Billionaire Gambler Cleared of Casino Debt

5 September 2008

According to The Daily Mail, billionaire gambler Fouad al-Zayat, who is better known as the “Fat Man,” has won a bid to keep him from owning up to a £2 million debt, which he accumulated after only after a night at roulette and blackjack tables in a London casino.

After a judge told the businessman he had to pay the debt, Mr. al-Zayat appealed the case, citing Aspinall, the London casino involved, gave him unlawful credit under the United Kingdom Gambling Act.

On Wednesday, the casino's claim was rejected as was a counterclaim from Mr. al-Zayat, who was seeking £10 million, reports the paper.