistake that he'll live to regret all his life, such figure is not a small one and could change someone's life forever, I know alot of individuals would be saying "gambling is bad, see what it's cause to that man" but then gambling didn't give him alcohol he did that himself.

 That's why i keep saying that gambling ain't bad but reckless gambling is, once people fail to avoid things that would make them lose in gambling or become addicted, then it becomes a problem for them cause their are many people who gamble and haven't fallen victim to situations like this, the least most casinos could do is avoid selling alcohol to gamblers or allowing them bring alcohol to the casino but then how about those who use the online casino.

The problem is he use all his fortune just to come up with that wagering volume and no person in their right mind will do that unless they are not mentally stable just like the subject here.

There’s a point which the majority of the casino profit comes from the guy losses aline which makes it so intense loss. Being capable is different on being addicted to loss all your fortune on gambling.

He is now wasted and asking for online funding to cure his own medical condition after this loses so this only show that he is not really capable of providing that wager since he use all his fortune to achieve that.

Exactly bro, they will not even pay attention to what you have to tell them, unless you are of equal status with them but if you are not in their league, you can not advice them because they might see it as an insult. They may even ask you if you want to advise them how to manage their money?. Funny how that will sound in your ear but you are very sure that they are handling gambling in the wrong approach but they will never agree or adhere to your advice. Which other advice can someone give to them after they have successfully fuck their self up and are down to zero because if pride and lack of listening ear.

I think that a person with that kind of money is far from a stupid person. Most likely, he quickly realized that he had problems with gambling addiction. Why didn't he start getting treatment for this? The Lord frees you from various addictions, including gaming addictions; I went through this myself. Okay, religion isn't for everyone. Why didn’t he go to a rehabilitation center, because if there was that kind of money, he could have chosen any good rehabilitation center and undergo a course of treatment there. As I heard, he lost 5k dollars in one day, this is a lot of money even for millionaires. It’s difficult for me to somehow analyze the actions of this person, I can only say that I’m very sorry for him, I hope that he will find the strength in himself to overcome these problems with gambling addiction

Finally, rich people have a clear knowledge on how to spend their money, so I can say that no rich gambler can lose all his money with a clear eyes. Although, it's easy to lose money on gamble but it's very rare for rich gamblers to use all their money and gamble all of them at ones. It's very obvious that he lost all his hard works just in one day because he was drunk. However, most rich gamblers don't listen to advise mostly if they sees the person given them advice like someone that's not up to their standard. They won't listen and they will ask you this question.

My take on this is that the gambling company have no share in the blames, it is entirely the fault of the gambler because one of the caveat of the gambling company is "gamble responsibly". There is no way the gambling company will know that the funds were his entire fortune, besides, they were not lost at once so the responsibility is on him. The family and friends might not have acted so fast else when they saw his businesses going down, they would have asked questions and see the reason. From there they would have been able to help him overcome that addiction.

This is a wonderful lesson for us all, gambling is a good business but we have to abide by the simple rule of not gambling with what we cannot afford to lose.

Wow 😳😲, that's money is fucking huge man and the worse part is that he is not even a footballer or musician or someone that has that kind of massive income flow that can easily correct his errors. A business man having that kind of funds must have really worked his ass off because that money is no joke and all in the name and desperation of gambling ended everything so swiftly. I mean that's the craziness of gambling addiction, it can make you go mad with your habits.

It is absolute foolishness or madness, just like you said, a business man who managed to amass such amount of money must have worked his damn ass off in the previous years, and just about when it is time for him to relax and enjoy the fruit of his labour, gambling addiction set in; making him to lose all the money he must have spent tens of years gathering, in just 3 damn years.

To be honest with you, if this happened in my place, many did say that man was bewitched, that is, some voodoo kind of stuff must have been done on him to return him back to poverty.
This tells how important it is for us all to look after ourselves, knowing fully well that whatever is gotten can aas well be lost, which is why it's often said that nothing last forever, but losing such an amount of money to gambling is suicidal for me to be honest, I better don't make as much money as this, than make it only to end up losing it to gambling, big shame on me if I was in the man's shoes.

Totally a waste of fortune,eh?

People wont really be making out those realizations on the time that they would be getting addicted with gambling and this has always been the case for most people is that they do really believe that
they cant be able to mess up themselves towards gambling. They are really that confident that they could be still that rich in the end of the line if they would be tending to spend up even more.
You would really be having those kind of beliefs into your mind that making easy money with gambling is possible. Yes, it could happen but the luck you would really be needing should really be there.
Forcing up yourself on playing despite of the loses then you are really just that making things getting worst.

Play according into your leisure needs and never ever make that kind of thinking that you could really be able to make yourself that rich even more. People never getting that contented
on the money that they do own. Some do play for pure leisure but majority will really be aiming for more money and this is where things starts to mess up.

I don't think it turned to nothing but when we play gambling we are also gaining a dopamine. It's a kind of chemical that are released in the brain and it allows us to experienced a different feeling or emotions such as getting thrilled/excited and happy (only to name a few). Apart from that, we can also earn a profit by the time that we are lucky.

There are lots of people who are also addicted in gambling and majority has worst case than him because they lose all their wealth quickly but for him, it still took him 3 years for it to use it all. Also, an $825M wager is actually small for the capital that he allocated. Not that I'm bragging but I can sometimes wager high amounts only from a tiny bankroll.

Three years? I can show you people who lost it all in three minutes.

Anyone can just go all in on their bets and if it works, great. But usually it doesn't work out and, well, bye bye funds.


Gambling addiction is real and it's no joke. That's probably why you see otherwise very well off people just betting and betting ever more funds.

They should've allowed him to self-exclude himself before any of this happened.

That is true, this speak volume in my heart we should learn how to control our emotion once it comes to gambling mostly when all that you have labour for over the years is to be engaged on the process such situations of gambling to me it's extremely unwise as many do said that gambling with what one can loss and see it as spare money is quite good in all ramifications because if it's a spare money the Man wouldn't have been in such predicament.

Though many say that life can happen to anyone but not in most cases because some case inability to structure how the life will go for you as a person leads to such, poor planning and articulating of the outcome of what one want to take as risk is very dangerous.

