Yes, he had speculated on real estate, based on sound judgment. The Art of Gambling". Articles containing Japanese-language text All stub articles. On January 3, Akio was found dead in his home near Mount Fuji. He claimed the casino had failed to hold up its end of the deal.
At a party for friends and business partners the night before the fight, Trump took Tyson around the room for photos. When Trump spotted one man standing alone in a corner, the mogul threw his arm around him and positioned him for a shot with Tyson. That man was Akio Kashiwagi. A few years earlier, Trump had begun an aggressive move into the Atlantic City casino business.
But those enterprises required huge revenues to turn a profit. Retirees playing their Social Security checks would only get Trump so far. Kashiwagi fit the bill. His game was baccarat, a fast-paced card game similar to blackjack that is favored by James Bond. He was also a murky figure. Rumors swirled about his ties to the yakuza —perhaps explaining his aversion to photographers.
The high-roller world is small, and the highest rollers are discussed among top casino owners. Trump first heard about Kashiwagi from the late Sir James Goldsmith, a European financier and casino owner. Too risky, he said. He told Kashiwagi there was a penthouse waiting for him at the Trump Plaza.
Trump greeted him with an autographed copy of The Art of the Deal. Things got off to an odd start, Trump would later recall in his own memoir: Finally he reappeared on a Friday night.
With his black hair slicked back, Kashiwagi played marathon sessions at a table roped off for his private use. Surrounded by bodyguards and watchful casino officials, he was supplied with hot towels and given a private bathroom; Trump even hired a Japanese chef to cook for him. Amid the opulence, Kashiwagi cut a modest profile. Dozens of low-rollers peered over a marble wall into a world they could barely fathom.
It was just the sort of publicity Trump had been seeking. Trump was down a million dollars within half an hour. Every casino game has a built-in advantage for the house. But Trump grew alarmed as he focused on the fact that baccarat offers a relatively narrow dealer's edge.
Yes, he had speculated on real estate, based on sound judgment. Trump was nervous to his core. In what he says was a first, he called down to the casino floor late that night to check on the ledger. Kashiwagi had so many chips he had to pile them on the floor.
But in public, Trump was typically unflappable. 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'. 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. On January 3, , Kashiwagi was killed, stabbed as many as times with a samurai sword. His body was discovered in his home in Japan near Mount Fuji. From Wikipedia, the free encyclopedia.
January 12, The New York Times.