Kakavas Ordered To Pay Gambling Marker In The Bahamas

Harry Kakavas has made a name for himself as being one of the biggest casino gambling losers of all time. On Monday, Kakavas lost another in a string of court battles when he was ordered to repay a gambling marker in the Bahamas.

Kakavas had borrowed $1 million from the Paradise island Casino back in November of 2006. The loan was in the form of a gambling marker, and was to be repaid at a later date. Kakavas never paid the marker, and instead chose to fight the casino in court.

The casino sued Kakavas in the Victorian Supreme Court, and the ruling that came down Monday was a favorable one for Paradise Island. The judge did not believe that Kakavas was taken advantage of while at the resort.

"The evidence fell far short of demonstrating that the casino deliberately exploited and took advantage of Mr. Kakavas' condition," wrote Judge Davies, in her judgement. It is just the latest blow for the gambler.

Kakavas has gained fame from the amount of money that he has lost gambling. He suffers from a psychiatric condition of problem gambling, and he felt that the Paradise casino knew that when they gave him the gambling marker.

Last year, Kakavas had sued the Melbourne Crown Casino in a civil suit. He claimed at the time that the casino knew he had a gambling addiction, but still allowed him to lose $35 million in a gambling spree that lasted eighteen months. Kakavas lost that case as well.

February 16, 2010
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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