Billionaire Loser Beats Casino Debt in Court

zengrifter

zengrifter

Banned


Billionaire gambler wins High Court bid to avoid
paying £2m casino debt for 'unfair game'


By Beth Hale
04th September 2008
'Fat Man': Fouad al-Zayat was let
off a £2million gambling debt

A billionaire gambler known as the 'Fat Man' has won a bid to avoid paying a £2 million debt to an exclusive casino.

Businessman Fouad al-Zayat totted up the massive loss in just one night's play at the roulette and blackjack tables at Aspinall's in London.

But the 66-year-old withheld payment after a row over a croupier.

Last year the Syrian-born gambler - one of an estimated 180 high-rolling international gamblers known as 'whales' - was told by a judge to pay up.

But Mr al-Zayat appealed and was given leave to argue that the casino had effectively allowed him unlawful credit under the Gaming Act.

MORE- http://www.dailymail.co.uk/news/article-1052131/Billionaire-gambler-called-Fat-Man-wins-court-bid-avoid-paying-2m-casino-debt-unfair-game.html
 
J

jay28

Well-Known Member
Sounds like a great advanage play. Play on credit then if you win collect your winning and if you lose tell em to go screw themselves - on second thoughts I'd properbly get barred.
 
zengrifter

zengrifter

Banned
jay28 said:
Sounds like a great advanage play. Play on credit then if you win collect your winning and if you lose tell em to go screw themselves - on second thoughts I'd properbly get barred.
Click to expand...
We quote the Fat Man from the article -
Confronted at his Cyprus villa last year Mr al-Zayat said: 'Casinos give a service, and if the service is not good, considering the price which you are paying, then you do not pay.

'If you go to a restaurant and you do not like the food, you do not pay. If you go to the whorehouse and do not get the pleasure you were seeking, you do not pay.'

He said he would never bet again in London.
​
 
F

FrankieT

Well-Known Member
Good for him, the casino would pull the exact same crap, or something else just as dumb, if he had ended up a big winner.

Although if he was a little guy (money-wise, not physical appearance lol) his case probably would never have been seen.
 
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2

21forme

Well-Known Member
Guy sounds like a real sleazy character.

Suppose you chartered one of his airplanes from his aviation company. How do you think he would react if you told him you weren't going to pay because of poor service?
 
Traveller

Traveller

Active Member
What a really sleazy scumbag thing to do. If you play you pay, you don't worm out of it on a technicality. This man has no honour, i hope this has an adverse affect on all his business dealings.
 
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