Millionaire Heir Loses $230 Million at Blackjack Tables

It is a known fact that alcohol and drug addiction can make people lose themselves. But, that is not what happened to Shi Yin Yin, a young millionaire heir of the Wuxi Diamond Family. Shi Yin Yin who knew the game of blackjack very well lost more than US $230 million while playing Blackjack and Baccarat in China.

Reports now claim that the heir and his family have disappeared after having filed for bankruptcy and lost their entire family fortune. Not only did Shi Yin Yin manage to lose his own family money, he also borrowed $50 million from his father-in-law, who is one of the most powerful members of the Chinese Mafia Syndicate, and lost it all.

Finally, not only is the court looking for the family and its heir, but the mafia is also looking for them so that they can get their money back and teach Shi Yin Yin a lesson.

It is important to realize that playing high stakes Blackjack and Poker games in luxury casinos requires a player’s continuous and complete concentration. Players should also realize that gambling is a form of entertainment and should not be played with money you can’t lose. Some consider online blackjack superior to playing blackjack at brick and mortar casinos. Players have deposit limits and online casinos monitor gambling responsibly. Had Shi Yin Yin tried his hand at online blackjack instead of going in for high stakes games in Macau , he may have still had his fortune!

This blog entry was posted on Friday, March 25th, 2011 at 8:06 pm and is filed under Blackjack News.