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ARTICLE · 19 JUNE 2013

High roller loses to the house ... again!

After losing $20.5 million to the casino in 14 months, Harry Kakavas learned the hard way that the house always wins.

AustraliaMedia, Telecoms, IT, Entertainment

After losing $20.5 million in 14 months, Harry Kakavas has learned the hard way that the house always wins.

Mr Kakavas' attempted to recover his losses with a claim that Crown Casino had engaged in unconscionable conduct by enticing him to gamble close to $1.5 billion with generous incentives including use of Crown's private jet and lines of credit of up to $1.5 million.

In the High Court Mr Kakavas claimed that, in the presence of a baccarat table, his pathological urge to gamble was so compelling that he lost the ability to make rational decisions in his own best interests. The question was whether this put him at a special disadvantage and Crown, by exploiting that disadvantage and allowing him to gamble, had engaged in unconscionable conduct.

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