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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According to the suit, Altschul rescinded the discount in 2008 because the casino claimed that Francis hadn't paid his debts on time.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
16.

Tylercat    

Sounds like a scene from Lost in America where Albert Brooks tried to get a gambling debt relieve because of a great marketing idea he had.

1434 days ago
17.

jeff    

Don't you just want to drop a turd right on Francis?

1434 days ago
18.

noneofyourbusiness    

Jeff-I would like to do nothing more than just that.....

1434 days ago
19.

big nuts    

wtf is up with the guys face on the right.....looks like he has a case of the downs.

1434 days ago
20.

John    

When did Steve Wynn get Down syndrome?

1434 days ago
21.

anony    

Je-sus! Steve Wynn has had so much plastic surgery that he looks like his face was reconstructed after being thrown head-first through a windshield.

1434 days ago
22.

Jake    

Vegas is great!!! I always use these guys to get in VIP to all the clubs and pool parties http://www.siennaentertainment.com

1434 days ago
23.

Kraken    

Steve Wynn looks like the wax cavemen figures you see at the museum. That's some scary stuff.

1434 days ago
24.

jessup    

They look like father and son.

1434 days ago
25.

admiralguera    

Casinos do give discounts to some gamblers. However, if you piss them off - bye bye discount

1434 days ago
26.

Linda    

For the compulsive Gambler...Gambling destroys lives.

1434 days ago
27.

Linda    

Stay away from casino's they will destroy your life if your a compulsive gambler. This guy must have a problem to blow that kind of money. And the bad thing about it he cant file bankrupt on a casino debt.

1434 days ago
28.

Christina G.    

What's with that guy's face? One of his parents must have been an ape.

1434 days ago
29.

CGS    

What a loser, pay up fool. You pay to play, learn it, live it. It's not like he can't afford it!

1434 days ago
30.

Zippy T. Pinhead    

Whats with the picture of the Cave-man?

1433 days ago
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