Do you guess what was the highest amount ever lost in a casino?

When a person has a lot of money, it is relatively normal for them to think of doing some extravagance, but one thing must always be kept in mind: money, just like almost everything in life, one hour can end. Then follow the saga of bad luck of the worst gambler of all time.

Success Story

It all started in 1977, when Terrance Watanabe became president of the Oriental Trading Company, a Kansas-based company that specializes in creating party kits — candy wrappers, lollipops, bladders, and the like. The deal went so well that Terrance's family had amassed a fortune of $ 100 million.

Everything went well in the Watanabe's life until Terrance retired and, like many US retirees, went to Las Vegas for a period of fun. That's when he went from being considered a successful businessman to the worst gambler of all time: at Wynn Casino alone, he lost $ 21 million. That's right: twenty-one million dollars. How is it possible for someone to lose that much money on gambling?

And it gets worse

Although 21 million is an absurd amount to lose in a casino, Terrance has managed to make matters worse and apparently 2007 was not the best year of his life. That year, when he was at Rio Hotel and Ceasars Palace - because apparently running out of $ 21 million wasn't enough for the guy to ever set foot in a casino again - Terrance lost an impressive $ 127 million. The highest value lost in history.

Of course, the guy didn't even have all that much, so he stayed until 2009 paying off his gigantic debt - of the $ 127 million he was able to pay only $ 112 million. After running out of money, Terrance had to face legal problems, after all he owed $ 15 million and would definitely have nowhere to get that money from.

This is not a happy ending story

In his defense, the bankrupt businessman said he was drugged with drinks and medicines to keep betting on and on. The casino denied making the man ingest any kind of drugs. In addition, several witnesses claimed that the gambler had smelled cocaine and smoked a lot of weed while in Las Vegas and therefore acted indiscreetly and sexually abusive with several other gamblers.

The fact is that the process itself was not favorable to the gambler and, despite trying to say that he had been induced to continue gambling, Terrance had the debt forgiven by the company that ran the casino. The story had everything to end there, right? Wrong.

In 2013, the establishments involved in the Terrance case were fined for allowing the client to play under the influence of drugs. The amount of money the casino had to pay as a fine was small close to the profit it made from Terrance: $ 225, 000 - 0.2% of what Terrance had spent there. And that amount was directed to the US government and not to the bankrupt businessman. Sad ending, huh?