All eyes on Control Board’s investigation into high roller’s claims against Harrah’s

Harrah’s Entertainment and high roller Terrance Watanabe may have struck a deal to stop fighting each other in court over his $14.7 million gambling debt, but this story is far from over.

All eyes now are on state gaming regulators, who aren’t bound by the agreement.

They have the unenviable task of sorting out Watanabe’s claims that his Caesars Palace and Rio handlers kept the alcohol flowing, and even supplied him with prescription painkillers, as his incredible gambling losses ($189 million) piled up in 2007.

It’s against Nevada law for a casino to allow "visibly intoxicated" patrons to gamble.

Nevada Control Board Chairman Dennis Neilander says agents are moving forward with their investigation.

Word is they’ve received an earful from some of the former Harrah’s employees who allegedly can corroborate Watanabe’s claims.

So the Control Board appears to have no choice but to press ahead.

It’s not going to be a picnic taking on the world’s largest casino company, with all of its high-priced legal talent.