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Kerry packer gambling11/23/2023 In the years following his ESPN interview, Barkley has estimated that he's lost nearly three times (around $ 30,000,000) the amount he quoted back in 2007. Just one year later he was chased by the Wynn las Vegas Casino for an unpaid debt of $400,000 and stated live on TV that he had to stop gambling. I'm gonna continue to do it, but I have to get to a point where I don't try to break the casino 'cause you never can." ![]() Despite spending vast sums of money on gambling, he also claimed not to have a problem, as he can afford to sustain his gambling habit.īarkley has been quoted saying: "No matter how much I win, it ain't a lot. The former Philadelphia 76er publically admitted that he had a problem in 2007 in an interview with ESPN, admitting to losing $10,000,000, including $2.500,000 in just six hours whilst playing blackjack. Charles BarkleyĪnother sportsman that's no stranger to big-money gambling is Former NBA star Charles Barkley. Daly still thoroughly enjoys gambling but has said he's switched to playing $25 slots instead. To put that into perspective, he'd lost an average of around $3.4 million a year to gambling.ĭaly racked up most of his debts playing slot games, where he would play $5,000 spins, and blackjack where he would play up to $15,000 per hand. Whilst writing his book in 2014 Daly came to the realisation that he'd lost a lot more money than he initially thought he had done between 19.ĭuring an interview with Yahoo, Daly admitted that he believed he'd lost between $20,000,000 and $25,000,000 gambling, however, after going through his tax records it revealed that he'd in fact lost between $55,000,000 and $57,000,000. John DalyĪmerican golfer John Daly, known for winning the PGA Championship in 1991 and The Open Championship in 1995, makes this list for his keen love of gambling. Despite gambling in California (where gambling debts can't be enforced) in order to pay off what he owed in Nevada Umar's time at the high-roller tables was cut short. In just a few years Umar had managed to gamble away more than $120,000,000, racking up debts to a number of casinos, as well as his former employer once the IRS had clicked onto his dealings. A regular at The Venetian Casino and MGM Grand he was given a million-dollar credit line, penthouse suites, free cash to gamble with and even use of luxury cars and a private jet. This stolen money was used to finance a high-rolling lifestyle that not many can even begin to imagine. In the space of a few short years, Siddiqui managed to steal $65,000,000 from his employers, Fry Electronics. Referred to as 'the Moby Dick of whales' and 'the human gambling machine' in certain Las Vegas circles, Pakistani-born businessman Umar Siddiqui was in way over his head when it came to gambling debts. The billionaire often jetted off on lavish gambling holidays, winning AU$33,000,000 at MGM Grand Casino in Las Vegas, and netting an average of AU$7,000,000 a year on his annual gambling trip to the United Kingdom.Īs incredible as it was, Packer will have hardly been phased by his mammoth 1999 loss, as only a few years earlier he'd lost £15,000,000 on four roulette tables in a matter of minutes, and an additional £19,000,000 playing poker in his very own poker room at the Ritz Hotel. ![]() The craziest thing about this loss is actually the fact that it barely made a dent in Packer's bankroll. During this time the Australian media tycoon lost a heart-wrenching AU $ 28,000,000. Holder of the unfortunate record of Britain's biggest gambling loss, the late Kerry Packer went on a monumental three-week losing streak at Crockford's Casino, London in 1999. It's a tough read, but an eye-opener! Kerry Packer Naturally, it only seemed right to put together a contrasting article that looks at some of the unluckiest gamblers from over the years who have incurred some of the world's biggest losses at casinos over the years. We love talking about big wins here at Slot Gods, and only recently we published an article highlighting the most successful gamblers of all time, however, where there's a winner, unfortunately, there must always be a loser as well.
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