from www.kjrh.com – Bosses at a Las Vegas casino have been granted the right to obtain Joe Francis’ assets after he failed to pay back his gambling debts.
The Girls Gone Wild creator was ordered to pay off a $2 million debt to Las Vegas mogul Sam Wynn’s casino resort, Wynn Las Vegas, which has ballooned to $2,942,272 with interest and legal fees.
Now a judge has ruled that the casino chiefs can repossess Francis’ California assets, including his mansion in Bel Air, reports TMZ.com.
from www.tmz.com -The Wynn Las Vegas wants the money Joe Francis owes them — and they’re crossing state lines to get it.
Wynn Las Vegas has been given the okay by a California court to go after Francis’ assets here in California — including his posh Bel Air mansion.
Francis recently lost a judgment in Nevada in the amount of $2,000,000 because he didn’t pay back a gambling marker from 2 1/2 years ago. That amount has ballooned to nearly $3 mil with interest.
Since Wynn wanted to go after Francis’ vast California holdings to get their money, they had to ask the California court to honor the Nevada ruling — which they’ve agreed to.
Calls to Joe were not returned.