Wednesday, July 20, 2011

Akio Kashiwagi Baccarat

Akio Kashiwagi Baccarat
Born 1938, Akio Kashiwagi was a Tokyo real estate investor via his company Kashiwagi Shoji Co.  He stated being the sole owner of his real estate and investment business.  Claiming to be a billionaire with an income of $100 000 000 a year and $1 000 000 000 in assets. 

Akio Kashiwagi was a casino whale / high roller who frequented Las Vegas casinos throughout the 1970s and 1980s.  He was so famous that he was the inspiration for the character of K.K. Ichikawa (a wealthy Japanese high roller) in the film Casino. 

Akio Kashiwagi lived a real love story with the Baccarat card game.  He could play Baccarat for many hours betting $100 000 to $200 000 on a single hand.  He was nicknamed "Warrior" by casino employees.  Still these days, Akio Kashiwagi is known as one of the biggest gambler of all time.

Akio Kashiwagi got the record for both the biggest Baccarat winning and the biggest Baccarat loss.  Both record happened in Atlantic City's Trump Plaza Casino.  In February 1990, playing his usual $200 000 per Baccarat hand, playing at the rate of $14 000 000 an hour, he cashed $6 000 000 in 10 hours of gambling.  Which is the record for Baccarat's winning. 

But on May 1990, after 5 056 hands in 70 hours over the length of 6 days, he loss $9 400 000 at the same table.  Which is a record for Baccarat's lost.  Ironically, he was ahead $5 500 000 on his third day at the table.  But greed got the best of him and he lost it all plus almost $10 million of his pocket money.

He was found dead in his home on January 3, 1992.  Stabbed to death, 150 wounds of samurai sword were found on his body.  His murder was probably related to his allegued ties with the Yakuza, it was never solved.  At the moment of his death, he still owed about $9 000 000 to Las Vegas and Atlantic City casinos.

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