Gambler Who Lost $127M Claims Vegas Plot

During a year-long gambling binge at the Caesars Palace and Rio casinos in 2007, Terrance Watanabe managed to lose nearly $127 million, The Wall Street Journal reported. The run is believed to be one of the biggest losing streaks by an individual in Las Vegas history. It devoured much of Watanabe's personal fortune, he says, which he built up over more than two decades running his family's party-favor import business in Omaha, Neb. It also benefitted the two casinos' parent company, Harrah's Entertainment Inc., which derived about 5.6 percent of its Las Vegas gambling revenue from Watanabe that year. Today, Watanabe and Harrah's are fighting over another issue: whether the casino company bears some of the responsibility for his losses. In a civil suit filed in Clark County District Court last month, Watanabe, 52, says casino staff routinely plied him with liquor and pain medication as part of a systematic plan to keep him gambling. Yea,....thats it....thats the ticket....they drugged me...yea...and lots a booze.....thats why I was losin.