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Friday, May 28, 2010

Gambling Addiction and Bankruptcy

WSJ reports --

Former National Basketball Association star Antoine Walker has filed for personal bankruptcy, owing casinos $1.27 million ....


Among Walker’s largest unsecured liabilities are $770,000 listed as gambling debt owed to Harrah’s Entertainment in Las Vegas and $500,000 listed as gambling losses owed to Ameristar Casino in East Chicago, Ind.

The burly former Kentucky Wildcat owes the Las Vegas District Attorney $750,000 in restitution. Walker was arrested last year in Las Vegas for allegedly writing bad checks but had charges deferred when he agreed to a payment plan. He also owns sports agent Mark Bartelstein $458,000.

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