Joe Francis Steve Wynn Battle Over Gambling Debts Gets More Insane

Submitted by C Costigan on

Written by :

C Costigan

Published on :

 

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According to the suit, Altschul rescinded the discount in 2008 because the casino claimed that Francis hadn't paid his debts on time.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

Related Content

ClubWPT Gold Shuts Down in Nevada

ClubWPT Gold Shuts Down in Nevada

The announcement coincided with news that all purchases on the site will cease immediately, postal requests will no longer be accepted and sweepstakes game play will no longer be available effective this coming Monday September 28, 2026.
Groundbreaking Ceremony for New Hotel at Hollywood Casino Kansas Speedway

Groundbreaking Ceremony for New Hotel at Hollywood Casino Kansas Speedway

The Kansas City Chiefs are expected to open their new stadium in Village West close to the Hollywood Casino and Speedway in 2031.
Networking and Innovation: The Real Value of Attending iGaming Events

Networking and Innovation: The Real Value of Attending iGaming Events

Discover how iGaming conferences drive innovation, foster key industry connections, and offer unmatched growth opportunities for professionals and businesses.
How BetMGM Is Raising the Bar for Online Casino Gaming

How BetMGM Is Raising the Bar for Online Casino Gaming

In a continuously crowded iGaming industry, BetMGM Online Casino has taken action and emerged as a dominant force within the sector. They have achieved this by setting new standards for what gamblers can expect from the online casino sites of today.