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Barkley has paid gambling debt, but needs to pay another $40K

 

LAS VEGAS -- Former NBA star Charles Barkley has retired his debt to a Las Vegas Strip casino that sued him after he failed to pay $400,000 in gambling loans.

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But the civil lawsuit remains open, and it's going to cost Sir Charles $40,000 more to get out of the legal doghouse.

"We received a check this afternoon from Mr. Barkley, and it's been sent to the district attorney," said Jennifer Dunne, spokeswoman for Wynn Las Vegas. The resort filed a civil complaint May 14 in Nevada state court alleging Barkley failed to repay four $100,000 casino markers, or loans, received last Oct. 18 and 19.

"We've been paid in full," Dunne said. "The rest is the district attorney fee."

Clark County District Attorney David Roger said the case will remain open, with Barkley facing possible criminal prosecution, until he pays a 10 percent processing fee.

"We've been in contact with his representative," Roger told the Associated Press. "We expect a check for $40,000 within the next few days."

Barkley, a Turner Network Television basketball analyst, said during a pre-game show Monday that he was to blame for the outstanding gambling debt.

"I screwed up and didn't pay them in a significant amount of time," Barkley said. "Could they have handled it differently? Yes. But it was my fault."

The 45-year-old Barkley also said he would stop gambling, at least for a while.

"For right now, the next year or two, I'm not going to gamble," he said. "Just because I can afford to lose money doesn't mean I should do it."

TNT spokesman Jeff Pomeroy said a Barkley representative sent a $400,000 check Monday by overnight delivery to the Wynn Las Vegas collections department.

But Roger said Barkley's obligation grew to $440,000 once a civil lawsuit was filed.

"He had an opportunity to pay representatives of the Wynn hotel and failed to pay," the prosecutor said. "Once we open a case, the assessment is due and payable."

Roger had promised to file felony theft or bad check charges if Barkley didn't pay the Wynn debt. A theft conviction could carry a penalty of one to 10 years in state prison. A felony bad check conviction could bring one to four years.

Barkley played 16 NBA seasons for the Philadelphia 76ers, Phoenix Suns and Houston Rockets, and played on the USA Olympic "Dream Team" in 1992 and 1996. He was an 11-time NBA All-Star and was league MVP in 1993.

He has talked openly about his gambling, estimating during a May 2006 interview with ESPN that he'd gambled away about $10 million over the years.

AP NEWS
The Associated Press News Service

Copyright 2007-2008, The Associated Press, All Rights Reserved
 
Talk Back
Reputation:95
Level:Superstar
Since:Mar 14, 2008

May 20, 2008 3:20 pm
Why does anyone care? I'm sure with a little research we could come up with a long list of athletes that have squandered away millions of dollars probably approaching the GDP of some small countries who cares it's their money the earned it let them blow it on hookers and gummy worms who cares.
Reputation:94
Level:All-Star
Since:Feb 8, 2008

May 21, 2008 5:19 pm
Barkley has the right to do whatever he wants to do.  He is acting within the law, so I don't see what the big deal is.  He can do whatever he wants, people gamble and lose money everyday.  He paid off his debt, sure it seems like a lot of money to people like you and me, but it doesn't really matter he has the right to do what he wants to with his money.  He is not promoting g ...(more)
Reputation:95
Level:Superstar
Since:Sep 10, 2006

May 20, 2008 8:12 pm

Charles Barkley and Michael Jordan (in particular) used to dominate the NBA and were role models, stars, and faces of their cities and franchises....

Now, they are poster children for Gamblers Anonymous.  Between them, they have admitted to losing 10's of millions of dollars....      That is ridiculous.  Michael is looking more and more like your d ...(more)

Reputation:92
Level:All-Star
Since:Sep 19, 2007

May 20, 2008 11:52 pm

This is not a sports story.

Anybody got some sports they wanna talk about?

Go Celtics!

Reputation:94
Level:All-Star
Since:Nov 19, 2007

May 21, 2008 9:02 am
Who cares?  Between this and the headlines of Clemens having multiple women in his life, I'm about to lose my mind......  is this sad to anyone else but me?  Everyone has problems, I don't care if an athelete has un paid debt.  I care about what they do on the floor or feild.  Come on now..... let's talk sports!
Reputation:96
Level:Superstar
Since:Aug 22, 2006

May 20, 2008 2:43 pm
Charles Barkley had better wake up and he had better do it fast. These people in Las Vegas would love to make an example out of him for failing to handle his business. It's a wonder that the people at TNT didn't make sure that this matter was properly taken care of. Sooner or later they will have to make a decision whether to let Chuck go or suspend him for a few telecasts until this matter is res ...(more)
Reputation:97
Level:Superstar
Since:Dec 18, 2006

May 20, 2008 2:52 pm
Hey Barkley, why are you having a hard time paying off your debt? When you decided to take a loan from the casino, I bet they didn't ask you to jump through the ropes or do something extraordinary, they give you the loan base on who you are and also in good faith. In another word, they trusted you, they took your word that you will pay them back. Well, now is the time to pay them back and quit act ...(more)
Reputation:95
Level:Superstar
Since:Mar 10, 2008