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Harry Kakavas Sues Crown Casino for Baccarat "Conspiracy"
On May 22nd, 2009, Crown Casino personally chauffered a banned gamer to a city bank so that he could withdraw his last $345,000, the Supreme Court heard yesterday. Property developer Harry Kakavas stated that he was asked to write a cheque that is payable to PBL Finance instead of Crown Limited in an effort to hide the trandaction. Kakavas told the court that Crown officials told him that they have different accounts to hide payments so he should made out the cheque to PBL Finance.
In July 2005, Harry Kakavas had lost a total of $1.2 million playing the game of baccarat in a VIP gaming salon in the Crown Towers Hotel. Kakavas stated that the casino officials told him that ANZ branch in the city was open for business on Saturdays until 12:00 noon. His last $345,000 was then matched by the casino with dollar-for-dollar credit, giving him a final playing fund for the trip back to the Crown Casino of $690,000.
When asked what happened to the money he had withdraw from the bank, Kakavas said that he lost all of it in a single day. 42 year-old Harry Kakavas, a self-confessed gaming addict, is suing the Crown Casino for the $20.5 million he allegedly lost in fourteen month baccarat gaming spree between June 2005 and August 2006. He is also suing Crown Casino's then COO, John Williams, the son of casino developer Lloyd Williams and Crown's global Chief Executive Officer Rowen Craigie, whom he alleges made a scheme to entice him back to Melbourne.
Kakavas previously voluntarily signed a self-exclusion order which bans him from all casino facilities in the Southbank for life. Kakavas revealed how he lost a total of $23 million enjoying baccarat at the Bellagio casino in Las Vegas, Nevada over a period of 3 years after vacationing in Hawaii.
He added that he thought that it is only five hours to go to Las Vegas and it would be a shame not to take advantage of that fact. Kakavas said that his wealth came from his Gold Coast real estate business.
Wednesday, June 03, 2009