Skip to comments.Gambler blew $2m in 43 minutes
Posted on 05/19/2009 7:05:45 PM PDT by Justaham
A COMPULSIVE gambler was banned from Crown Casino after he blew more than $2 million in 43 minutes, a Melbourne court has been told.
Harry Kakavas allegedly told casino chief operating officer John Williams in August 2006 that he was feeling "deflated" having lost $30 million over four months.
Mr Williams urged Mr Kakavas to take a break from gambling at the casino, the Victorian Supreme Court was told on Tuesday.
But Kakavas, a high flying Gold Coast property developer, replied he was "fine" and proceeded to play games of baccarat, losing more than $2 million in 43 minutes, the court was told.
(Excerpt) Read more at frasercoastchronicle.com.au ...
This guy can come over and play cards with me anytime.
“This guy can come over and play cards with me anytime.”
I’d hate to be betting against this guy if he gets hot.
Odds are in my favor that he won’t.
Blew $2mil in 43 minutes? With this kind of potential, all he needs to do is cheat on his taxes and he’ll have a job offer with the Obama administration.
how much you wanna bet he’ll be back soon...
He must think he is a US Senator.
Leonard Tose gambled away the Philadelphia Eagles.
Some people have a serious disorder.
Except that he blew his own money.
A Democratic senator!
It sounds like he is really bad at cards. He should stick to the slots.
In a six-month period, Archie Karas turned a borrowed stake of $10,000 into $17 million. Karas, is 43 years old. He wears a John Gotti hairstyle and two demure gold-and-diamond pinkie rings.
He is a inveterate gambler. Karas loves to be referred to as the undisputed champion of gambling.
“I’ve gambled more money than anyone in the history of the planet,” he claims.
An obituary by Dan Dunkin captured Tose’s life: “To put Leonard Tose’s life in football terms, he threw on every down.”
” having lost $30 million over four months.”
Chump change. He doesn’t hold a candle to Obama.
Can the casino avoid any liability when they asked the man to step away from the gambling table, like bars that tell you “no more beer”?
“...during a period of 16 months Kakavas turned over $1.5 billion in bets at the casino....”
So, he only loses $30 million after turning over $1.5 billion?
Reminds me of a comedian’s skit...Rondelle Sherida talking about gambling....
mini-baccarat is my game. I can usually average $20-$30 an hour winnings. Doesn’t sound like much but if I go into a casino and stay 5 hours and leave with $150, I’m doing better than 98% of the rest. And I get compted food and stuff also.
Baccarat has a house edge of about 1.06% The expected loss is about 16 million.
He’s perfect for the job of a leftist politician. With a little experience he could catch up with the pros who know how to blow through billion$ of taxpayer $$$$ in less time. Be patient....he’s still major league material however!
I’ve never understood how casino gambling could appeal to someone who is already extremely wealthy.
My point exactly. If I have $40M, I can doo a lot of stuff and gambling would not be one of them. I guess it’s a disease.