That's why we must learns how to control ourselves because playing gambling needs to be moderately and not use much money to avoids the big lose. That's a lessons for us not to takes it seriously when playing gambling and considers to use gambling for a fun activity and entertain. The lose will be certain if people can't control themselves in gambling and the lose can be bigger if they still not aware or realizes about that. They also must remember not to drink alcohol when they playing gambling because that can makes them lose their minds and only wants to playing gambling. They will not see the risks becomes bigger while they just knows how to spends their money in gambling games. They will difficult to wins the games as they becomes too serious playing gambling without thinks that they already lose much money.

Addiction, I wonder how is family is actually coping now, sadly he failed to  see earlier too much pleasure is pain.

One lesson I learnt from this is from the  fact that it doesn't matter if others are cheering for you and loves or admire you for what you do, try to check how each decision you're making is affecting your life because this man had fans including others who just came to the casino to watch him play, I guess all these false glory affected him and he became  what he is now,  how cruel Addiction can always be, sigh.

127 million dollars is a very big amount, to be honest, but he was able to beat it because of the extreme addiction he has and the fact and the fact that he can no longer control himself in such a situation. That's the only thing that's a bit scary when you're addicted to gambling, which is that if you let it swallow you and control you, it will really destroy your own life and can even lead to a crime in the end.

Even 1M$ is very difficult to earn, in fact it's 127M$, geez! and OMG! That's a huge amount, so it's important that we learn what is called self-control and self-discipline, and there should always be a limitation when playing gambling.

Controlling emotions is essential in gambling, the biggest weakness being getting extra money. In my opinion I think it has more to do with genetics than anything else for years I've struggled with gambling addiction so it's no longer okay to win here. Some people with addictions have compulsions for drugs or lying or shopping etc. whereas I myself have no problem controlling my emotions with these things.

I believe that although they did take advantage of him, he got himself in that mess. I don't know how someone with that much money could gamble...at least gamble that much. Makes no sense to me.

Of course, apart from the scandalous amount, we have to think that he lost everything he had. For others it might be $50,000 but that's gambling everything.


That's due to mental problem, addiction. If you read the news you will see that he could spend 24 hours gambling on $25 multi-line slot machines. That's not right in the head.

Yeah, addiction is something that we must avoids. We already see what the impact of addiction to our lives so we must not use gambling as a serious thing in our lives. We will gets that pain when we becomes addiction and that will impact to our family whether they like it or not. Our family lives will also ruins because of our addiction and everything will changes becomes worst.

We have that lessons so we must always take care of ourselves and not use much money to playing gambling. After all, playing gambling is only for fun and in our spare time and not too often playing gambling because that can triggers us to becomes addicted to gambling. The addiction can ruins someone lives and their family and no one wants to experience that so we must be careful when playing gambling.

For them, rich people gamble more than anything because they are really looking for satisfaction and adrenaline which is much more desired, many rich people don't care about the risks and losses they can incur when gambling but in the end they still lose large amounts and disappointed.
Anyone will definitely regret it if they spend quite lot of the money they have just for gambling, especially if it drains all their wealth then in state of collapse they will become like crazy people or lose their enthusiasm for life.
All of this should be able to be minimized from the start of entering gambling, but however, when you first enter gambling there will definitely only be excitement, curiosity and also emotional increases that are unstable and lead to many mistakes.

Limitation in time and finances are the main factors in context like this, isn't it very sad when someone works or does business at any time in several years and has to be destroyed because of ephemeral pleasure and satisfaction.
Maybe after something like this happens they will be able to think properly and that is the experience that is called the most useful teacher.

he was deeply addicted on gambling. $825M wager in a single year is not a normal gambling. he loss $127M which is really huge big amount. gambling shouldn’t use seriously. because it is not a type of business or a investment. gambling is a bet which is really depended on luck. so taking a big risk like this It is not the work of any intelligent person. I will also say that such an incident should not happen to anyone else. every gamblers should be careful when they gamble

I could never loss that big but I could be bankcrupt if I let myself addicted in gambling. just to bad for him, he was smart enough to become successful in his business but too fool to fall on the trap of gambling addiction. if he is really good in business, he can climb from being drown and be successful again, but I wonder how that experience in his life would affect his thinking, some people might have result to committing suicide, I hope he'll stay strong.

This may not happen to us but we can always learn from that news, as long as we are gambling, we are all at risk of getting addicted, but knowing the consequences of addiction will help us minimize the risk of getting into that low life level.

If they don't spend the money on a clear eye, then what do you think is the case? Are you thinking voodoo? That's not what it is, bro. 

In this case, the gambler wasted the money in three years. Perhaps something has happened to him that just made him so addicted to gambling, and gambling addiction is something that is very difficult to stop, mostly when the victim doesn't agree he or she is addicted and also when it's an addict that doesn't allow anyone to advise them. You know that it's not any kind of person that can just walk up to a rich man and advise them; they usually have their circle. 

That's exactly how I think about such things.

Someone who builds an empire from scratch cannot be as reckless as this guy who loses all his wealth in gambling. A hard-working person knows what it takes to earn money and to become financially stable or independent, and such a person can never spend all their money on useless things.

I know the guy was addicted to gambling, but he wasn't addicted initially, he could always back off knowing that he is spending way too much money on it. I'm pretty sure he was in his senses in the initial stage when he started gambling, and no one gets addicted to gambling so quickly, it takes some time for them to reach that state.

You will never know for sure until this happens to you, that's the thing about this one. Even if we try to relate and put our feet on Watanabe's shoes, we still can't fathom what we should do next, that much money would probably make some of us think that we've got an infinite money, that's why I believe that even if the case where we're put into that situation, it will probably come to the same end. Also, addiction isn't something that you would know that you've contracted, it will manifest without you noticing it and by the time someone points it out, you're already addicted so it's for this reason why I don't think that he's a fool for falling for the gambling trap, some people are just too obsessed that it just clouds their judgment. Knowing is one thing but actively preventing and having the discipline to not get addicted to something or just straight up saying no is another thing.

        -    5 million dollars in a single? man! that crazy, really crazy mate. It's a lot of money. In our currency here in the country I'm in, that's equivalent to 275 million in our money. My family can live for up to five generations. That gambler is definitely very rich; well, that's their money, and they're just enjoying their lives, and they saw that when they played at the casino here with cryptocurrency.

