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1985, not during December of that year as petitioner claims.4
Because the records show that the casino made no additional
extensions of credit to petitioner subsequent to October 1985,
there is no support in those records for petitioner’s contention
that his indebtedness to the casino arose as a result of events
occurring during early December 1985. Furthermore, petitioner
does not claim that there was any dispute concerning his
liability for or the amount of any of his debts to Caesar's that
arose prior to December 1985.
Moreover, nothing in those records supports petitioner’s
contention that he incurred a debt to Caesar’s of $80,000 during
the December 1985 tournament due to gambling losses, which losses
formed the basis for a portion of the debt that he acknowledged
that he owed Caesar’s. As noted above, Caesar’s records show no
new debt arising during December 1985. In light of petitioner's
claims, we are nonplussed by the failure of those records to even
indicate that petitioner made a trip to Caesar’s during December
4
The entries in the casino’s records for December 1985
increasing the amount of petitioner’s debt reflect the return of
checks petitioner had given the casino during October 1985, and
not the extension of new credit to petitioner. Petitioner
maintains that those checks were paid but points to no evidence
in the record to support that contention, and we have found none.
Indeed, petitioner’s contention that the returned checks were
paid is contradicted by the entries in Caesar’s records that show
that, after one check for $110,000 was entered on Caesar’s
records as returned, a second check in that amount was sent to
Caesar’s, which was also returned.
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