Casinos are places where people love to take risks. But often, this love leads to significant losses. Hoping to win back, gamblers raise the stakes without considering the consequences. As a result, they leave the casino with empty pockets, debts, and complete disappointment in their souls.
The problem of gambling addiction in the high-tech era
The cases described below are not stories of recent years. But if it happened in our days, it would be more difficult for these people. The fact is that for gambling and betting today, it is not necessary to visit a casino or bookmaker’s office. Today, it is enough to take your phone in your hands.
Let’s take sports betting fans as an example. According to statistics, cricket is becoming increasingly popular. Bookmakers observe this and introduce betting opportunities on this sport. To check this, our authors studied thematic information sites, especially Cricketbettingapps, which provides up-to-date information. Here, you can download cricket exchange betting apps for iOS and Android. Many of these apps are created by big bookmakers with good reputations.
For most people, this convenience has many advantages. After all, betting and random number generator games are accessible. But for addicted people, this can be a big problem. After all, it becomes difficult to resist the temptation to play or bet.
Fortunately, the people described below did not have such technology. But this did not prevent them from losing a lot of money.
Terrence Watanabe
The story of this famous person vividly illustrates that gambling should be approached wisely, weighing all the risks. Watanabe inherited the Oriental Trading Company, which he sold in 2000. The businessman spent the proceeds on gambling. Luck was not on Watanabe’s side, and he flushed a staggering 127 million dollars into the casino.
In 2007, the ex-owner of Oriental Trading Company spent almost a year in Las Vegas casinos, notably Caesar’s Palace. This is the most significant amount anyone has ever lost.
Archie Karas
He went down in casino history as the man with the longest winning streak that brought good money. But there was an impressive loss in Karas’s life. He came to Las Vegas with 50 dollars in his pocket and 10 thousand dollars that Karas had borrowed. From this not-too-large sum, he managed to win more than 40 million dollars. He could not stop and lost all the money in a few weeks. Karas mainly played poker, craps, and baccarat.
Harry Cacavas
Kakavas was once a billionaire, but a gambling addiction made him bankrupt. He gambled regularly for 16 months and lost 1.43 billion dollars. His net losses amounted to 20.5 million dollars. Kakavas even filed a lawsuit against Crown Casino, claiming that casino employees knew about his addiction and used it to their advantage. However, the court sided with the gambling establishment.
Charles Barkley
Barkley is a professional basketball player who has played in the NBA All-Star Game 11 times. He does not hide his love for gambling and often loses large sums. The athlete has flushed 30 million dollars in the casino. The basketball player admits that he does not consider gambling a way to earn money. For him, every trip to the casino is accompanied by thrills and vivid emotions.
Maureen O’Connor
Maureen O’Connor, who once served as mayor of San Diego, lost more than $1 million in casinos, a net loss of $13 million. Later, it was revealed that she had borrowed $2 million from a charitable foundation her husband founded during his lifetime. She left this money in the casino, failing to win it back. When the incident became known, the ex-mayor fully returned the entire amount to the foundation.
