A CHRONIC gambler who lost millions of dollars through a secret credit betting system has lost his fight against gaming giant Tabcorp, the Commonwealth Bank and his state government.
Former Sydney solicitor Christopher Ronald Fitzsimons had sued the NSW Government over its decision to allow Tabcorp to offer credit to “high-value” punters – a system in which he gambled more than $10 million and he said was illegal.
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In the NSW Supreme Court this morning, Justice Robert McDougall ruled against the 63-year-old’s claims against the NSW Gaming Minister, Tabcorp and the Commonwealth Bank.
“Mr Fitzsimons’ challenges to the credit betting facility fail,” Justice McDougall said in his judgment.
Mr Fitzsimons said he had not yet read the judgment but was stunned his case had been rejected.
“I’m more than disappointed," he said. "We worked so hard and put so much into it – a QC and barrister doing it pro bono (without charge). I haven`t had the guts to read (the judgment) - it`s quite nauseating.
"It’s hard but tomorrow’s another day."
Mr Fitzsimons, who faces the loss of his home, was taking a walk in a Sydney park to clear his head this afternoon while his legal team decided whether they would appeal.
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