Archive for Tuesday, May 20, 2008

Barkley: ‘I’ve got to stop gambling’

TNT analyst contends he has no financial troubles

May 20, 2008


Charles Barkley said Monday he will stop gambling, at least for now, less than a week after acknowledging he owed a $400,000 debt to a Las Vegas Strip casino.

"I like to go into Vegas. It's a fun place, but you know what, I've got to stop gambling. That's the bottom line," Barkley said during TNT's pregame show before Game 7 between San Antonio and New Orleans. "I am not going to gamble anymore. For right now, the next year or two, I'm not going to gamble."

The Wynn Las Vegas resort alleged in a civil complaint filed Wednesday in a Nevada state court that Barkley failed to repay four $100,000 casino markers, or loans, received last Oct. 18 and 19. Clark County District Attorney David Roger said prosecutors would file a criminal complaint if Barkley did not pay the debt.

Barkley thanked fans for being supportive and said the debt had been paid. He reiterated he had no financial woes.

Barkley has talked openly about his gambling, estimating during a May 2006 interview with ESPN that he'd gambled away about $10 million over the years. He always defended it by saying he had the money to lose, but said Monday it was time for a break. He added he would try to do it on his own without seeking help.

"Just because I can afford to lose money doesn't mean I should do it," he said.


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