Wednesday, April 19, 2006

Our Man of Virtue

Indeed, in recent weeks word has circulated among Washington conservatives that [William Bennett's] wagering could be a real problem. They have reason for concern. The Washington Monthly and Newsweek have learned that over the last decade Bennett has made dozens of trips to casinos in Atlantic City and Las Vegas, where he is a "preferred customer" at several of them, and sources and documents provided to The Washington Monthly put his total losses at more than $8 million...

..."I don't play the 'milk money.'"

Bennett has been a high-roller since at least the early 1990s. A review of one 18-month stretch
of gambling showed him visiting casinos, often for two or three days at a time (and enjoying a line of credit of at least $200,000 at several of them). Bennett likes to be discreet. "He'll usually call a host and let us know when he's coming," says one source. "We can limo him in. He prefers the high-limit room, where he's less likely to be seen and where he can play the $500-a-pull slots. He usually plays very late at night or early in the morning--usually between midnight and 6 a.m." The documents show that in one two-month period, Bennett wired more than $1.4 million to cover losses.

...the [Washington Times] reported that Bennett had been spotted at the new Mirage Resorts Bellagio casino in Las Vegas, where he was reputed to have won a $200,000 jackpot. Bennett admitted to the Times that he had visited the casino, but denied winning $200,000. Documents show that, in fact, he won a $25,000 jackpot on that visit--but left the casino down $625,000.

Bennett--who gambled throughout Clinton's impeachment--has continued this pattern in subsequent years. On July 12 of last year, for instance, Bennett lost $340,000 at Caesar's Boardwalk Regency in Atlantic City. And just three weeks ago, on March 29 and 30*, he lost more than $500,000 at the Bellagio in Las Vegas. "There's a term in the trade for this kind of gambler," says a casino source who has witnessed Bennett at the high-limit slots in the wee hours...

"We call them losers."

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