Akio Kashiwagi


Akio Kashiwagi was a wealthy Tokyo-based real estate investor who was known for the large amounts of money he wagered at Las Vegas and Atlantic City casinos.

Business background

Kashiwagi owned a home and office in Tokyo, out of which he ran the Kashiwagi Shoji Company. He stated that he was the sole principal of his real estate and investment business. He claimed an income of a hundred million dollars a year, and a billion dollars in assets. His finances were so secretive that a credit review for casino officials declared his profession only as 'business'.

Gambling habits

Kashiwagi regularly played baccarat for large sums, betting $100,000 or $200,000 a hand, for hours at a time. He later got into a legal wrangle with the Trump Plaza Hotel and Casino in Atlantic City in 1990 over a deal in which Kashiwagi was to bet $12 million. Kashiwagi left the casino with two million dollars in chips, having lost ten million. He claimed the casino had failed to hold up its end of the deal. The character of K.K. Ichikawa in the film Casino was based on Akio Kashiwagi.

Murder

On January 3, 1992, Kashiwagi was killed, stabbed as many as 150 times with a samurai sword. His body was discovered in his home in Japan near Mount Fuji. According to a story published in Politico magazine, Trump was still owed $4 million in unrecovered gambling debts. The murder was never solved.