AE Restaurant Associates, LLC v. Giampietro (In Re Giampietro)

Opinion

BRUCE MARKELL, Bankruptcy Judge.

James Giampietro, the debtor and defendant in this adversary proceeding, is an inveterate gambler. In the year prior to his chapter 7 bankruptcy filing in November of 2002, he claims to have lost more than $700,000 gambling at various casinos in Las Vegas, including one 2-1/2 day spree at a local casino in which he lost more than $125,000.

Mr. Giampietro is also a restauranteur. During the twenty years preceding his bankruptcy, he managed or owned several restaurants in Las Vegas. This case concerns his efforts to acquire a restaurant in 2000.

The…