$2m Casino Gambling Debt Lands Porn Maker In Big Trouble
Author: S. Taylor
The legal battle between Wynn Las Vegas casino and Joe Francis continues to rage over the ‘Girls Gone Wild’ producer’s $2 million gambling debts dating back four years.
Back in February 2007, Joe Francis apparently was allowed $2.5 million in credit from Wynn Casino but the business only received $500,000 in payment after he lost the money gambling.
Despite being found liable for the entire $2 million gambling debt, Joe Francis has yet to pay up the outstanding amount and has been appealing the judge’s ruling on several issues.
Firstly, Joe Francis has insisted he was promised a $200,000 limit on his losses. Furthermore, he states that he should be entitled to a discount on the debt and that one of the main reasons he gambled at the Wynn was the fact that as a big-time gambler he was offered between 10% to 30% off any gambling debts accrued.
Allegedly, the discount was later rescinded in 2008 after Francis failed to pay up his marker on time even though Francis claims he was never informed of any time constraints on the arrangement.
Other fascinating details thrown up by the case is Joe Francis’ unsubstantiated claims that the casino used a variety of means to entice him into gambling, including providing hookers. Francis then made a whole list of other less than savoury claims about the casino, which has since lead to a retaliatory defamation law suit. Francis’ claims include such practices as the Wynn Las Vegas intentionally miscalculating markers, forging customer signatures, and destroying surveillance records of gamblers.
Unfortunately for the Mantra Films founder, a Vegas grand jury has now ordered him to stand trial relating to non payment of the debt, which now becomes a criminal matter carrying up to four years in prison.
As matters are set to become a whole lot messier, Francis has still managed to remain upbeat throughout the ordeal and said:
“I’m 100% confident that I will prevail, just like I always do. Steve Wynn has enormous influence over the politicians in the Las Vegas area…so I’m sure he’s behind this. The moral of the story is don’t gamble at the Wynn casinos or this could happen to you.”
Related articles:
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