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Terrance Watanabe Owes 15 Million in Gambling Debts
Nebraska high roller Terrance Watanabe (52) will experience tension and anxiety of a different kind this week when he appears in court on four criminal counts arising from his failure to honour 38 casino markers worth $14.75 million written between October 22 and December 11 in 2007. The markers were issued for amounts ranging from $200 000 to $875 000 at two Harrah's Entertainment Inc. properties in Las Vegas.
Watanabe is alleged to have signed the markers at Caesars Palace and the Rio All-Suites Hotel & Casino, and his lawyers will claim that he had intended to pay the markers, and is a man of character admired in his home state for his philanthropy and kindness.
In Nevada state law, casino markers carry the same obligations as bank cheques, and the authorities are additionally permitted to impose 10 percent recovery or collection costs from those who fail to meet their obligations.
Deputy Clark County District Attorney Bernie Zadrowski told media that Watanabe agreed before an arrest warrant was issued to appear before Las Vegas Justice of the Peace Bill Jansen this week. Watanabe will get a chance to post $1.5 million cash bail to remain out of jail pending a trial, Zadrowski said. No plea will be taken at his initial appearance.
Legal representatives for Watanabe said he will "absolutely" plead not guilty when his full trial commences. He could face probation or up to 16 years in prison if convicted of all charges.
Watanabe is the heir to the fortune of Harry Watanabe, founder of Oriental Trading Co. in Omaha, Nebraska who grew a small gift shop in 1932 to a large import wholesaler and direct marketer of toys, novelties and party supplies. Watanabe jnr sold the company in 2 000, subsequently developing a reputation as a generous benefactor to political campaigns and nonprofit organisations.
The case is one of the largest of its kind in Nevada, and will include a $1 475 050 claim by Clark County, representing a bad cheque processing and prosecution fee and a $50 surcharge.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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