Atlantic City: Caesars' Unlucky Day

Caesars' Unlucky Day

Caesars Hotel-Casino in Atlantic City hit the jackpot when Brian Molony became a regular customer. In 1981 and '82, the assistant bank manager from Toronto gambled away more than $7 million at its tables. Molony bet as much as $75,000 a hand at baccarat, and in two very bad days in April 1982, he lost $2 million. To keep this high roller hooked, Caesars plied him with complimentary hotel accommodations and a private jet shuttle between Toronto and Atlantic City, as well as an $8,500 Rolex watch. The casino discovered belatedly that he had financed his bets by embezzling $10.2 million...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!