VEGAS SPORTSBOOK COMMUNITY SAYS BARKLEY IS A CHEAT
Around the country, the news that Charles Barkley owes Wynn Casino $400,000 may not be big news. After all, the Round Mound has openly stated that he’s got a gambling problem and is probably $10 million in the hole.
Wynn Las Vegas is frustrated with the former NBA player because he’s owed the 400 large since October. The property has now asked Clark County D.A. David Roger to look into filing felony theft charges against Barkley.
“By taking the $400,000 in credit and refusing to pay the amount despite repeated attempts, Barkley has wrongfully exercised dominion and control over Wynn’s property,” Wynn Las Vegas said in the complaint.
If indicted and convicted on four separate felony theft charges, Barkley could get 10 years in prison.
Thursday Roger appearing on ESPNRadio1100 said…
“The allegation is that he was given four $100,000 markers in October of last year. He’ll be given the opportunity to make restitution. If he doesn’t make restitution then he will face charges. Once an agreement is made, he could have up to six months to make those payments.”
“If we charged him with theft, it would be four counts. That’s 1-10 years in Nevada state prison. Filing bad checks is 1-4 years per count.”
Sportsbook industry folks are infuriated that Barkley is stiffing the casino.
Afterall, it was Barkley who was treated like gold by Mandalay Bay after being given a little of credit on Super Sunday in 2002. A paperwork error and Barkley’s refusal to agree to his end of the deal nearly destroyed a sportsbook director’s career.
The folks in the Mandalay Bay sports book were alerted a few hours before Super Bowl 36, that Barkley wanted to bet $500,000+ on the Rams-Patriots game. One slight problem, Barkley didn’t have the money. Sportsbook’s don’t extend lines of credit, only the games on the floor can do so.
If the player needs a “marker” to play in the sportsbook, he’ll sign the appropriate paperwork or be given the dollar value in chips by the casino cage, and is then escorted over to the book to place the bet.
Barkley got his marker and walked over to the book where he placed a $500,000 bet on the Patriots at +14 and $50,000 on the Pats money line at over 3-to-1.
Shortly after the bets were placed, the sportsbook noticed that Barkley hadn’t actually signed the paperwork, the fault of the cage, making it a non-binding agreement. When he was tracked down off property, Barkley refused to sign the paperwork.
He’d gotten away with it!!! A “free roll” worth over $650k if he won.
The Patriots covered and won the game outright and Barkley still got paid which technically violated Nevada gaming rules. Mandalay Bay honored the bet even though it didn’t have to, but the property needed a fall guy, so the book director Nick Bogdanovich was fired.
Bogdanovich, who now runs the Cal-Neva sportbooks in Reno & Las Vegas, was out of the industry for a long time after the Barkley snafu. As one sportsbook vet told us, “Barkley ruined his f*ckin life!”
We come full circle in 2008, Barkley has been given a line of credit by Wynn Las Vegas and won’t pay off his bets. Former and current book directors that we spoke with said Barkley is a scumbag but because he loses so much money at the roulette tables, you have to placate him on the smaller losses (400k!!!).Explore posts in the same categories: Fat Asses, Media musings, NBA, NFL, Sports Radio