While I have never earned 1 million dollars in my entire life because I am not rich, how much more can 5 million dollars be? It's crazy, to be honest.

Who is to blame for a person playing while drunk? I think there is no one to blame for this. No one forces a person to drink, no one forcibly pours alcohol into him. The fact that he made a lot of money from the business is cool, but he apparently played not for fun, but to increase his capital. The desire for quick wins and easy money ruined him. Of course, it’s a pity that most likely he won’t be able to get his money back. This is a harsh lesson not only for him, but also for many other businessmen and players. You can lose everything if you take your bets lightly. If you don’t know probability theory well, then don’t consider casinos and sports betting as income.

I think the problem of gambling addiction is not that common, but if someone becomes a ludomaniac, it's always a disaster. I am convinced that awareness of the danger of gambling addiction is already half the success.
If a person understands how dangerous gambling can be for the development of addiction, then he is already on the right track to protect himself from this threat. It is important to pay attention to the signs of addiction and not allow gambling to cause serious problems in life.

But I think that discussing this issue helps everyone to stay strong against gambling addiction. After all, everyone here remembers that taking care of one's own health and well-being should be a priority in all circumstances.

If rich people don't care about the risks and losses, they will lose much money or all of their money. Playing gambling must have control to avoids the big lose so no matter if they have much money, they must not use big money to gamble. It's better they use their money to create a new business that can gives them profit than just playing gambling. Using the big money to playing gambling is never suggested because that can drain their wealth fast without they can realizes. When they see that they already lose some money, that will be the time to stops their gambling activity and leave the casino. There will not be a good decision if they deposit more money just to keeps playing gambling because that can cause them lose big money.

Yes, limitation will be the key to prevents the big lose but they can still enjoy playing gambling. With limited money and time, they will not have to worry with losing much money because they can knows how much money they will use to playing gambling. We all have bad experience while playing gambling but we can fix that so that will not happens again.

As a gambler who likes visible-located casinos, don't ever take any free drinks or food from the casino, you can be a target without you knowing that you are.

Especially people who are rich like this man, they will want to get the best of him for sure, he let his guide down and got stung, I will blame the casino for these losses, they are preying on him to make him lose.

I also don't get why many rich men like this person will decide to gamble with millions, I have friends who told me that if they can get some amount every month as salary they will stop gambling forever.

The reason why many people are into gambling is to make money, and the other few are here to have some fun, many will choose to walk away from gambling if they are already worth millions in dollars.

The amount of money he had earned hard throughout his life and the position he had built up in the society, he had lost in no time. In this case I must call him a fool because how can a person who can run his business in such a good condition get addicted to gambling and how can he get addicted and lose all his money. It is certainly a sad case but the person you mentioned must be very greedy and very stupid because if he was not extra greedy or stupid he would never have gambled away his entire business money. His incident will be a lesson for some traders. There is no problem if you have a habit of gambling but don't let the habit become an addiction because whenever the habit becomes an addiction it will bring its own destruction.

This article was written in 2007, and the update on the case was

https://en.wikipedia.org/wiki/Terrance_Watanabe

The moral of the story here is even if you are the wealthiest man in the world, you can blow everything or lose everything you worked with on gambling it takes a year to lose everything that you've worked hard all your lifetime, so draw the line with money that you can afford to lose and don't let your ego play and if you're drinking a lot do it at home not in a casino, because casino might take advantage of you during your weakness or when you're drunk.

That's a serious f*** up story from that businessman. Whoever gets to enjoy his wealth but then suddenly falls into gambling will have to deal with the consequences.

He worked hard for his assets and what he's got then it will turn out to be gone easily.

I can't imagine how painful it was for him and to the people that are caring to him most.

This is why we have always advised that gambling should be done on the basis of having fun and aswell if you must gamble, make sure to risk that which you can afford to loose and not that which will cost you a fortune because most gambler end up in situations as this that they get to loose their fortune to the casinos and it turns out the casinos don't refund Even if you have lost a fortune neither do they compensate you for loosing a certain amount at a particular time because they know if it were you who got to win such amount, you most likely wouldn't even ask the casinos to keep some of the funds you will rather take all and even more if possible.

The casino happens to make profits when they get such big losses from their customers, it's always advised even by the casino that one should always try to stay responsible as much as possible at the casino by gambling with only that which they can afford to loose basically it was just the fact thst that man lacked discipline and at some point greed that got him to that point in his gambling habit.

Both alcohol addiction and even gambling can be considered an illness which does seem to indicate he has some leverage in his court case to argue his poor health and unsuitability to gamble.   

I would expect a settlement of some kind to occur, you could even consider it some form of cashback or return on his losses.  Casino already sometime give back bonuses on that basis so they might be more amiable then first appears.

   Obviously somebody is advising Terrance and giving legal representation.   If he is broke they are taking a cut of whatever earnings from the court case come forward so they are confident in being paid, I expect some payment tbh.

Uh-huh. Alcohol is evil, so it's best not to use it when money is involved. It doesn't matter whether you are in business or gambling. Do it sober, and then get drunk if you want. Alcohol and drugs can stupefy the mind, and we all understand that to leave the casino with a winnings in such a state is very difficult. I do not understand why this person after the first major loss did not realize that to repeat this experience is clearly not worth it. Or he continued gambling without sobering up?

That is not  sad story  in which forme a stupid story instead ?

who is in his right mind that will let His all time earning to lose just like that? where in the world .

Sorry to say that but i am not for here to sympathize because he do not need that .

and also that is the casino scheme but that is our own decision to make to gamble while we are drunk.

On the one hand I want to say that he is a fucking idiot who could have lived a life of luxury for himself and his descendants and has screwed up because he is an idiot. But on the other hand, I understand that there is a big problem of addiction and compulsive behavior behind it.


That's why I say, you have to be crazy, you have to have a deep psychological problem to do such a thing.

