No one can beat the house forever, is a popular saying that every gambler knows. Whenever you walk into a casino, you can only win or lose, and as history has proved it, the chances of losing are higher than those of winning unless you have a well-packed strategy. The problem is, after your first loss, you will stake again, hoping to win and recover your lost money, and then you lose. You will win every now and then, but it is never enough. Well, everyone knows the risks, right? Now, the biggest winners in casinos are the whales and high roller celebrities who stake millions and sometimes billions even on the riskiest games such a dice roll. Here is a look at 10 whales who made the biggest losses at casinos around the world.
- ♦ Syrian loser Faoud-al-Zayat seemed to get a taste for big losses when he tried his luck at London’s Aspinall’s casino on his favourite game, roulette. He opened his account with £500,000 in chips and lost the lot in a crazy opening fifteen minutes of play.
- A Thai permanent resident lady of about 35 years old who dresses as a tai-tai.
In his second post on Taxi Talk, he talks about real-life encounters with Singapore casino patrons. Thank you for the many comments and encouragement after my first post last week. This week, I would like to talk about the social impact of the casinos in Singapore and how they are affecting families in our community.
Harry Kakavas is probably the best example of how wrecking a gambling addiction can get. The case of Kakavas V Melbourne’s Crown Casino is one of the most famous cases in which a whale sued a casino trying to recoup their losses. Kakavas had total gambling turnovers of $1.5 billion, all made within a span of 14 months, and most of it was lost at the Crown in Melbourne. He made some of the biggest losses known to any casinos from Melbourne to Macau to Las Vegas. The most famous one was when he lost $164 million in six hours after gambling away $300, 000 per hand. He also lost $4 million in Vegas in a single day. Most of the money was borrowed, and he ended up in bankruptcy and deep debt.
Being a big whale in Las Vegas has lots of benefits, but most disheartening are the stories that come after big losses. That is exactly what happened to Terrance Watanabe in 2009. He had a gambling addiction and a drinking problem, and according to his lawyer, Caesar’s Palace and Rio Casinos in Las Vegas, both owned by Harrah’s Entertainment Inc, took advantage of them to bankrupt him. He bet $825 million in the same year in the two casinos and lost $127 million, making it the biggest gambling loss ever in Vegas history. His losses made at least 5.6% of the big company’s annual revenue.
He said he would bet continuously for 24hrs staking up to $50,000 per hand, leading to losses of at least $5 million per day. The casinos had given him an outrageous betting limit of $17 million and even sued him for a $14 million gambling debt he was unable to pay after his disastrous spree. They were involved in a court battle as Watanabe claimed the casinos exploited his addictions while the casinos said he was a criminal that wrote them a bad check. He went broke and even had to fundraise in 2017 for $100,000 to fund a surgery.
Siddiqui is the former marketing manager of Fry Electronics, and by former, we mean he was fired after gambling away over $65 million of the company’s money that he acquired illegally. He had a gambling addiction and also one of the biggest whales at The Venetian. He allegedly transferred a whole $70 million to The Venetian to gamble with as the company treated him to luxury services, including a private jet, a three-roomed luxury suite, and a huge gambling credit. When he filed for bankruptcy a few years later, he had accumulated over $120 million in gambling debt and also had to pay $65 million to his former employer. He only had $80 at the time, though, so he will probably never be able to pay off the debts. It is not clear just how huge his losses were in the individual bets.
Kerry Packer, the media mogul, and creator of the world cricket series was one of the most famous gamblers in the world. Before his death in 2005. Packer had become famous in all major casinos around the world, especially in London. He had a habit of flying from casino to casino, asking managers how much they had on hand, and if it was anywhere below $800k, he would move on. He loved the baccarat and would take control of all the dealers whenever he walked in.
He is believed to have lost over $13.6 million in London in a single round of playing the roulette. He also lost $33 million and once $28 million as one casino manager confessed after Packer’s death. He enjoyed wagering, although he did it with moderation and didn’t lose his family fortune while at it.
Zhenli Ye Gon
Zhenli Ye Gon has made lots of history both in Vegas and in the US-Mexico drug war. First, in 2007, his house in Mexico became the place where the largest amount of drug money has ever been captured in history when a mountain of $207 million was discovered in his villa. He then made history by becoming the first Mexican drug kingpin to flee into the US. Then, of course, in 2016, he made history by becoming the hilarious opposite of El Chapo Guzman when he was extradited from the US to Mexico to the same prison that El Chapo escaped from.
Anyway, away from his funny story, Zhenli was also a big whale in Vegas where he lost over $80 million at the Venetian Casino in Vegas, including a $35 million debt extended to him by the casino. He also lost $45 million in other casinos near the Venetian. The government, however, fined the Venetian nearly $50 million for not reporting the drug dealer’s suspicious bets and let Zhenli off the hook for the $35 million debt.
