clock menu more-arrow no yes

Filed under:

NEWTON SAYS HE GAMBLED ON THE WRONG ADVISERS

Las Vegas superstar Wayne Newton says his big mistake was trusting the wrong people.

"And if that is my major crime in life, then I accept that," the Las Vegas headliner said in the latest People magazine.Newton, 50, filed for bankruptcy protection in August, citing debts of $20 million.

Newton makes millions, but some of his investments - such as those in Indian gambling parlors - have run into trouble.

He said former business managers failed to keep his bills paid and keep him informed.

Newton said his spirits are high as he works out a repayment plan.

"I'm really keeping everything I want to keep," he said. "It isn't a matter of losing my home or the plane."