We do know that there's no such thing about unlimited money on this world. No matter how wealthy or rich you are but the chances on losing it all would really be still there. It might take up some time specially
if you do have that income sources but on the time that you are already spending which is more that on what you do earn then this do really shows or putting up the tendency or probability that you would be losing it all.
Just like been said earlier that there's no such thing about unlimited fund on which is that using up on gambling or the amounts involved talk about which is more than on what you are earning that messing up your life with is something that would really be already next in line. It would really be just that a waste if someone would be losing all his/her wealth because of unresponsible gambling.

Regret do always comes at the end and not earlier. It is really just that impossible that you wont really be able to notice that you are already spending that much but since you are confident because you are rich
and having that multiple income source then that confidence would really be leading into demise. Imagine it did take 3 years which is already long but losing all the money or wealth that you have established yourself for too long and vanished into thin air just because you had made yourself that become that irresponsible on the actions that you are making. Gambling is really just that for fun and not for making more money.
Once you do have that kind of mindset and impressions towards gambling then sooner or later you would really be ending up on a disaster.

I think we need to be able to appreciate what is given to us. If he had that much money, he could just stay away from work all his life and enjoy his vacation.
But this man decided that he needed even more money. Either he was jealous of other rich people, or he wanted some expensive purchases, but so really heartbreaking.

In general, with his huge money, he could hire good doctors and psychologists who would get rid of his addiction.

There is a very good proverb: “Greed leads to poverty.” Very well said, in my opinion. Most smart investors and businessmen become more conservative as their capital grows. And this is quite rational behavior: in fact, why risk most of your capital when you are already rich and will have enough money for the rest of your life? But, apparently, this is a special form of gambling addiction. So to speak, the gambling addiction of rich people who go crazy with their money.

What you say is very good, in fact you reminded me of a saying that they say where I live with this type of things: "Greed breaks the stock market" and I think that a relatively rich person, if he loses all his money, it is because he has no education financial, and you can Forgive him for that, but if you don't know how to have or manage your money you have to look for a well-studied financial advisor so that you can improve and not spend everything, sometimes it is not our Fault if we are born poor, but if we are to blame of dying being poor, because there are many opportunities to do things well and have some money, and earning money always means knowing more, being very good. smart too, so you can't excuse someone rich from losing too much at a casino or sports betting.

I think you are right Op. Majority of gamblers that over stake and sometimes probably end up as addicts are actually making those wrong moves and mistakes because of their intent which is fueled by greed. Some other times some gamblers end up being blinded by their emotions and continue to place bets over and over again even when they are losing and end up losing even more than the lost initially which prompted them to blindly stake.

Weather foot baller, musician or not, it's very improper to stake above your means as a gambler. Every responsible gambler should have a boundary and limit to how much and how often they carry out gambling activities.

Simple but meaningful.

The effect of it can really make someone deal with poverty. Because if you know how to make riches, you're not going to spend it randomly on gambling.

It's okay to gamble but you're going to protect your wealth and you're not going to the point of your life that you can afford to lose them all.

Gambling addiction Is fucking real and can cause more harm than good to anyone involved, this this has just mealted his finances in less than a year, this calls the need for education on gambling addiction and finding ways to help those thar are already too dip put if that financial pit hole that threatens to destroy them.

An addiction to gambling is a reality and it can do far more harm than good to any person involved. This addiction can in less than one year totally decimate an individual's financial situation with irrevocable consequences, thus, education about the dangers of gambling addiction is very essential for everyone. There are people who are already down too deep in such a hole that engulfed their money which means they are almost destroyed; however, we need to find ways to help them despite the seeming hopelessness of their situations.

The point for us all to appreciate is that gambling addiction isn't a trifling issue that can be left unattended. It's not only about losing money; it's also about the profound emotional and psychological effects. Individuals caught in a gambling dependency tend to feel hopeless, ashamed and helpless.

If we are to be of any assistance to these individuals, the first step is to educate others on the perils of gambling addiction. This includes implementing awareness programs in schools, communities and workplaces, an effective initial action. Moreover, provision of access to counseling and support services holds weight in this matter as well. The reality is that a large number of individuals require specialized assistance to extricate themselves from this quagmire of addiction.

Of course the impact resulting from gambling will certainly make someone lose all their wealth if they cannot control their gambling activities and what is worse is that they have a lot of debt out there of course this will put them in problems that are difficult to solve and for some people who understand well the difficulty of earning money, of course they will not spend more of their money on gambling and they will gamble according to the money they can afford and remain in good self-control.

To be able to protect our wealth, of course we have to be able to control the gambling activities we do and not gamble too often and limit the funds they use for gambling, but this is very difficult for some people who have experienced an addiction to gambling.

Its wild to me that people who already have all the money they could need in the world still turn to entertainment in this form. Surely there are other forms of entertainment that are affordable, especially if you're a multimillionaire! This man lost his focus, and therefore he lost his life. It just goes to show you that if you lose focus of your business and life and turn to forms of addiction you will lose it all! Temptations, pleasures, money, its all fleeting. What is sure to stick is the proper character when focused on with sheer discipline and restraint. When you work hard and sacrifice, this is what will keep the rich richer & even turn the poor man turn into a rich one.

Whoever is saying that it's not real is probably a person that doesn't know the alphabet or has the logical reasoning of 5 year old. I don't even think it's worth discussing over whether it's real or not when you're against that kind of person, you're wasting your time because they're as close minded as they can be. Such a sad thing that this kind of thing happens to someone because that money you'd be losing is going to hurt really bad when you look back into it and the regret that you're going to get is going to be really bad that you might think worse things, maybe the help wasn't there for that person that they weren't able to get out of that pit that they call an addiction, it's a sad and pathetic life to be had but hopefully those people realize it and try to get out of that addiction as soon as they can, change in your life will never be too late until your heart stops beating after all.

Addiction to gambling spells disaster for any type of gambler. But more disasters are brought by those who expect more from gambling. It is not difficult to imagine how deadly the gambling addiction is for a person who knows how to bet with 127 million. Gamblers who only care about winning don't know how bad their situation can be if they lose. They do not follow any rules of gambling. Gamblers are advised not to think of gambling as a money-making scheme, but those gamblers ignore it. Although many people own huge amounts of money by such aggressive betting, at some point the gambler will lose all his money. If the wealth built up after years of hard work and is lost in a moment then not everyone has the fortitude to bear it.

