The Story: After blowing over 127 million at the casino, on ex-wealthy Vegas goer is suing the Casino.  Here are some tips on when to cash out your chips and call it a night.

The Search: Watanabe

Anyone who knows that Kenny Rogers has a career other than rotisserie chicken entrepreneur, should also be well-versed in the country crooner’s simple yet sage five-step gambling strategy:
1. Know when to hold ‘em.
2. Know when to fold ‘em.
3. Know when to walk away.
4. Know when to run
5. Never count your money when you’re sitting at the table; there’ll be time enough for countin’ when the dealing’s done.

Judging by a record one-year losing streak that cost him and netted Vegas casinos $127 million, Terrance Watanabe has probably never even heard of Gambler’s Anonymous. Having amassed a hefty deficit at both the Rio and Caesar’s Palace accounting for 5.6% of their revenue for the year, the party favor import tycoon is now suing Harrah’s Entertainment Inc charging that they kept him pretty much wealthy in drink and drugs while he consistently bet on black only to see it come up red.  While the real-life casino cooler’s case may hold some water, we find it slightly hard to justify litigation on an industry whose main goal is to get you to happily squander your fortune.  You’d figure that after you lose your first $5 million or so you might want to rethink your decision to take part in the World Series of Three-Card Monty. The hopeless high roller was probably confronted with more than a few signs that he probably should’ve heeded before it got out of hand, and we’re spelling them out so you don’t make the same mistake.

1. The Cast of “The Biggest Loser” is in town yet everyone keeps using that name to describe you.
2. The Vodka-soda you ordered tastes more like your own salty tears after a few hands. (more…)