Joe Francis Steve Wynn Battle Over Gambling Debts Gets More Insane

Submitted by C Costigan on

Written by :

C Costigan

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In our previous installment, Girls Gone Wild sleazemaster Joe Francis claimed that Las Vegas gambling tycoon Steve Wynn threatened his life.  That prompted Wynn to sue for slander.

Francis claims:

"Mr. Wynn has threatened to kill me ... He said he would hit me in the back of the head with a shovel and bury me in the desert." 

Wynn said that Joe is “insane”.

Wynn previously sued for $2 million in unpaid gambling debts and won but Francis is appealing that decision.  And now Joe has fired back with a countersuit claiming that Wynn actually owes him a discount on the debt.

Hopefully Gambling911.com readers are still able to keep score.

TMZ.com has been reporting extensively on this matter and gained access to court documents.  

In the docs Francis claims that casinos regularly give big-time gamblers comps including private planes, accommodations, and food and beverage. But the suit also states that casinos provide discounts -- anywhere from 10% to 30% -- off debts for the biggest spenders.

The suit claims Francis had such a discount deal with Wynn Las Vegas that began in 2007, and was arranged with Larry Altschul, executive vice president of player development for the casino.

According to the suit, Altschul rescinded the discount in 2008 because the casino claimed that Francis hadn't paid his debts on time.

Francis, however, was already more than $2 million in debt.  The suit claims that the casino never advised of any time constraints on the deal. 

This story is not going away any time soon.

 

Aaron Goldstein, Gambling911.com 

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