Yes, I have read about his stories, one of the richest person before his time. But he then fall into addiction and become one of the biggest loser and If I'm not mistaken, he sued the casino as well because they fueled this gambling addiction by giving him everything.

And it just shows that no matter how much money you have in the world, you are going to lose that in gambling if you don't have control. But at least he had his family to help him out to recover.

Yeah, it's really hard to imagine people that are rich going to fall into gambling addiction like this stories. I mean they have all the money in the world, and yet he decided to go and try to test gambling and then we went on a gambling binge and he realized what he had done until it's too late. So just imagine what went wrong with this guy, or for us average gamblers who loses money and then the next day we are affected by it. And I don't think that anyone should go into this experience as it is frustrating for him but hopefully he is doing ok now.

There's no such thing about unlimited fund on which no matter how wealthy you are on which there would really be that a tendency that you would be losing it all.It might not be instant but on the moment that you would really be continuing on playing ambling which sooner or later you would really be sleeping on the streets. Gambling loses could really be that limitless on which it would really make that a rich man would be sleeping on the streets on the moment that they wont really be that having that good moderation or control towards their gambling activity. We've seen those people who are really that sitting on the top
but ended up on losing everything because they cant really be able to control themselves on playing on which this is where most gamblers do really end up and its not new or shocking anymore.

Gambling should really be just that for fun but when people are really that confident because they do know that they do have tons of money on which they could play as much as they can.
They would really be that only mindful on the moment or time that they would really be experiencing hardship because on the moment that they do still have money. Regrets do always come at the end
and if you are really that careless when you do play gambling then theres no doubt that you would really be ending up on this kind of condition, but if you are someone whose
really that responsible and wary on the actions you are making then there's no way that you would be ending up yourself on a disaster but of course its easy to be said that done but
its not impossible.

That could happens to rich people who gets into addiction because people can gets tempts with gambling easily and that can makes them forget with their limitations instead will still playing gambling to chase the next wins. But that doesn't easy as gambling will not gives them money like they wants so they must realizes that even for rich people, they will not have a big chances to makes money. If rich people doesn't realizes about that, they are fool because they have a lot of money that they can use for many things, including makes a business that can produce money but they use a wrong way to chase the wins from gambling. That will only makes them lose much money and sooner or later, their money will be gone fast and they will regrets when they see what happens to them.

It's hard to accept that honestly when you're able to build your business empire and they have been stable. But with single triggered ness and you're able to let your emotions control you.

All of it are going to be gone on an instant and your life is going down hill instantly.

Plus, you're going to have debt after that so it's hard to imagine that someone who's too good with his business goes to that with a single mistake but done repetitively.

People with alcohol problem and other social anxiety problems which is common to rich people can be an easy prey from casino trap. Physical casino like Caesar Palace usually invite high rollers like in the subject by different benefits and let them sober with alcohol while playing since they knew that rich people can easily out of control with their money since they think they have a lot in the bank.

Once rich people already have a taste of gambling pleasure. It’s very easy now for the casino to lure them to play further by offering different benefits whenever the player lose.

Also his family problem play an important part on how he ended up on gambling rather than spending his cash wisely.

Yes, that's the risk when someone gambles, they have to be willing to lose all their money if they can't control it because gambling addiction is difficult to cure, although there may be a role for family or parents to help them recover, but it's also not as easy as imagined, it all has to be a process from oneself. To recover from a gambling addiction is quite difficult, that's why don't ever think that gambling can make you a lot of money and can make you rich in an instant, it's definitely impossible to get it, let alone win against the dealer.

Make gambling just for fun and entertainment because if you are serious about making money that is not the right goal, gambling must be done with the awareness that it is not a place to make a profit, let alone a source of income, what you say is true, isn't it? no matter how much money we have, we will eventually run out and go bankrupt, if we gamble, we cannot control the gambling we play well, because it is difficult to win against the dealer, be wise to gamble with a different mindset, namely to have fun and just for entertainment. not for money.

Yes, crazy debts with constant phone calls, it's rare to get encouragement from someone and the addict's presence is erased, in some cases actively ending this misfortune, economic crisis comes with mental pressure, these are the diseases of the century for gambling addicts and the number of people recovering is too low. In general, money management and how to preserve money from being wasted are really important, whether rich or poor, gambling is always flexible to turn entertainment purposes into richer purposes, therefore, every step in gambling always requires increased awareness and avoidance

It is really weird to see such a business man who had such fortunes becomes a victim of such wrong attitude to gambling, if it was just for mostly the fun then he stepped too far and getting drunk yet still gambling, I feel really sorry for him then. What if he never regained everything he lost, maybe he would still be in extreme poverty. Many who would fail to learn from others mistakes will learn by experience and may not be lucky to regain back his wealth like he did.

wager a whooping 825M $ in just a single year when he lose that 127M. what a joke is this I mean this is crazy 800 Million this is in US dollar right that a lot of money you can buy anything frenn  so he basically loss 127 Million from the gambling addiction I mean 127 Million USD can be used in a lot of thing including buy a nice house and even can live happily without work with wife and kids.

So what happened with him right now is the company went bankrupt after this news comes out?

In gambling, if you don't learn how to control your urges, regret will come after you have lost everything you had, which is usually at the end. Gambling is a choice, and addiction is also a choice that an individual makes when they stop listening to their conscious mind. The moment someone starts developing symptoms of compulsive gambling, they will always be aware of it, but when they become ignorant of their lifestyle, they will become addicted. This man who lost his fortune in three years can only get it back if he stops gambling and faces other better sources of income, and depending on how long it took him to create a huge wealth, it will definitely take him a long time to become rich again.

Indeed it was a very sad story for a man to labour so hard to build his business and at the end lose everything, perhaps this is the kind of experience that makes most people to commit suicide because it will be very difficult for him to bear the pain considering the fact that he will be starting all over again and perhaps losing this kind of money could sometimes caused the person his marriage because no woman would like to stay with an addict who can use anything to gamble, however if eventually the man was able to build back his business he will not be able to think about gambling again because he should be able to learn enough from what has happened and make amends.