Celebrities, especially sports stars, make some of the biggest gamblers in Vegas and Charles Barkley, or Chuck, as many know him was probably the biggest loser. He was addicted to gambling while still playing in the NBA. In an interview, he confessed that his addiction started as a simple dream of going to Vegas, hoping to make $1 million. He then went, again and again, sometimes winning the million, but most times, the house won. He said that his trips to Vegas led to losses of over $30 million before he realized the dent his trips were causing. He quit gambling for two years before resuming after rehabilitation. He has now learned to stop when he is ahead and when to cut his losses.
John Daly is one of the biggest rags to riches stories in golfing history after he won his first PGA in 1991 after coming to the course to step in for a friend whose wife was having a baby. Daly, however, had a thing for the adrenaline of the slot machines in Vegas, and while there, he didn’t care about his losses. In 2006, after he lost to Tiger Woods in the playoffs, he went to the slots and bet away $1.65million in just five hours.
He confessed that he won up to $35 million through his 15 years of gambling, but he also lost over $90 million, putting a dent in his financials. He only survived by stating his losses as well as his winnings in his tax returns forms to reduce the taxation on his little winnings. He now gambles with moderation and says he moved from the $5,000 slot machines to the $25 ones.
Chun Lei Zhu
How much did it cost you to learn how to play poker? Well, if you taught yourself using free tutorials and blog guides, you probably didn’t have to spend anything at all. $1000 to $10,000 should be enough to hire you a whole professional coach to guide you through the tough process. Some people, however, attempt to “learn on the job” by going big and learning from their losses. This can get very expensive, especially if you don’t learn quickly enough. Lei Zhu or Samrostan, as many online high stakes poker players call him, lost $15 million on his way up the tough school. He is now a little whale in online poker, also known as Patpatpanda.
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Phil Ivey is regarded as the best poker player in the world with 10 WSOP bracelets to his name and an estimated net worth of $100 million. Ivey has, however, had some bad runs in recent years, although he didn’t exactly lose at the table. When you play big money poker and win big, you need to expect some legal implications, and these have cost Ivey over $50 million in recent years. His most noticeable one was his legal battles with Crockfords casino, where he saw his $10 million winnings retaken by the courts for edge sorting. He also lost over $40 million in battles with other casinos as a result of the same trick which casinos considered cheating. Despite his legal woes, Ivey is always a legend of the table.
Gus Hansen is a legend of the hand in live poker games, having set a record as one of the best of all time. His net worth increased steadily through the early 2000s as he won on the strip and abroad. He moved online to full tilt poker after 2010, and this has turned him into the biggest loser there. Gambling casinos near owensboro kentucky menu. His screen name on the software has a record loss of over $20 million, over $12 million above the second-highest loser on the famous online game. His runs in live games are still good as he makes big wins there, but the online streets have proved too muddy for the poker legend.
There are casinos in the world, and then there are these behemoth casinos! Not only can each herein boast of their excellent facilities, but also of their enormous indoor space and the acreage of their sprawling grounds. Ultra-modern, palatial, and out to make a big dent in your pocketbook, these casinos today cater to every whim of the paying public. With their five-star hotel accommodations, Michelin star restaurants, designer shops, and top-billed entertainment shows, which range from high-flying circus acts to the latest musician concerts topping the Billboard charts, they will leave you with something to remember, even if you are among the majority the win back little of what you lose at the gaming tables and slot machines. Here we list the top 10 largest casinos in the world, which have been impressing guests for many years now with their sheer size.
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11. Borgata, Atlantic City, New Jersey, USA (161,000 square feet)
The Borgata is a casino hotel located in Atlantic City, New Jersey, USA. With its 161,000 square feet of space, it is the largest of its kind in the city. The Borgata's name means 'little village' in Italian. The casino has 4,100 gaming machines, and 285 card games tables as well, the latter offering poker, craps, and roulette. The casino is complemented by the 17 restaurants and bars offering the guests there everything from fine dining to casual gastronomic delights. Its hotel has about 2,002 rooms worth of accommodations, which are fit for even the most discriminating of guests. Its poker program is affiliated with the World Poker Tour, which at times has daily tournaments and also high-stakes championships tournaments.
10. Lisboa, Lisbon, Portugal (165,000 square feet)
The Lisboa is a casino hotel operating in Lisbon, Portugal. The casino offers 165,000 square feet of gambling, dining, and hotel accommodations for international tourists and locals alike. It is located in the Park of the Nations center in the city. The casino hotel offers 1,000 gaming machines and 26 card gaming tables, and there are seven restaurants and bars for fine dining and casual eats in the hotel. The hotel also has a 1,000-room capacity to sleep its casino guests after a long day of casino winnings or losings. The Lisboa is the biggest hotel casino in Europe today, and one of the most prominent landmarks in the city.
9. MGM Grand, Las Vegas, Nevada, USA (170,000 square feet)
The MGM Grand is in Las Vegas, Nevada, USA. The hotel is known for its live entertainment and spectacular shows, which can include boxing, magic shows, and even circus acts. It offers 170,000 square feet of gambling, dining, shopping, and hotel space for almost every size of expense account. The casino has more than 2,300 slot machines, and also offers 20 card games tables as well. The MGM's 5,044-room hotel's accommodations have recently received designer interior upgrades. In fact, the MGM Grand in Las Vegas is one of the pioneers in this sort of family entertainment experience, with this Las Vegas venue in Nevada and another on our list in Macao.
