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article imageGambler loses $2m in 43 minutes, sues Casino for $30m

By Chris V. Thangham     May 19, 2009 in World
An Australian gambler lost more than $1.5 million and the casino asked him to leave the premises. Later he sued the casino for $15 million for exploiting his gambling habit.
Harry Kakavas is a Gold Coast property developer with a gambling habit. He was banned by the Crown Casino in Melbourne, Australia after he lost $2 million (US$1.5 million) in 43 minutes.
Before he lost the money, Kakavas allegedly told the casino’s chief operating officer John Williams in August 2006 that he lost more than $30 million over four months. Williams told him to take a break from gambling at that casino. But Kakavas allegedly told him that he was fine and kept playing games of baccarat. He lost more than $2 million.
Now Kakavas is suing the Crown Casino for exploiting him and demands $20.5 million that he lost gambling at the casino. He claims that casino let him play even though they knew that he was a compulsive gambler and banned in other casinos.
The court records show that Kakavas spent over $1.5 billion in bets at the casino.
Kakavas allegedly lost a total sum of $30 million including money he received from the casino as commissions.
Neil Young, Crown’s lawyer told the courts the casino stopped him after he lost more than $2 million in less than an hour. He said Kakavas came to the casino many times over the next months but didn’t gamble.
Young told the Judge David Harper that Kakavas sought permission to gamble again and the casino refused. Young claims the casino never lured him to gamble.
The judge will give a ruling shortly.
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