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Joe Francis --

Wynn Gave Me a

Gambling Discount

8/26/2010 2:55 PM PDT BY TMZ STAFF

Joe Francis just fired a new shot at Steve Wynn in their nasty battle over Joe's gambling debt -- and according to the countersuit ... Steve actually owes Joe a discount on the debt!

0826-joe-wynn-ex-getty-tmz-01-credit
Here's the deal: Wynn sued Joe for $2 million in unpaid gambling debts last year and won. Joe hasn't paid up yet (he's appealing) ... but just this week Joe filed a countersuit claiming the only reason he gambled at Wynn Las Vegas is because the casino offered him a bargain on his losses.

The suit is a pretty fascinating look into the world of "high-rollers." In the docs, Francis claims that casinos regularly give big-time gamblers comps including private planes, accommodations, and food and beverage. But the suit also states that casinos provide discounts -- anywhere from 10% to 30% -- off debts for the biggest spenders.

The suit claims the "Girls Gone Wild" honcho had such a discount deal with Wynn Las Vegas that began in 2007, and was arranged with Larry Altschul, executive vice president of player development for the casino.


According to the suit, Altschul rescinded the discount in 2008 because the casino claimed that Francis hadn't paid his debts on time. At that time Francis was more than $2 million in the hole -- and in the suit Francis claims the casino never told him there was a time constraint on the discount deal.

Bottom line ... Joe acknowledges he lost a ton o' cash at the Wynn, but thinks his tab should be discounted by the agreed upon amount.

Rich people's problems.

43 COMMENTS

No Avatar
1.

who dat    

One douchebag sues another.....Story developing

1329 days ago
2.

MIDNIGHT TOKER    

take him to the desert..give him a shovel and make him dig a hole,make him get into it,and give him 1 last chance to pay up.if not... bury him alive..believe me either way it works...

1329 days ago
3.

Horndog    

The photo on the right is the missing link, right?

1329 days ago
4.

Freaks!    

I thought he'd be taken to the back room and his hands would be introduced to a ball pein hammer?

1329 days ago
5.

DigDug    

Um, how does one lose $2mil in a casino? I mean, I know the house advantage etc., but you must have to be a really, *really* bad gambler!

1329 days ago
6.

Ken    

If you owe $2M in gambling debts and take off either 10% or 30%, tell Joe he still owes between $1.4M and $1.8M with the discount. ... It isn't 100% off. ... Jeez.

1329 days ago
7.

WDC    

TWO VERRRRRRY UGGGGGLY MEN!!! MARON!!!

1329 days ago
8.

mrspatrickcampbell    

Who did Steve's facelift?!

1329 days ago
9.

Kat    

Joe, you ARE a s***bag we already know this. Just pay the man what you owe and move on.

1329 days ago
10.

Agnes    

I wish the Mafia still controlled Vegas. Joe would be sleeping with the fishes right about now.

1329 days ago
11.

Mr Baxter    

Steve Wynn's facelift CANNOT BE UNSEEN

1329 days ago
12.

Shesh!    

Joe is a world class ass. Pay your debt and move on.

1329 days ago
13.

Pistol    

Trash.

1329 days ago
14.

TrixLaRue    

Discounts for the biggest SPENDERS...not the biggest deadbeats...duh...poor guy isn't very bright.

1329 days ago
15.

Mary    

What happened to that dude's face?

1329 days ago
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