Off the pitch… Newcastle owner loses £1m in casino

By on January 24, 2011 - 24 views

Newcastle owner Mike Ashley blew a staggering £1m in just a couple of hours gambling at a casino.

According to The Sun, the ‘Toon wallet’ was on a night out with team manager Alan Pardew, when he lost the huge amount in a single session on a game of craps – insert your own puns.

Ashley, who arrived at the casino at around 11pm, was apparently onto a winning streak and scooped £130,000 after playing for a couple of hours. However, the 47-year-old embarked on his disastrous run at around 2am, losing the first £30,000 in ten minutes.

An onlooker claimed: “He bet thousands at a time, tens of thousands sometimes, covering the table with bets. They finally left at 4am and by that time he had lost £970,000. It was amazing but he didn’t seem bothered at all. He had a smile on his face and tipped the dealer £700, which is astonishing really because people usually only give a tip if they’ve won.”

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