Gambling addict is something that nobody should ever wished for because it could make someone do what they never expected to do and will always results to a regrettable outcome, that's why is always advisable to have control on there gambling habits instead of being controlled by the gambling because this is not the first time we have been hearing a scenario like this were people borrowed money and invested all in there gambling and at the end they lose everything and also how most people sell there properties to gamble.

It is likely that he would have been homeless if it was his last money.
But it is crazy when an addict can spend $825 Million in the last 3 years, and even that after a whopping $127 million.

Even that is so crazy, spending $127 million is a lot of money and can change someone's life.
I don't know what's on the person's mind, and maybe to avenge the initial defeat.

I wouldn't even be able to live a quiet life if I lost a lot of money because of gambling.
Even losing $10 dollars made me think all night, let alone millions of dollars.

Now it is indeed very easy to do gambling, you can even directly transfer your bank balance to the gambling machine directly as in the video I found below.
How easy it is to do it and lose money fast.

https://www.talkimg.com/images/2024/05/25/Lnzs9.png
https://x.com/weirddalle/status/1773947513307107632

People say "the only winning move is not to play," which is ridiculous. Men, life's a gamble. We gamble daily with our choices, occupations, and relationships. Gambling in its purest form magnifies that. Not everyone should go to Vegas and spend their savings. Let's not vilify the act. A character test and tool. Self-awareness, discipline, and odds matter. Richest men in the world. They think they're invincible? Even they can be swayed by the game. Controlling your urges matters more than money.

Check the stock market. Isn't that gambling? We're betting on companies' futures. You can invest, not gamble, with the correct knowledge, strategy, and risk management. How does that affect casinos and sports betting? Think of it as an investment. Set goals, budgets, and limits. Know when to quit, win or lose. Don't let the excitement make you make emotional rather than rational decisions.

Internal loss of control is more dangerous than external loss of money. The boundary between enjoyment and addiction, measured risk and wild abandon, must be recognized. So have fun. Roll the dice or spin the wheel, but keep your cool and focus. Control the game, not the other way around. Unless you can do it, you may want to leave.

Yes you are right and no body wishes to be addicted some day but ones the habit of greed is installed in them, they will end up getting addicted to gamble. Gamble addiction is real yeah, it can also make a gambler to lose more money, it's important to know the kind of money/amount you can afford to risk instead of using the whole money you have to gamble and at the end of it all you lose everything.

Risk to the very end, because it's a race and winning ought to be the end results. Never stop having positive results and mindset, we should always have the necessary runs to elevate ourselves because they're the evidence of progress. Gambling is good but the level of anticipation should be balance with Real time. Addiction should not be welcome, it is another level which I'll pray my enemies don't get mixed up with gambling addiction, it's tough and it's never a good run on our sides.

This is a clear example that gambling addiction will lead us to destruction and this is what is feared if someone experiences a gambling addiction because in their minds they only want to gamble and think of it as a game for fun, rich people think that gambling is part of the fun and they It doesn't matter even if they have to spend a lot of money to gamble, but they don't realize that this bad habit continues to happen, it will make the user become addicted and gamble carelessly and not be able to control themselves and if the expenditure and income amount is more, the expenditure will eventually go bankrupt as well. like the entrepreneur you mentioned who spent millions of dollars in just 1 year.

With this incident, the government should pay attention that everyone who wants to gamble must really do it consciously and not while drunk because gambling while drunk will make a person lose control and have more freedom in spending money but will regret it in the end because the gambling has become very worrying. I am quite sad to see the stories of people who are addicted to gambling which is detrimental to themselves and their families :(

While you have good intentions, it does not seem as this is the kind of thing that can be implemented successfully, after all even if alcohol could be prohibited from the casino area, many casinos have a restaurant area in which they can legally serve alcohol to their clients and then they can comeback to the casino area while being already intoxicated, and as you may guess this will be impossible to implement at all when it comes to online gambling, as it is not as if we can monitor the activity of all the millions of people that prefer to gamble from their own homes.

Nah, it is not the government that should get reminded by how people spend their money carelessly in gambling. The government doesn't have a say with how these gambler's behavior towards gambling. Everyone is free to spend wherever they want and whatever they want to do with it.

With such, the gamblers are the ones that needed to be reminded because if they won't see and hear this kind of incident. They are going to do the same mistake just as how this businessman turned gambler lost everything that he has built for 3 years.

It's painful but I guess that if that guy will be out of gambling completely, he'd be able to get back on his feet in no time.

yeah , i still cannot imagine someone that spend almost half of their life making their wealth
but in just a glimpse of an eye they will let all those funds gone just because of gambling? this
is craziness and never to be followed , and hope that person will never recover anything that
he have lost in gambling because he does not deserve to be a wealthy person .

In gambling there are usually profit losses, a gambler cannot gamble correctly when he starts gambling.  Because if he gambled correctly then every gambler could make a profit. So if a gambler gambles regularly and retires and takes a break from gambling then it is definitely possible to get some benefit from gambling, usually the rich have fun gambling. A person who earns money and indulges in gambling and suffers losses and loses all wealth can never prosper later, because people can earn in the beginning and in old age they cannot earn as they did in the past.

In this story, it was of no small importance that the player allowed himself to play while drunk, in my understanding, dealing with finances while you are drunk should be taboo for any person. And here the person who managed to create such wealth, I don’t know if there is any point in blaming the casino, because this is a business, they make money when the player loses and they don’t care what condition you are in, as long as you are ready to give them your money. But if you have $127M, then allocate $1M to gambling and lose it if you want, but losing all the money is too much...

When someone playing gambling, he must know that he can not gets profit or win many times. He must realizes that he can lose many times than win so he must not playing gambling too often or excessively. If he can win, he need to take a break for a while to reduces his emotion and happiness of his winning because if he can not stops for a while, he will want to keeps playing gambling to chases more winning. He can get lose after his winning and that feels sad when he see his win money is gone. When he lose, he will want to adds more money to recover his losses but that will be difficult. If he add more money and continue playing gambling, he can lose all of his money. That is why he must stops playing gambling immediately before everything is change and he can not gets his wins.

Playing or gambling why tipsy is very dangerous as situation or such mood can drain a labour of years to zero, it's one of the wrong step , the best is to avoid any gambling a moment one realize he has drunk because at that point everything appears infinitesimal and one can 
Make uncorrectable mistake.

