5 stories of the biggest gambling losses
Tags: Affiliate Marketing, Betting, Gaming, Affiliate Programs, Internet Marketing

Hello friends! Along with the multi-million dollar jackpots, there are also the biggest losses in the history of gambling. It is from this money that prize pools for winnings are formed. This is a rubric ”Big jackpot”, and today Mostbet Partners have prepared for you the top stories about massive casino failures.

Story # 1. Harry Kakavas and a billion lost dollars

Harry Kakavas is an Australian real estate dealer. He made a decent fortune selling homes on the shores of Australia. The more the state became, the more actively Kakavas’ passion for gambling grew.

At the peak of his gaming activity, Harry lost more than $ 164 million in just under 5 hours. His rates were at least $ 300,000. And once, walking into a casino in Macau, the billionaire lost $ 4 million in one evening.

Kakavas wanted to claim almost $ 21 million from Melbourne Crown Casino. He explained this by the fact that the casino intentionally did not allow Harry to win, and took advantage of his addictions. He even sued and demanded an investigation. But very quickly, Kakavas lost the case, filing a subsequent appeal, which led to nothing.

As a result, Harry Kakavas has an incredible loss — as much as $ 1.5 billion in just one year!

Story # 2. Terry Watanabe and the biggest loss in gambling history

Terry Watanabe is traditionally one of the most famous losers in the history of gambling. His arrival was a holiday for the casino administration. Initially, Watanabe was a co-owner of a company specializing in the sale of souvenirs — he worked with his father. After a short time, Terry sold his share and decided to celebrate this event at the casino.

In 2007, he gambled over $ 120 million, and over the course of the game, he spent over $ 205 million. Watanabe literally did not leave Las Vegas casinos, changing tables and machines. Harrah’s shared that 6% of the total casino income for the year is money lost by our hero.

Story # 3. Kerry Parker and the Australian scope of the game

Kerry Parker is a well-known media mogul and desperate high roller. At the beginning of the 21st century, he became the leader among the losers in the casino. In just three weeks of slot games, he gambled over £ 20 million.

Kerry apparently suffered from a gambling addiction. One evening he lost over £ 15 million by betting on four roulettes at once. And then he left the casino looking as if nothing had changed.

Story number 4. Fuad al-Zayat or how to lower a plane to a casino

Fuad al-Zayat is a Syrian business millionaire who had the misfortune of visiting Aspinall’s casino in London one day. There, the Businessman lost over $ 800 thousand at roulette in a matter of minutes. During the same night, he spent over $ 3.6 million.

Another big loss of Zayat took place in the same London, in the Ritz casino. There, the millionaire first lost $ 16 million, and then — for a number of debts to gambling establishments, the British court arrested Fuad al-Zayat’s accounts and collected a debt from him in the form of a Boing 747 aircraft.

Story # 5. Omar Siddiq — losing 140 years in prison

The top manager of Fry’s Electronics — Omar Siddiq — with an official income of only $ 225 thousand per year, immediately lost $ 8 million per evening. But this is not his biggest loss. In 10 years, Omar has lost over $ 167 million.

As it became known later, Siddiq was not only a top manager, but also a swindler. He might not have been suspected of shady schemes, if such large-scale failures in the casino were not listed behind him.

How did he cheat? Omar became the founder of an underground organization and thanks to her he sold electronics to the company for which he officially worked — Fry’s Electronics. It was assumed that this scheme will bring multimillion-dollar kickbacks to the fraudster. This was until the court found him in violation of the law. As a result, Omar Siddiq was sentenced to 140 years in prison. And besides that, he was left to pay debts to all the casinos in which he played.

Some failures are so epic that they are hard to imagine! The hope of gamblers to hit the jackpot does not go away even with very large losses. One thing is indisputable — one can fit into the history of gambling not only with a luxurious win, but also with a billion-dollar loss!