The Wall Street Journal had a long article on this situation this week. One interesting side note is the creating of a new "rank" for him in the players club.

Harrah's Total Rewards Player's Club system, a loyalty program similar to that of other big casinos, created a special rank for Mr. Watanabe, "chairman," according to the filing and several employees. Before Mr. Watanabe, the most exclusive rank was "Seven Star."

Has anyone seen a Chairman card from Harrahs? Maybe just an informal rank they conferred on him?