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What is the most money ever lost in a casino?

Terrance Watanabe said he bet more than $825 million and lost nearly $127 million of it in Caesars Palace and the Rio casinos in 2007, believed to be the biggest losing streak in Vegas history. “It’s a tragedy, Mr. Watanabe’s a tragedy,” his lawyer, Pierce O’Donnell, told “Good Morning America” today.

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Minimum bets are relatively high, often starting at US$25 and going as high as $500. Posted maximum bets are sometimes arranged to go well with a player, however maximums of $10,000 per hand are widespread.
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