Gambler Blows $127 Million - Biggest Individual Loser in Las Vegas History
Terry Watanabe is thought to be the biggest loser in Las Vegas history. His $127 million dollar one year loss is certainly one for the books. His father, Harry Watanabe, founded a gift shop, the Oriental Trading Company, in 1932 and made it grow until it became one of the largest players in its market, until 1977 when his son, Terry Watanabe, became its CEO. Later, in 2000, Terry sold his entire stake in the company to a private equity firm. From this sale, Terry amassed a huge fortune that would later propel a drinking and gambling problem into astronomical losses at various Harrah's owned casinos. It started in 2007 when Mr. Watanabe took a trip to Las Vegas, but