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According to the suit, Altschul rescinded the discount in 2008 because the casino claimed that Francis hadn't paid his debts on time.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

Alabama welcome sign

Alabama Gambling News

Sports betting and sweepstakes casino companies pumping money into candidates campaigns.
Maryland

Sweepstakes Casinos Can Continue to Operate in Maryland as Legislation Stalls, 2026 Session Ends

While HB 295 and HB 1226 both cleared the House of Delegates, they failed to move any further.
Strait of Hormuz

Latest Iran Conflict Betting Markets as Strait of Hormuz Reopens

Iranian Foreign Minister Abbas Araghchi posted on X that the passage for all commercial vessels through the strait “is declared completely open” with U.S. President Donald Trump making his own announcement via Truth Social.
Dave & Busters

Suit Against Dave & Busters in South Carolina Court Claims Arcade Games Are Unlawful Gambling

A state advocacy group filed a suit in the District Court of South Carolina Florence Division late Wednesday April 15 arguing the chain’s games function as unlawful gambling rather than entertainment.