Las Vegas Sun

March 28, 2024

Court reinstate’s gambler’s lawsuit in marker dispute

CARSON CITY — A federal appeals court ruled Tuesday that a high-stakes gambler from Germany should have a chance to show he owes only $250,000 in markers to Wynn Las Vegas, not the $1.3 million the casino claims.

The panel of the U.S. Ninth Circuit Court of Appeals reinstated the lawsuit filed by Konstantis Zoggolis, who maintains he signed a credit agreement with Wynn for up to $250,000.

U.S. District Court Judge Philip Pro dismissed the suit on grounds that Zoggolis failed to first bring his claim to the Nevada Gaming Control Board.

Wynn maintains Zoggolis owes 11 markers totaling $1.3 million.

The appeals court ruled the markers were credit instruments and did not have to go first before the state’s gaming board for a decision. It said the case must be decided by the U.S. District Court in Las Vegas.

The appeals court made it clear in a decision written by Judge Johnnie Rawlinson that it was not taking sides about how much Zoggolis owes.

Zoggolis, in his suit, alleges he signed a credit agreement with Wynn in 2008 to limit his credit line to $250,000. He claims the casino broke the agreement by allowing him credit play up to $1.3 million.

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