For several decades, David Milch has been a powerful force in Hollywood.
Milch, a four-time Emmy-winning writer and producer was one of the creative minds behind such acclaimed television dramas as NYPD Blue, Hill Street Blues, and Deadwood. A longtime horse racing fan, Milch also created the short-lived HBO drama Luck, which while critically acclaimed, seemed to have nothing but bad luck associated with it. The cable network canceled the program after the deaths of three horses while filming.
Milch also owned many racehorses over the years, including such standouts as Breeders' Cup winners Gilded Time and Val Royal. However, it's that longtime love of the sport that has been Milch's undoing.
According to an article in The Hollywood Reporter, Milch has gambled away the bulk of his fortune at the racetrack. The publication says that a current lawsuit filed with the Los Angeles Superior Court indicates that Milch lost $25 million from gambling between 2000 and 2011, and is now $17 million in debt.
“[His] personality is [that of] a mad genius, and his approach to gambling is the same,” Tom Quigley, the VIP player concierge at Santa Anita told the Reporter. “What makes Kobe Bryant a great basketball player is the same thing that makes Milch a creative wizard at the racetrack. He would think outside the box. There are so many intangibles, and you can see it in all the aspects of his life.”
Read more in The Hollywood Reporter
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