The Man Who Lost $204 Million On A Trip To Vegas

When Terrance Watanabe spent 3 years in Las Vegas between 2005 and 2008, he unexpectedly set the record for the most money ever lost there. What happened? Who's fault was it? What was the outcome? Where is Terry now? Did he ever recover?

This Is, The Man Who Lost $204 Million On A Trip To Vegas (Terrance Watanabe).

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[kennywatchesstuff]

As someone who lost $5 dollars on a football bet back in march, i understand what this man felt

[DeoroIsZoro]

The guy who banned him from the casino instead of trying to get all the money he could out of him was a good person definitely better than what alot of casino owners would do

[nuqi]

This guy was definetely just 1% away from winning a gazillion dollars

[jonathannerz]

Let’s just take a moment to appreciate how Steve Wynn, a casino owner, banned Terrance from his casinos for his own good.

[cappyyyyy]

He wasn't even a bad person. Just had an addiction that was fueled for far too long.

[pseudohippie]

Most casinos just have "if you think you have a gambling addiction, call the hotline."
Steve Wynn saw someone spending a ton of money at his casino, and instead of taking in the profits, he met with him and banned him to try to stop him from losing everything.
Mad respect to him for that.

[Saulgoodman]

This such a sad story. The guy doesn’t even sound like a bad person, just someone who was extremely lonely with no real human connection.

[mikea]

What's ironic is that he could have started his own massive casino. I mean at some point you have so much money that gambling makes zero sense.

[DamplyDoo]

I want to hear every personal story people had with this guy. He must've been legendary to the staff

[tdlf]

Gambling addiction is no joke, and the casino abused him. They basically drugged and robbed him. He owned up to it in the end. Really feel for the guy

[lordtee]

This guy worked an honest job to get his fortune, retired early to go into philanthropy, got caught up in the gambling scene, abused by the casino's owner, and then got cancer. I just feel really bad for this guy, he didn't deserve any of the bad stuff and all of the good.

[philipthecow]

As someone who once bet $0.75 and lost it all at a casino I understand what this man went through.

[MoonWielder]

Steve Wynn's father was also a compulsive gambler that left $350, 000 in gambling debts when he died. He must've felt Terrance's situation on a personal level.

[intreoo]

I respect how even in an intoxicated state, he still paid the workers and employees handsomely and even bought them steaks. A lot of people tend to show their rude nature when they're as rich and influential as Terry was in Las Vegas, and yet he didn't do that. It's sad how the casino exploited him, especially when he was so considerate to the employees.

[zdrux]

Feel sorry for the guy.. he got caught up in the gambling game and it destroyed him. He seems good hearted and sincere.

[raalaa]

Horrific story as an ex gambler myself. I lost around 10-15k playing roulette but then i'm not rich or wealthy. This guy seems like a genuine guy, gave to charity. He just started gambling due to boredom in retirement. The casinos took it all from him and nearly sent him to jail as well. So so sad. People like this and there will be MANY wealthy individuals LIKE him just need human connection. Imagine the good he could have done for a developing country. His money could have changed the lives of millions of people, generations.

[kingvenombro]

Man I would never recover losing $1, 000 let alone 200 million! 😅

[christiankopet]

It's terrifying how much of a grip a gambling addiction can have on an individual. My heart really goes out to people who have this addiction.

[mrniceguy]

This is a very smart man. He was a CEO for a successful company which made hundreds of millions of dollars, and yet he lost his share in a matter of 3 years. It just shows how destructive gambling addiction is that even business smart people can't survive it on their own

[anthanysomsanith]

It’s brutal. I live in Vegas and the addiction is insane. I was always telling myself “I’d never get addicted” but you slowly get consumed. Be careful, have fun