Looks like Charles Barkley and gambling continue to be a losing combination for the outspoken NBA analyst. Barkley is said to owe the Wynn casino $400,000 from some markers (Vegas-speak for "loans") that he took out in October of last year, and unless he settles up, he could be facing felony charges.
A prosecutor says retired NBA star Charles Barkley will face felony charges if he fails to repay a $400,000 gambling debt to a Las Vegas Strip casino.
Clark County District Attorney David Roger says Barkley will get a chance to make restitution to Wynn Las Vegas to avoid felony bad check charges.
If that $400K number sounds familiar to you, that's because it's the amount that Sir Charles was said to have lost on the Super Bowl. Barkley should be glad that this is the new Vegas run by corporations, and not the old one that was (allegedly) run by the mob. I'm not going to do the math on what the weekly vig would be on $400K, but let's just say it would probably be an astronomical sum, and one that Barkley would be repaying with broken bones instead of American currency.
UPDATE: Charles says he's "not broke," and that he'll pay it.
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Reader Comments ( Page 1 of 1)
1. Barkley said that he bet 100k on the Pats. He said that he was going to bet 100k on the Giants to win straight up and he would have won 400k. He said..paraphrasing...I lost 400k by taking the Patriots.
Posted at 2:20PM on May 15th 2008 by paul
2. paul: So you're saying that Barkley claims that a 100,000 bet on the heavily favored Patriots would have paid back 400,000?I don't hardly think so.
Posted at 2:55PM on May 15th 2008 by Mr.G
3. "I don't hardly think" being the operative phrase, of course.
Posted at 3:29PM on May 15th 2008 by Kustie the Klown
4. chuck better pay it back. if he thinks the vegas d.a. is tough, wait till they throw is fat butt in the slammer with bubba as his cellmate. they won't care who he is.
Posted at 3:48PM on May 15th 2008 by mcspartan5
5. when you have everything in life what is the attraction to gambling? it seems like rich athletes, whether past or present want to push the envelope. why can't they be satisfied with a little recreational gambling? barkley has opinions about everything, i wonder what his views are on excessive gambling?
Posted at 4:21PM on May 15th 2008 by john meairs
6. sir charles: what were you thinking you were tough on the court. used to be real tough with the opinions on tv. your tv reporting has really tamed down. it used to be ask me a question i will give you an answer weather you like it or not. maybe people got to him or the gambling overpowered his words. it will make pot all right afterall he is sir charles pete
Posted at 6:24PM on May 15th 2008 by pete
7. from pete new york correction last sentence pot should read out pc
Posted at 6:26PM on May 15th 2008 by pete
8. Wow, already a scandal to mar Barkley's future gubernatorial bid?
Posted at 6:45PM on May 15th 2008 by SystemsThinker
9. A late breaking investigation has brought new information to the Charles Barkley gambling case.
Although initial reports claimed that the gambling debt was $400,000 an internal audit indicates that only $150,000 can be traced to a gambling debt. The remaining $250,000 was actually charged to food services due to an extensive number of trips through the numerous buffets at the casino by Mr. Barkley.
Tape at 11.
Posted at 11:00PM on May 16th 2008 by hicadence
10. MY GUESS IS THAT SIR CHUCK TOOK THE MONEY LINE ON THE GAME ( NO POINTS ) AND HAD TO BET $400,000 TO WIN $100,000.
THE ' MATH ' ON THE WEEKLY VIG IS 5% (20,000) BUT THAT WAS IN THE OLD DAYS.
CHARLES WAS JUST DOING WHAT ALL THE BIG GAMBLERS DO- WHICH IS STALL AND WAIT FOR THE CASINO TO GIVE HIM A DISCOUNT ON THE DEBT, WHICH IS COMMON.
Posted at 8:34AM on May 18th 2008 by bozieb45