Few Days Back I shared story  Power of Money Which is Story of Adam Khoo (Singapore’s youngest millionaire at 26)

But Today Story is About Terrence Watanabe Who Lost $127 Million in Gambling

According to  Wall Street Journal Terrence Watanabe had lost as much as $127 Million in one year Gambling binge at at the Caesars Palace and Rio casinos

Watanabe inherited an unbelievably flourishing business from his father. He sold off the business in 2000, and took to gambling.

These Days Terrence Watanabe is facing criminal charges, filed by Harrah Inc. According to Harrah Watanabe still owes millions to them.

Watanabe alleges that thestaff at Harrah’s plied him with liquor and painkillers as part of a methodical plot to keep him gambling.

All said and done, Watanabe is surely a loser. His own attorney, Pierce O’Donnell, says that Watanabe “takes full responsibility for his condition at the time…He’s not saying that ‘the devil made me do it.”

“It’s a tragedy. He was so addicted and so out of it, he didn’t really realize what was going on,” avers O’Donnell.

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