Even at right mood is hard to win casino game as the possibility of wining is very low compared to that if the casino wining , to play such game when one is not in right mood is like death sentence as the loss with be uncountable. From op I concur it's very possible that one can loose all he labour if he happened to play gambling games under the influence of alcohol or wrong mood as it's not even possible to win easily with right sense if operations.

This can make someone crazy losing 127 million dollars  and the sad part is that this is His hard earned money and His whole life and maybe of His family also .
and 3 years? maybe he battle a long trying to chase his losses and sadly ending him losing everything.

Of course that’s true and this is one thing I always talk about people should be careful on how they treat gambling processes. Gambling is not something that you feel like it must go one day you should continue. Yes it’s really true that it’s most really gone one day, but take it easy let it be in the graduate process, you don’t have to come in a hurry to make money that you definitely lose more than what you have think of you just end up losing more and more so being careful is the best thing. I suggest gamble wisely and try not waste money. Don’t gamble when it is not necessary to gamble gamble in the right time

Easy money never stays long in our hands, that is how I observed many stories in my country who win millions in lottery tickets but all of it has gone too fast not even last a year.

And I know why he ended up like that, an empty pocket because he never knows how to manage their funds in the right way. What is in his mind is to keep on gambling, have everything he wants, and enjoy life. Yes, it is just one day when all the money is gone will realize what he did and remorse.

Maybe if we also win that amount, we also end up like that. We can't really feel the feeling of winning millions after several years of gambling, you will certainly be saying I deserved these things.

Imagine you are now close to having your stable life, and just because of your gambling addiction, you are suffering; it's hard to judge him, possibly because of his mindset that he can have a monthly salary and have their own business he has the backup plan of supply for his gambling activity and with that large amount seems he has a large bet every game, with the high-risk return gameplay which is possible a greedy gameplay too not all the time it works with the gambler. Even with that large money feels sorrow ideal if he make a cut loss with his gambling and not chasing too much.

No one wants to be addicted consciously but many gamblers are addicted. Recently I saw a friend of mine lose over 6 months of savings in betting within two days. He is so addicted that he considers gambling a part of his job. But unfortunately after losing that money he is behaving humanly unbalanced. When he shared his loss with me, I told him directly that he was addicted. But the interesting thing is that he does not admit that he is addicted. There are many gamblers who are addicted to gambling who do not even realize they are addicted. At some point they lose all their money due to addiction.

Most people do not want to admit they are addicted because that will mean that they have lost so much control over their lives they cannot deal with it anymore on their own, also this means accepting the responsibility of trying to get better, which is not easy at all, so denial is their answer, hoping that things will just improve somehow but as we know this will not happen, as they are just delaying the inevitable and they are just making their recovery harder with each passing day in which they do not admit to this.

There is something quite wrong with someone that could throw away these sums of money, they either have mental illness or they have been so cushioned by family wealth that they don't know what to do when if an inheritance made it's way to them. It is completely bizarre to have everything in the world available to you and throw it away in return for a bit of a buzz from a few spins on gaming. I don't even hold the casino responsible in this situation, someone of his level would have been well aware of the risks and what he was doing, but instead of accepting responsibility for his poor decisions he is now pretending to be a victim. A complete lack of self control and restraint led to the financial downfall here.

It depends on the winner's financial management skills. A person who doesn't know how to manage money and has never had or even thought of having a large sum of money would surely not be able to manage it if they win a lottery or hit a big win from gambling all of a sudden because they never had any plan or thought of doing specific things if they got this much money, so now when they have it, they get confused and out of that confusion, they spend that money recklessly.

A responsible person with good financial management skills would make great use of the money they have won. The first thing they would do is probably to start a business that they know can run very well because that will be something which will keep generating money for them. They can make investments and stuff and at the end, they might buy a house or whatever they need for themselves.

Yeah, but if you have to look at it, and if you are trying to be smart, then you can be set for life if you just used your winnings for like investing in other assets and not just give it back to the casino itself. But as you have said, it's very different, individually, there could be gamblers who's mind is closed already and just wanted to continue with their gambling, hence they fall on the category of addiction.

But then again, perhaps a small percentage of gamblers who knows that their winning is not going to last and so it's better to invest and create more money and then not go back to gambling itself as they might be tempted to just push everything they have for that one big win that might not happen.

This is what I don't understand, people win but still want to be at the table playing..people lose they still remain at the table to keep playing , then when do they really get up and leave that table because there is no fun losing  money and the longer you play at the table the more likely you are to lose money??? I know most people can easily be carried away from gambling but when you feel lucky isn't on your side, there is no shame in walking away and trying your luck on a different day!!!

Some sad story of gambling your life away indeed, and clear evidence of winners know when to stop..how do you lose a fortune that took you years to build within minutes  :'( hope our friend is back on his feet trying to make his fortune back and maybe stay of gambling or play with smaller wagers...

Terrance Watanabe is a very rich man but he is known as a heavy gambler and he is used to gambling in gambling houses in Las Vegas, and in fact he has been banned from gambling, it's just that there are gambling houses that still allow him to gamble, and he can gamble as long as 24 hours, so clearly he is an addict. Maybe the money he spends while gambling is not commensurate with his income in business but still it can lead him to bankruptcy, and if you check his name on Wikipedia (https://en.wikipedia.org/wiki/Terrance_Watanabe) he is known as a high roller in Vegas
https://www.celebritynetworth.com/richest-businessmen/terrance-watanabe-net-worth/

If there is a person who has an ordinary income and has been saving for years but loses it in gambling, of course, it would be a very stupid act because it would really affect his mental state and could lead to other problems that would be detrimental.

Addiction arises by itself without the gambler realizing it, he starts betting with full awareness, but the situation and atmosphere while playing will lead them to enter the subconscious which makes it difficult to stop even though they are losing continuously. Addiction should be avoided by being a responsible gambler to prevent losing all his money which can lead to depression.

The gambler never felt he was addicted, but his attitude and behavior showed that it was very difficult for him to stop gambling. Addiction will always have negative results on the gambler's attitude and also his finances. A person who is addicted to gambling needs to be monitored and advised continuously so that he can reduce his habit to prevent unwanted things from happening to him.

