How Casinos Trapped a High Roller to Lose $240 Million

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on March 15, 2025

Terrance Watanabe inherited the successful Oriental Trading Company but spiraled into addiction when he lost $127 million in just one year at two Las Vegas casinos. The casinos enabled his gambling with lavish perks like a three-bedroom suite, monthly airfare, and $500,000 in gift shop credit. When he couldn’t pay his debts and was sued for $14.7 million, Watanabe fought back, exposing how they exploited him with alcohol and drugs, leading to a legal battle that rocked the gambling world.


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