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Fry’s
Executive Addicted to Slot Machines and
Tables
Omar
Siddqui has been living the high life
and no one realized exactly how high
that life has been. Siddiqui won and
lost millions of dollars at the slot
machines and gambling tables in Vegas,
and is now accused of $65 million in
fraud to pay off his gambling debts. It
would seem that he was playing a game he
could not win – in the casinos and out.
Experts say that there is a certain type
of person that becomes addicted to the
slot machines and table games. They play
and play with large amounts of money
that they often don’t really have. They
call it bravado – and the bartenders at
the casinos in Vegas say that they see
it every day.
Part of the problem was that Siddiqui
was given a bottomless bankroll at the
casinos, and spent it. Because of the
large amounts of money that was lost
through the casinos, supposedly to the
tune of more than $120 million – the
casinos pretty much gave him whatever he
wanted. However, according to the feds,
the ex-VP for Fry’s Electronics took the
San Jose retailer out of more than $65
million.
Siddiqui was popular at all of the
casinos – and their tables and slot
machines. He spent millions at them and
he was considered a “whale” or someone
that was cash flush and they all bent
over backwards to get him to spend his
money at their casinos. He was not the
highest roller, there are those that
have more money than him to lose at the
casinos, but the exception is that it is
normally their money to lose.
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