- SHARM EL SHEIKH, EGYPT A Saudi prince lost 1.350 Billion Riyals ($359 Million) in six hours as well as five of his nine wives while playing poker at the casino. Prince Majed bin Abdullah bin Abdulaziz Al Saud is well-known around the world for both his drug and gambling habits, but his latest bet.
- 10 – Lawrence Ho – Estimated Net worth: £1.03b ($1.47b) One of the youngest people on this list and while he his just starting out in the world of the casino moguls he one of the fastest moving and is often called a “game changer” in the Asian gambling industry. 9 – Steve Wynn – Estimated Net worth: £2.38b ($3.4b).
This top ten features some of the leading founders and investors in the gaming and casino industry. From the owners of the Las Vegas strip to some names you have probably never heard of. They are all casino billionaires and some of them are famous in their own right…
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10 – Lawrence Ho – Estimated Net worth: £1.03b ($1.47b)
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One of the youngest people on this list and while he his just starting out in the world of the casino moguls he one of the fastest moving and is often called a “game changer” in the Asian gambling industry.
9 – Steve Wynn – Estimated Net worth: £2.38b ($3.4b)
There is no Las Vegas without this man, it’s as simple as that! He oversaw the construction Las Vegas and Atlantic City hotels, The Golden Nugget, The Golden Nugget Atlantic City, The Mirage, Treasure Island to name but a few of his amazing achievements.
8 – James Packer – Estimated Net worth: £2.66b ($3.8b)
Ranked as the seventh richest Australian this man has had to work very hard to get to where he is and even worked at his father’s cattle station as a jackeroo! (for those who don’t know it means someone who is young and is brought in to learn all aspects of the cattle business).
7 – Kirk Kerkorian – Estimated Net worth: £2.8b ($4b)
When it comes to Las Vegas some people say it wouldn’t be the city it is without this man! Known as the “father of the mega-resort” he might as well be the king of Las Vegas! But we all know there will always only be one king of that town.
6 – Han Chang-u – Estimated Net worth: £2.87b ($4.1b)
Born in 1931 this is someone else who has built pachinko machines by hand and has seen many, many changes. Some people even go so far as to say both he and Kunio Busujima helped shaped China into the economic powerhouse it is now!
5 – Kunio Busujima – Estimated Net worth: £2.94b ($4.2b)
Most people outside of Asia would not know what a “pachinko machine” is, but let’s just say its a form of gambling that was made to get around the gambling laws at the time. And this man not only owns a pachinko machine making business, he also made some of them with his own hands in the early years!
4 – Pansy Ho – Estimated Net worth: £4.49b ($6.4b)
Sadly the only woman on this list but she was born into big money business and has worked her worth in it as well. While she is currently barred from running a gaming business (due to some issues with her father’s supposed links to organised crime) she still earned most her wealth from the gambling industry.
3 – Johann Graf – Estimated Net worth: £4.63b ($6.6b)
Unlike many of the other people on this list, this super-rich owner of an Austrian gambling company likes to stay out of the limelight and very little is known about this private man. (Other than his huge net worth that is!).
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2 – Lui Che-woo – Estimated Net worth: £7.71b ($11b)
Being born in 1929 this man has seen China go through many, many changes, some of which he made himself! Being the second richest man in Hong Kong he is still very active but does enjoy the construction industry more than the gaming one. Presumably, because he enjoys seeing China’s massive growth.
1 – Sheldon Adelson – Estimated Net worth: £28.04b ($40.2b)
While he is only currently the 19th richest person in the world he makes it to the top of this list. At the good age of 84, you might have thought we would be setting down a bit but is still chairman and chief executive officer of Las Vegas Sands Corporation and many other things on top of that!
SHARM EL SHEIKH, EGYPT | A Saudi prince lost 1.350 Billion Riyals ($359 Million) in six hours as well as five of his nine wives while playing poker at the casino.
Prince Majed bin Abdullah bin Abdulaziz Al Saud is well-known around the world for both his drug and gambling habits, but his latest betting frenzy is quite exceptional even for him.
Spending the week at the renowned Sinai Grand Casino, the Prince spent six hours at the “unlimited stakes” poker table and had an incredible losing streak.
In one evening, he lost hundreds of millions of dollars and was even forced to give up five of his spouses to cover part of his debt.
According to the director of the casino, Ali Shamoon, the prince pawned his wives in exchange for $25M in credit and left them there after he lost.
“This isn’t the first time that a customer bets a living creature. We often have camels and horses, but usually, the customers pay to keep them. This is the first time that a player leaves his wives after he loses.”
Pawning or selling women is rather rare practice but it is still legal in several Middle Eastern countries.
The high profile of these particular women appears to embarrass both the Sinai Grand Casino and the Egyptian government, however, and a diplomatic solution remains quite probable.
It is still unclear what will happen to the Prince’s wives and if they will be able to return to Saudi Arabia, and most experts believe that other members of the Saudi Royal family could buy them back discretely over the next few weeks.
If not, they will likely be sold at auction in a few months, probably in Yemen or Qatar.
Egyptian Foreign Minister Sameh Shoukry said his government would do everything it could to facilitate the Saudi women’s return to their homeland, as soon as their husband’s debt will be paid.
This isn’t the first time that Prince Majed bin Abdullah bin Abdulaziz Al Saud attracts attention for bad reasons.
In 2015, the Saudi Arabian prince was accused of a having sexual relationship with a male aide, taking cocaine and threatening to kill women who refused his advances – as well as sexually assaulting a maid.
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A few days after the facts were revealed by the media, Los Angeles County prosecutors announced that they would not be filing charges against the prince and he was allowed to leave the country.
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This time, however, the prince is believed to have lost the vast majority of his fortune, so he may finally calm down and adopt a more conservative lifestyle.