Japanese tycoon Terrance Watanabe gambled away nearly $127 million at the Caesar’s Palace and Rio casinos in 2007, and now is suing the casinos even as he faces criminal charges for refusing to pay them over $15 million in additional debts. He claims that the gambling establishments allowed him to gamble while intoxicated in violation of state casino regulations, and otherwise share blame for his outlandish losses, believed to be the most any gambler has amassed in a single year. Continue reading →