Gambler loses ‘exploitation’ appeal of $20 million loss


The High Court rejected an appeal by businessman Harry Kakavas to recover A$20.5 million ($19.9 million) in gambling losses from the Crown Casino in Melbourne. He argued  that the casino knew he had a gambling problem and took advantage by allowing him to wager A$1.47 billion on baccarat over 14 months, but the judges said they did not “accept that the appellant’s pathological interest in gambling was a special disadvantage which made him susceptible to exploitation by Crown”. They said Kavakas “was able to make rational decisions in his own interests, including deciding from time to time to refrain from gambling altogether.”  The court added, “Crown was entitled to accept the appellant as he presented himself to it: a successful businessman entirely capable of making decisions in his own interests.”