About five months ago, back in March, I brought to your attention the story of Jerome Powers. Powers racked up a $1.2 million blackjack debt playing at the Mohegan Sun in Connecticut in May of 2009.
The story goes that Powers was extended a casino credit line worth $1.2 million. He lost it all at the blackjack tables. Before leaving the casino, Powers tried to pay off his credit line by writing six checks. All six checks were returned with the reason for the return being that Powers’ account was closed and no longer valid.
The last two years has been spent arguing in and out of courts with the Mohegan Sun. Powers and his attorney said that the credit line was illegal since the Mohegan is on tribal land where the state does not have any jurisdiction. But the court took the Mohegan’s side, said the gambling was legal so the credit line was legal and that Powers had to pay the Mohegan back. Rather than pay Powers and his attorney filed for an appeal as well as a court order that would stop the Mohegan Sun from seizing his assets to help cover the $1.2 million debt.
But within the last couple of weeks, Powers and the Mohegan have settled outside of court in which details were not disclosed. But it sounds like everyone is glad the ordeal is done and over with. Andrew Houlding, the lawyer for the Mohegan Sun, said, “We are just pleased that it is resolved.” Powers himself is quoted as saying, “It was a chapter. It was closed. Everybody is paid, and I am really happy about it.”
Let this be a lesson to all blackjack players not to overextend themselves when it comes to playing blackjack. And when playing online blackjack, do not overload your bankroll with money that you do not have. Gambling debt is not fun.