8. MGM Grand Macao, Macao, China (222,000 square feet)
The MGM Grand Macao is a casino hotel situated in Macao, China. The MGM's modern facilities offer the guests there more than 222,000 square feet of entertainment and gambling. Its hotel has 593 rooms with the ultimate of accommodations. The cuisine offered by its 12 restaurants range from casual to fine dining, and its well-stocked bars offer bliss for and tired gentleman and ladies who frequent it. The casino has about 835 slot machines, and its poker and card games tables number 410 strong. It also offers private salons for its special preferred guests.
7. Sands Macao, Macao, China (229,000 square feet)
The Sands Macao Casino is where the action is in Macao, China. With its 229,000 square feet of gambling and hotel accommodations, it was one of the first imported casino hotels in Macao. It offers 51 rooms of accommodations for its many guests. The casino has 750 slot machines and 1,000 poker and card game tables. There are seven fine dining and casual restaurants there, which are in turn complemented by bars to satisfy the palate with spirits after a day at the casino. The architecture of the casino hotel is a standout in the Macao strip, in that the look itself is said to promise winnings.
6. Tusk Rio, Klerksdorp, South Africa (266,000 square feet)
The Tusk Rio Casino Resort is located in Klerksdorp, South Africa. With 266,000 square feet of space for its 257 slot machines and 12 poker and card games tables, it has that winning quality that's hard to miss. The casino's theme is a throwback to the first Rio Carnival in Brazil. One great thing are the many denomination slot machines available for its guests. In addition, there are private gambling salons inside the casino for the Tusk Rio's guests. A glitzy experience for the traveler, the resort has a 70 room hotel on its location, among many other hotels in the immediate area.
5. Ponte 16, Macao, China (270,000 square feet)
The Casino Ponte is the only casino situated in the historic center of Macao, China which has been designated as a UNESCO World Heritage site. The casino complex has more than 270,000 square feet of gambling facilities, and within this area offers 320 slot machines and 150 tables for poker and and other table card games. Its hotel has 423 modern rooms that afford its guests a view of Macao's sleek skyline. The casino has three restaurants complemented with bars offering relaxing drinks to wind down with after the casino experience. The architecture of the casino hotel is reminiscent of Macao's Portuguese heritage.
4. Foxwoods, Ledyard, Connecticut, USA (340,000 square feet)
The Foxwoods Resorts Casino is in Ledyard, Connecticut, USA. Within its 340,000 square feet are 7,000 slot machines, and 400 card games tables that offer the ultimate experiences in poker, roulette, and craps. The Hard Rock Cafe is one of the standouts in dining experience among its many delectable restaurants. Its hotel offers 824 rooms to relax within after a full day of fun in the casino. It also has a spa to complement the all-around great vacation. Children and teens can enjoy a separate day experience with its two-story arcade, which is sure to please any arcade game enthusiast.
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3. City of Dreams, Macao, China (420,000 square feet)
The City of Dreams Casino is right next to the Venetian in Macao, China. The 420,000 square foot hotel and casino caters to couples and singles that want a great time in a frenetically hopping place. The casino has 1,350 gaming machines and 520 poker gaming tables. It offers 1,400 rooms worth of accommodations to its guests, and calls to those who are partial to full sensory entertainment, which awaits one at every floor space of the casino. The interior is an evolution of the discotheque experience of the 1970s and 1980s, and visual effect has been spared to create the ultimate hard rock experience. There are free shows galore at the City of Dreams, and great dining as well.
2. Venetian Macao, Macao, China (546,000 square feet)
The second largest casino in the world is the Venetian Macao with 546,000 square feet. The Venetian Macao is situated in the coastal area of Macao, China. It has a floor space of more than 546,000 square feet of gambling area for the convenience of its guests. The casino area has 3,000 gaming machines, and 870 tables for card games and roulette. In addition, shopaholics can splurge their winnings in its three humongous shopping malls. Guests can take a break in one of its four swimming pools, or take gondola rides just like in the real Venice in Italy. Whether you're into fine dining or casual fast food, the Venetian Macao restaurants have a wide offering of cuisine choices and options. Its 3,000-room hotel accommodations are complete with every amenity needed to satisfy its guests.
1. WinStar World Casino (600,000 + square feet)
Found in Thackerville, Oklahoma, about an hour south of Oklahoma City and one hour north of Dallas, the WinStar World Casino is the largest casino in the world. It has more than 600,000 square footage of gambling. The casino was originally opened in 2003 but was given a large addition in 2013. The casino also functions as an entertainment venue. There is a large hotel available on-site.
The World's Largest Casinos
|Rank||Casino||Location||Size (Square Feet)|
|3||City of Dreams||Macao||420,000|
|6||Tusk Rio||South Africa||266,000|
|8||MGM Grand Macao||Macao||222,000|
|9||MGM Grand||United States||170,000|