Yes and it is really concerning after hearing such news, we work hard to collect money for years and those savings are gone so quickly and easily in just a matter of minutes.
I imagine that person must have experienced quite severe depression and could even think of ending his life immediately because it is not easy to accept the loss of a lot of money with the results of such great struggle and sacrifice and lost due to the mistakes and carelessness that he has made.

He should have a clear goal why he should save for many years.
If the initial purpose of saving is to buy the desired item or to go on vacation, it should be used for that purpose.

But some people are tempted to get into gambling that ends up using their savings little by little, then putting it all in.
It is about how control over money must be carried out strictly.

A foolish act that would make you lose money that has been saved for years should not happen if someone is not interested in something.
Maybe he sees a gambling ad or sees someone hit a jackpot of up to millions of dollars, then he tries to get the same result.

Yeah sometimes that could be the course because most people always continue chasing there lost hoping they could get back what they lose and before they no everything they have is all gone and if in a case that the person is already 60 years of age starting all over will be very difficult because he no longer have the strength to start building afresh again, so perhaps like I already mentioned on my previous quote here, that's one of the reason why most people will choose to commit suicide because they cannot endure the pain and blames from people and families. So actually there are some certain risk that are not worth taking at all no matter how much they had already lose.

That's why we should stay away from gambling if we can't control ourselves when playing gambling. Playing gambling can tempts us to keeps playing many gambling games without stops for a while and we just use more money to feels the excitements. The lose that we gets from gambling games will not gives us understanding that gambling is just for fun. That person will depress seeing what happens to him, especially if he lose everything he had.

Many people lose their money and other things they had and that makes them end their life without thinks that still have a chance to solves their problems. At that moments, those people will not see the chance instead everything is dark and end his life is the solution. That's why if you wants to playing gambling, you must have self control and many other things that will helps you to stay aware from the temptation.

isn't this manipulation on the part of the casinos or are the rights of physically stimulating and manipulating people to gamble irresponsibly part of the government approved policies for them. Targeting rich drunk and vulnerable clients to gamble out of their way should be an offense and such that the gambler should be able to sue the casino for taking undue advantage of him while he was drunk and get the casino to pay for the damages they caused him.


This sounds too easy, I know he had also lost more in the process of recovering his loss, but finally the media only reports the successful result and not the roadmap to it. congratulations to him for the recovery and I hope he stopped leaving himself to the mercy of the casino, else he would loose everything back and start all over again.

I also want to contribute this as much as this is a huge amount it can also happen to some smaller gamblers that usually stick small amount and it happens that the person lose his or her fortune the couples of millions of dollars of personality and individuals or the person does and the person's income it not everyone that has up to a million so whatever you lost according to your income it's a fortune to you so this happened regularly every day I know it sounds so big because it's a couple of millions of dollars, so this is just how it is it's not because it's a meaning of dollars it's technically just the same thing like others and it's just an individual difference.

We have differences in the space but when it comes to profits and losses, we differs. We have made millions and also made huge losses which also affected our portfolio. We have nothing left except our shadows luring around, perhaps that's not the end because some of us summon courage to rise back up, while some didn't. We're always having numerous issues when it comes to gambling but we should also be extremely careful in the space.

Gambling while drunk tend to damage the brain decision making acts and increase unreasonable risk taking.

That is the result if gamblers who have experienced losing a lot of money they certainly cannot accept the bad luck in their lives, frequent defeats and losing money easily and quickly make the feelings and minds of every gambler shaken terribly.
Instead of wanting to find a way out properly and quickly but not supported by the right common sense and of course he will take a shortcut like ending his life immediately.
It is better to play with the right limits so that the money we have collected over the years is not drained just for gambling.

Yes, it's still the same in my opinion, only the amount is different, but if you look at the percentage of money spent with a fair calculation, it will look the same where someone who only has $1000 in assets and then loses it in gambling, the case becomes the same, but the highlight is that the amount is large and comes from a well-known businessman, isn't it a very rare thing where that person must be much more aware of the world of finance and business but is still trapped in gambling and loses all his money.

Maybe there are others who are different like what you said because they know the risks and know how gambling can take a person to lose money that he cannot lose.

Every beginner usually always takes shortcuts when they save to buy something but it takes a long time to collect it, so they try something new to get money faster, say by gambling for example, maybe they can see people on the internet wins big at gambling or is a streamer so he is lured into trying the gambling game without a guide, especially since he feels confident and even confident that he will win big at gambling, but in fact he actually loses a lot and experiences big losses, losing all his savings in just an instant.

Many people are trapped by what they see around them, not all of them win against the bookie, let alone win big at gambling, it takes luck to get it, besides, don't ever think and hope that gambling can make us rich quickly, let alone help us achieve success. what we want, never try gambling without any knowledge because it is the same as throwing away money without proper control. Any mistake should be an important experience so as not to repeat it again in the future.

Will we ever hear casino stories that aren't sad?

And some people here are still discussing with a serious look that rich gamblers can afford to lose. :)

How did this happen? Did the casino itself give Terrance Watanabe alcohol? :)

If the casino is not a place to make money (these colossal losses prove that), then at least this gambler probably had a lot of fun.:)

By the way, what will the court do about this? So far the casino played by the rules and they are fair in other extra considerations of free will, I do not see how anyone can hold them accountable. The worst is to show compassion and give a rebate for his huge gambling activity. To start with, this was never gambled in a day to call them wicked by the court, it was done over time and I don't expect them to know his entire worth, especially if he is widely perceived as a rich man. This is a huge sum of money though and I am sincerely sorry for this guy, but it shows a lack of maturity, and foolishness at the same time, he actually perished in his own greed and irresponsibility and should be blamed entirely for this.

In between, what was done in a year, did the alcohol not clear at times so that he could retrace his step before it got this ugly? These are what the court would consider.

Do not go close to gambling if you do not have the nerves and senses for it, you are already rich, what else do you want to the extent that gambling now took hold of you? This is ugly! My rule with gambling is to have my plan before entering the house or opening the platform and abide by it, and if at all am under any intoxicant, I shall not take any extra action. He should have known better than that and I wonder what his PA, friends and associates are looking until he wrecked himself this much.