Terrance Watanabe, an Omaha businessman, lost as much as $200 million
Terrance Watanabe, an Omaha businessman, lost as much as $200 million at Caesars Palace and the Rio Hotel Casino in Las Vegas in 2007. He was indicted by a grand jury for failing to pay $14.7 million in gambling debts, but he later settled with the company and the criminal charges were dropped. Watanabe’s family formerly owned Oriental Trading, a gifts and novelties company based in Omaha.
Associated Press March 18, 2013