Philanthropist in Deep Debt

The Wall Street Journal on Friday profiled Terrance Watanabe, who managed to lose $127 million at two Las Vegas casinos in one year and is now suing the casinos -- Caesars Palace and Rio -- saying they bear some of the responsibility for his debt. And then Towleroad's Andy Towle reported that Watanabe wasn't only giving big on the gaming floor, he is also a major donor to gay causes, including the Gay and Lesbian Alliance Against Defamation and the Gay Men's Health Crisis in New York City. Reported Towle: "In 2002, GLAAD reported a donation from Watanabe as its largest by an individual donor in the organization's history."

See Towleroad's full report here .