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Well legal issues aside on who is right or wrong, the rich guy went to the casino, could not control himself and now is threatening to sue… what a sore loser. Should people start to sue brokerages for contra trading and margin trading now?
ReplyI can’t help myself… As a rich and presumably successful businessman does the guy know that games in the casino are designed to fill the pockets of the house right? The phrase “the house always win” is probably not too far from the truth.
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He has too much money to lose and now he is donating some to his lawyer too. If you sue RWS for irresponsibility on their part then it will also means that you can sue the people who allow casino on this island for being irresponsible too . What happens if instead he wins 26m you mean RWS can bring on a case and sue him for irresponsible gambling ? It is a game of luck , it is either you win or you lose. willing gambler willing winner and willing loser . that is the name of the game.
ReplyIt is so easy to make or break on a gambling table , ultimately it is a zero sum game , which means at the end of all the wins and all the losses it shall adds up to zero including your capital of course.
Yes i do gamble too but in this case i am on the casino side by being a share holder of Casino shares. No rocket science needed just plain common sense. The longer the casino operates the more profit it shall accumulate and expand. Just check out the progressive P/L of gaming companies and you will know what i mean.
In my humble opinion, this businessman is ill-disciplined and a sore loser… fancy him suing the casino when he lost and blaming the casino for encouraging him in irresponsible gambling and breaching the duty of care owed to him?!
Utter rubbish.
He’s a willing sucker at the casino… a big time sucker without mental nor money discipline and that’s a formula for financial disaster. The other directors in his company should be concerned about his integrity.
I doubt the court will even hear this case because they wouldn’t want to set a precedent for future cases involving similar antics by sore losers who want their lost money back from the casinos. Such cases won’t do our gaming industry any good.
Cheers!
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Look from another angle, it is the presence or existence of gamblers that make a casino “successfull”; more than enough to feed its employees and add $$$ to the government.
ReplyYes, a casino is another way whereby wealth flows from the masses to a few.
Other examples include 4D, toto and of course, our stock market. 😀
ReplyIf this 26m is his own money, then at most start from scratch again. If this 26m is borrowed money, then I think he is doomed! I wish I am the casino to have a small share of this 26m!
ReplyAccording to the article, the man could pay $10 million immediately.
He was gambling on credit so will have to find some means to settle the rest….
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