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Gambler blew $2m in 43 minutes
www.frasercoastchronicle.com.au ^ | 5-19-09 | Daniel Fogarty

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 ...


TOPICS: Miscellaneous
KEYWORDS:

1 posted on 05/19/2009 7:05:45 PM PDT by Justaham
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To: Justaham

This guy can come over and play cards with me anytime.


2 posted on 05/19/2009 7:12:07 PM PDT by Kirkwood
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To: Justaham

Oh my...


3 posted on 05/19/2009 7:12:18 PM PDT by gate2wire
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To: Kirkwood

“This guy can come over and play cards with me anytime.”

I’d hate to be betting against this guy if he gets hot.


4 posted on 05/19/2009 7:13:51 PM PDT by gate2wire
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To: gate2wire

Odds are in my favor that he won’t.


5 posted on 05/19/2009 7:14:45 PM PDT by Kirkwood
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To: Justaham

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.


6 posted on 05/19/2009 7:16:31 PM PDT by PressurePoint (Conservative = Liberty, Security, Prosperity)
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To: Kirkwood

how much you wanna bet he’ll be back soon...

betcha


7 posted on 05/19/2009 7:22:40 PM PDT by Former MSM Viewer ("We will hunt the terrorists in every dark corner of the earth. We will be relentless." W 2001)
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To: Justaham

He must think he is a US Senator.


8 posted on 05/19/2009 7:24:27 PM PDT by Raycpa
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To: Justaham

Leonard Tose gambled away the Philadelphia Eagles.
Some people have a serious disorder.


9 posted on 05/19/2009 7:25:13 PM PDT by Lancey Howard
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To: Raycpa

Except that he blew his own money.


10 posted on 05/19/2009 7:25:56 PM PDT by kenth
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To: Raycpa

A Democratic senator!


11 posted on 05/19/2009 7:26:04 PM PDT by Justaham
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To: Former MSM Viewer

It sounds like he is really bad at cards. He should stick to the slots.


12 posted on 05/19/2009 7:28:02 PM PDT by Kirkwood
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To: Justaham

Archie Karas

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.


13 posted on 05/19/2009 7:28:10 PM PDT by Justaham
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To: Lancey Howard

An obituary by Dan Dunkin captured Tose’s life: “To put Leonard Tose’s life in football terms, he threw on every down.”


14 posted on 05/19/2009 7:30:30 PM PDT by Justaham
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To: Justaham

” having lost $30 million over four months.”

Chump change. He doesn’t hold a candle to Obama.


15 posted on 05/19/2009 7:36:59 PM PDT by Gator113 (Weak-coward-racist-white hating-lying-traitor= Surrender Monkey in Chief-B. Hussein Obama...)
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To: PressurePoint

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”?


16 posted on 05/19/2009 7:37:07 PM PDT by tbw2 (Freeper sci-fi - "Humanity's Edge" - on amazon.com)
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To: Justaham

“...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?


17 posted on 05/19/2009 7:38:31 PM PDT by USMCPOP (Father of LCpl. Karl Linn, KIA 1/26/2005 Al Haqlaniyah, Iraq)
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To: Justaham

Reminds me of a comedian’s skit...Rondelle Sherida talking about gambling....

http://comedians.comedycentral.com/rondell-sheridan/videos/rondell-sheridan-—baccarat-bust


18 posted on 05/19/2009 7:43:10 PM PDT by jakerobins
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To: jakerobins

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.


19 posted on 05/19/2009 9:40:41 PM PDT by packrat35 (Nancy Pelosi is a liar!)
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To: USMCPOP

Baccarat has a house edge of about 1.06% The expected loss is about 16 million.


20 posted on 05/19/2009 9:44:32 PM PDT by MediaMole
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To: Justaham

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!


21 posted on 05/19/2009 9:55:14 PM PDT by tflabo (Truth or Tyranny)
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To: Justaham

I’ve never understood how casino gambling could appeal to someone who is already extremely wealthy.


22 posted on 05/19/2009 10:26:40 PM PDT by Welsh Rabbit
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To: Welsh Rabbit

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.


23 posted on 05/19/2009 10:29:32 PM PDT by Justaham
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