He end up losing up to $5 million every day. Terrance Watanabe's gambling addiction reached its peak in 2007, when he reportedly lost $127 million at Caesar's Palace and The Rio in Las Vegas, after having gambled a total of $825 million. He was banned from Wynn Las Vegas for compulsive gambling.. Terrance Watanabe was a businessman who inherited his family's party-favor importing company, and at one point, he was listed as one of the richest people in Nebraska, USA. He became known for his high-stakes gambling in Las Vegas and had a reputation for being one of the biggest spenders in the city. In 2007, Watanabe lost a staggering $127.

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United States. Nebraska-born businessman Terrance Watanabe has an estimated net worth of $150 million. He built his fortune through his inheritance of the Nebraska-based Oriental Trading Co. It was founded by his father, Harry Watanabe, as a gift shop that sells party favors and trinkets in 1932. Since then, the company has expanded to 17 shops.. Terrance Watanabe, right, faces felony theft and bad check charges for nearly $15 million in debts with two Las Vegas casinos.. Watanabe took over the company when he was 20 and sold it in 2000.