Embed: https://www.youtube.com/watch?v=XU5P87LnrUk
Terrance Watanabe is an American businessman and high roller. Born in 1957, Terrance began working for his father Harry Watanabe who founded the Oriental Trading Company – a direct merchant of value-priced party supplies, arts and crafts, toys and novelties, and school supplies at the age of 15. Subsequently, he inherited the company.
At the age of 20, Terrance Watanabe became president and part owner of Oriental Trading Company. He then shifted the focus from carnivals to supplying party goods for churches, schools, retailers, and individuals.
However, in 2000, Terrance sold his entire stake in the company to Los Angeles-based private equity firm Brentwood Associates, and resigned as CEO and President.
What happened to Terrance Watanabe and how did he gamble $127 million?
Terrance became a philanthropist, but subsequently lost most of his fortune gambling in Las Vegas. After selling his company, Watanabe became known for his lavish gambling habits.
In 2007, Terrance 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.
Where is Terrance Watanabe now?
Terrance is no longer seen in the spotlight. He has announced in 2017 that he had prostate cancer and he began a GoFundMe campaign to raise $100,000 for an operation. In 2022, Foundation Media Partners acquired the exclusive rights to Watanabe’s story.
You may watch his business life in the video imbedded here.
Source: Ghanafuo.com
