Interesting commentary below about the technology connection.
New Jersey Fines Caesar for 2007 Casino Gambling Incident
Terrence Nash | Mar 20, 2013
The regulatory body of the New Jersey Division of Gaming Enforcement (NJDGE) showed its usual tough regulatory stance last Monday, by coming out with a decision to fine Caesars Entertainment the amount of $225,000. The fine is in connection with a casino-gambling binge that took place in Caesar’s Nevada casino in 2007. The incident involved a Nebraska entrepreneur named Terrance Watanabe, who gambled away as much $120 million, while under the influence of alcohol and illegal drugs.
Although Caesars Entertainment has instituted disciplinary actions against three of the Las Vegas casino executives, as well as overhauled the company’s ethics and compliance policies, NJDGE still regard the mishandling of the incident as a violation of New Jersey’s licensing conditions. By allowing Mr. Watanabe to use illegal drugs while engaged in gambling activities and by ignoring the sexual advancements made against the casino employees, the highly publicized incident tarnished the reputation of New Jersey and the casino gaming industry, through Caesars’ affiliation as a licensed Atlantic City casino operator.
http://www.adi-news.com/new-jersey-fines-caesar-for-2007-casino-gambling-incident/214917/
Man lost $127M at casinos owned by Cisco customer, Harrah's Entertainment
To its good karma and clear conscience, the Las Vegas Wynn Casino barred the man for compulsive drinking and gambling.
By Brad Reese on Tue, 12/08/09Off topic warning: The following post is not really about Cisco, but it did get me wondering about compulsive gambling and technology’s role in it.
The Wall Street Journal is reporting that current Bay Area resident - Terrance Watanabe, lost a staggering $127 million during a single year at the Las Vegas casinos owned by a very important Cisco customer - Harrah's Entertainment (read the NetworkWorld story about Cisco signing a 10-year deal with Harrah’s).
As a former 5-year resident of Las Vegas, I'm amazed at the size of Watanabe's gambling losses, especially since they occurred during a single year.
According to the Journal, Watanabe lost as much as $5 million during a single 24-hour gambling binge. He was allowed to play three blackjack hands simultaneously with a $50,000 limit for each hand. At one point, Harrah's raised his credit to $17 million.
Interestingly, Watanabe says in court documents that he was barred from the Las Vegas Wynn Casino because of compulsive drinking and gambling. Was that because of the fact that Steve Wynn's own father was financially ruined by compulsive gambling? Or as a long-time Vegas entrepreneur who owes his success to Parry Thomas, does Wynn understand the "art of gaming" better than his corporate counterparts at Harrah's?
Perhaps Cisco technology could be deployed to battle compulsive gambling:
What's your take, how do you think Cisco technology could be deployed to battle compulsive gambling?
http://www.networkworld.com/community/node/48837
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