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July 24, 2008 8:54:15 AM CDT

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Barkley Gambling Debt: $400K

Posted May 15, 08 8:40 PM CDT in Gossip,  Sports 

(Newser) – Charles Barkley admitted today that he owes a Las Vegas casino $400,000 and promised to pay up quickly, the AP reports. The former NBA star fessed up after the Wynn Las Vegas casino filed a complaint and the local DA threatened felony charges. "I'm not broke, and I'm going to take care of it," said Barkley, who blamed the big debt on a bad Super Bowl bet.

"I've been gambling 20 years, said Barkley. "I've never had this happen before. "It's my fault I let the time lapse. I screwed up."

Source Associated Press

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Retired basketball star Charles Barkley, right, signs autographs during the Regions Charity Classic Pro-Am golf tournament, in Hoover, Ala. on Thursday, May 15, 2008.   (AP Photo/Butch Dill)
In this April 4, 2007 file photo, retired NBA star Charles Barkley speaks at the Downtown Tip Off Club luncheon in North Little Rock, Ark.   (AP Photo/Mike Wintroath, file)
Retired basketball star Charles Barkley, left, signs autographs during the Regions Charity Classic Pro-Am golf tournament, in Hoover, Ala. on Thursday, May 15, 2008.   (AP Photo/Butch Dill)
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