Barkley repays $400,000 casino debt; says he will stop gambling for now

Former NBA star Charles Barkley has paid his debt to a Las Vegas casino that sued him after he failed to pay $400,000 in gambling loans. However, the civil law suit remains open, and it's going to cost the Hall of Famer $40,000 more to settle the case, the Associated Press reports.

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Barkley, a basketball analyst for Turner Network Television, said in a statement that he didn't know about the district attorney's $40,000 processing fee, but intends to pay it.

"True to my word, I sent a $400,000 cashier's check overnight to Wynn Las Vegas, which they confirmed they received," Barkley said. "I was unaware of the additional 10 percent processing fee from the district attorney's office and make restitution on that promptly."

The resort flied a civil complaint May 14 in Nevada state court alleging Barkley failed to repay four $100,000 casino markers, or loans, received last Oct. 18 and 19. "We've been paid in full," Jennifer Dunne, a spokeswoman for Wynn Las Vegas told the Associated Press. "The rest is the district attorney fee."

Barkley, 45, said during a pre-game show that he was to blame for the outstanding gambling debt.

"I screwed up and didn't pay them in a significant amount of time," Barkley said. "Could they have handled it differently? Yes. But it was my fault."

Barkley also said he would stop gambling, at least for a while. "For right now, the next year or two, I'm not going to gamble. Just because I can afford to lose money doesn't mean I should do it."