Caesars Entertainment Fined for High Roller Gambling Spree

Caesars Entertainment Fined for High Roller Gambling SpreeCaesars Entertainment was recently fined for an incident which took place six years ago. The company was fined 225 000 dollars by the New Jersey Division of Gaming Enforcement even though the incident took place in casinos belonging to Caesars in Las Vegas. The New Jersey Division of Gaming Enforcement issued the fine as it believed that Caesars Entertainment’s actions in Las Vegas were detrimental to the gaming industry in general and also to the reputation of gambling in New Jersey. Caesars Entertainment owns four casinos in Atlantic City, Caesars Palace, Bally’s, the Showboat casino and Harrah’s Resort.
The incident in question concerns a gambling spree carried out by a high roller who gambled and lost millions of dollars at two casinos in Las Vegas.In 2007 Terrance Watanabe, a businessman and high roller gambler visited two Caesars Entertainment casinos in Las Vegas, Caesars Palace and the Rio Casino, where he lost the major part of the money he made from the sale of his family business. He spent several months gambling and was treated as a VIP by casino staff. He was given the best suites and was supplied with free food and drink. When the New Jersey Division of Gaming Enforcement fined Caesars Entertainment it said that the company breached the rules for responsible gaming.
Mr Watanabe claimed in the civil lawsuit he instigated against Caesars Entertainment that employees in the casinos allowed him to continue gambling even though he was under the influence of alcohol. He also alleged that casino staff supplied him with medication without the required medical prescription. This civil suit was filed after Mr Watanabe’s gambling spree came to an end. He was accused by Caesars entertainment of owing the company gambling debts of over 14 million dollars. He came to an agreement with Caesars to pay 100 000 dollars and the charges were dropped.Since this gambling spree took place Caesars Entertainment has updated its ethics and compliance programme and three senior casino executives faced disciplinary actions relating to the incident. Caesars carried out its own internal investigation in 2010. Then in 2011 the Nevada Gaming Control Board carried out an investigation but this didn’t result in any fine for Caesars Entertainment.

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