Gambler charged with failing to pay back Vegas casinos

Feb 10, 2014 6:45 PM

A Canadian real estate businessman has been indicted on charges he failed to pay back $12.9 million in gambling markers to two Las Vegas casinos. Involved are The Venetian resort ($7.9 million) and Green Valley Ranch Resort ($5 million), according to Clark County prosecutors.

Reportedly, the case involving Semion Kronenfeld has languished in Las Vegas Justice Court since 2008.

The Associated Press reported a story in the Toronto Star says Kronenfeld filed for bankruptcy in 2009, blaming the global recession. He also blamed his more than $21 million gambling debts at casinos across North America for their constant incentives to gamble.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at [email protected].

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