A pathological gambler has failed in his bid to sue Melbourne’s Crown Casino for the millions of dollars he lost at the venue. Gold Coast property developer Harry Kakavas lost $30 million during the 15-month, $1.5 billion gambling spree in 2005-2006.
Kakavas, 42, was taking civil action against Crown Casino, its chief executive Rowen Craigie and its chief operating officer John Williams in the Victorian Supreme Court for more than $20 million. He argued that the casino had preyed on his gambling addiction.
Justice David Harper ruled that the casino did not prey on Kakavas and ordered the gambler to pay back the $1 million he owed the casino. Mr Kakavas lost his money on the Baccarat table. His Crown gambling spree ended when he lost more than $2 million in just 43 minutes. Mr Kakavas also lost millions on the gambling tables of Las Vegas.
A hearing on costs and whether Mr Kakavas will be required to pay interest on the $1 million he has to pay back to Crown, will be held on December 16.
(source: greek insight)
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